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Updated: 27 min 30 sec ago
Sales of new U.S. homes plunged in June, a sign that real estate continues to be a weak spot in the economy.
Sales of new single-family homes fell 8.1% in June to a seasonally adjusted annual rate of 406,000, the slowest pace in three months, with drops across the country, according to government data released Thursday.
The 30-year fixed-rate mortgage averaged 4.13% in the week ending July 24, unchanged on the week and just above the low of the year, according to mortgage buyer Freddie Mac.
Data Dimensions Corp. plans to open a data processing center in Mount Sterling and create 100 new jobs in the eastern Kentucky town.
Virginia continues to see steep honey bee colony losses.
The Metropolitan Opera's general manager is warning of a lockout if no contract agreement is reached with its union employees by next week.
The U.S. stock market is opening slightly higher as several big companies across industries report second-quarter earnings.
Southwest Airlines Co posted higher-than-expected quarterly profit on Thursday as it boarded more passengers and garnered higher air fares.
Sports apparel manufacturer and retailer Under Armor Inc's quarterly revenue rose by than a third as it benefited from growing interest in fitness among women and young people, and the company raised its full-year sales forecast.
Two Democratic lawmakers plan to ask the Legislature to revamp a $50 million annual cap on tax incentives for film and television production in New Mexico.
A replacement for the aging and outdated Port Authority Bus Terminal may be a decade or more away, but officials at the agency said Wednesday they plan to improve commuters' daily experience with a series of smaller measures while rethinking a long-term capital plan to include a new facility.
Eli Lilly and Co's quarterly revenue plunged due to generic competition for its Cymbalta depression drug and its Evista osteoporosis treatment, but cost controls helped earnings beat forecasts.
Southwest Airlines is reporting a record profit for the second quarter, more than doubling what it earned a year ago.
U.S. weapons maker Raytheon Co reported a 13 percent rise in second-quarter profit, helped by cost cutting and favorable pension adjustments, and maintained its full-year forecast.
French luxury powerhouse Hermes has named Nadege Vanhee-Cybulski as their new womenswear designer.
GlaxoSmithKline said on Thursday it is applying for regulatory approval for the world's first vaccine against malaria, designed for children in Africa.
Wal-Mart Stores Inc. says U.S. discount-store chief Bill Simon is stepping down.
Wal-Mart Stores Inc said Greg Foran, the head of its Asia business, would now lead its struggling U.S. business.
The Ohio Bureau of Workers Compensation has agreed to pay $420 million to state employers for overcharging them for insurance premiums for years.
Shares of Facebook Inc were set to open at a record high on Thursday after a surge in mobile advertising revenue helped the world's No. 1 social network trounce analysts' expectations for quarterly profit and revenue.