The Federal Reserve needs to re-write its forward guidance now that it is closer to ending its bond-buying program, said Loretta Mester, the president of the Cleveland Fed, on Thursday.
Hovnanian's fiscal third-quarter net income more than doubled as it delivered more homes.
BP shares slumped 5 percent after a judge ruled that the oil giants's reckless conduct led to the worst U.S. offshore oil spill, a decision that could cost BP another $17.6 billion.
Actress Rosie Perez and Republican media operative Nicolle Wallace are joining ABC's daytime chat show, "The View." The network said Wednesday that the two will join Whoopi Goldberg and Rosie O'Donnell on the panel for the show's new season, beginning Sept. 15.
Home Depot's outgoing CEO Frank Blake told investors Thursday that the nation's largest home-improvement chain continues to investigate a potential breach at the company and reassured that customers will not be liable for any potential fraudulent charges.