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Updated: 41 min 55 sec ago

New-home Sales Jump 11.6% To 481,000 Annual Rate In December

Tue, 01/27/2015 - 11:16am
Sales of new single-family homes rose sharply in December, helping sales for the year to show a modest increase from 2013, the Commerce Department reported Tuesday.
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New Home Sales Jump in December

Tue, 01/27/2015 - 11:12am
The Commerce Department reports new home sales rose to an annualized rate of 481,000 units in December from 431,000 the month prior. Wall Street expected a shallower increase to 450,000 units.
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Dow plunges after weak earnings from Caterpillar, Microsoft; drop in durable-good orders

Tue, 01/27/2015 - 11:02am
The Dow Jones industrial average has dropped nearly 400 points in late morning trading after disappointing earnings reports and a surprise drop in orders for long-lasting goods.
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Consumer Confidence Index Jumps To Seven-year High Of 102.9

Tue, 01/27/2015 - 11:02am
Consumer confidence jumped in January to the best reading since August 2007, according to the latest reading from the Conference Board.
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Obama: Drone That Landed At White House For Sale At Radio Shack

Tue, 01/27/2015 - 11:01am
President Barack Obama said in an interview that the U.S. needs to regulate the drone industry, a day after a drone crashed at the White House.
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Unemployment in South Carolina declines to 6.5 percent during December

Tue, 01/27/2015 - 10:48am
South Carolina's unemployment declined slightly during the final month of 2014 to 6.5 percent, state officials said Tuesday.
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U.S. Stocks Open With Sharp Losses Amid Weak Data, Earnings

Tue, 01/27/2015 - 10:38am
U.S. stocks opened sharply lower after a weaker-than-expected durable-good orders report triggered fears that economic growth is slowing.
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Ranking Democrat on banking panel tries to slow Iran sanctions bill in Congress

Tue, 01/27/2015 - 10:37am
The top Democrat on the Senate banking committee wants to put the brakes on legislation to levy more sanctions on Iran if no diplomatic agreement can be reached by July to prevent Tehran from being able to develop a nuclear weapon.
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US trade rep tells lawmakers Obama needs enhanced trade authority to seal important pacts

Tue, 01/27/2015 - 10:37am
The Obama administration's top trade official says Congress must return enhanced negotiating powers to the White House in order to cut important trade deals with Pacific-rim nations and others.
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S&P Downgrades Russia to 'Junk'

Tue, 01/27/2015 - 10:17am
Russia gets a downgrade to junk and UK growth misses expectations as the Obama administration once again moves against the U.S. energy revival while continuing to take credit for the oil revolution that it opposes.
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Novartis Flags Faster Sales and Profit Growth for 2015

Tue, 01/27/2015 - 10:14am
Swiss drugmaker Novartis said sales and profits would rise at a faster pace this year as recent drug successes and its portfolio overhaul help it weather competition from cheaper generic medicines.
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DuPont Plans $4B Share Buyback

Tue, 01/27/2015 - 10:05am
DuPont, under pressure from activist investor Nelson Peltz to improve shareholder returns, said it plans to buy back up to $4 billion of its stock using a dividend expected from a spinoff of its performance chemicals business.
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Massachusetts nuclear reactor shuts down during snowstorm, officials say no danger to public

Tue, 01/27/2015 - 10:04am
Officials say a Massachusetts nuclear power plant was forced to shut down during the blizzard but there was no danger to the public.
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Dow Members Reporting Results Shaving Off 144 Points From Dow

Tue, 01/27/2015 - 10:01am
The shares of all seven Dow Jones Industrial Average components that reported results since Monday's close were selling off in premarket trade Tuesday, as the companies' either reported results that missed expectations in some way or provided downbeat outlooks.
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U.S. Home Prices Edge 0.2% Lower In November: Case-Shiller

Tue, 01/27/2015 - 10:00am
U.S. house prices edged back by 0.2% in November, to lower the year-on-year advance to 4.3%, according to the S&P/Case-Shiller 20-city composite released Tuesday.
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Home Prices Edge Lower in November

Tue, 01/27/2015 - 9:56am
Home prices in 20 major U.S. metropolitan areas fell 0.2% in November from the month prior on a non-seasonally adjusted basis. The closely-watched gauge is up 4.3% from the year prior.
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P&G Warns of Drop in Full-Year Net Sales as Dollar Strengthens

Tue, 01/27/2015 - 9:53am
Procter & Gamble, the world's largest household products maker, said net sales would fall 3-4 percent in the full year due to a stronger dollar, sending its shares down 3 percent in premarket trading.
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Microsoft Stock Slumps On Downgrades

Tue, 01/27/2015 - 9:49am
Shares of Microsoft Corp. slid 7.9% in premarket trade Tuesday after the company's disappointing outlook triggered analyst downgrades.
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New York Subways Up And Running, Tunnels Open To Traffic

Tue, 01/27/2015 - 9:47am
A travel ban for New York City transit was lifted early Tuesday, with all nine MTA bridge and tunnel facilities now open to automobile traffic, the MTA said on its Website.
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Lockheed Martin Revenue Beats as F-35 Fighter Jet Demand Rises

Tue, 01/27/2015 - 9:41am
Lockheed Martin, the Pentagon's largest arms supplier, reported a better-than-expected 8.6 percent rise in quarterly revenue, helped by higher demand for its F-35 fighter jets.
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