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Updated: 41 min 55 sec ago
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.
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.
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.
Consumer confidence jumped in January to the best reading since August 2007, according to the latest reading from the Conference Board.
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.
South Carolina's unemployment declined slightly during the final month of 2014 to 6.5 percent, state officials said Tuesday.
U.S. stocks opened sharply lower after a weaker-than-expected durable-good orders report triggered fears that economic growth is slowing.
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.
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.
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.
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.
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.
Officials say a Massachusetts nuclear power plant was forced to shut down during the blizzard but there was no danger to the public.
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.
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.
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.
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.
Shares of Microsoft Corp. slid 7.9% in premarket trade Tuesday after the company's disappointing outlook triggered analyst downgrades.
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.
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.