U.S. new home sells fell in August to a 295,000-unit annual rate, the fourth straight monthly decline for the beleaguered sector. The slump means that housing is likely to be a drag on U.S. GDP for at least the next two quarters, perhaps for longer. New home prices are attractive, but potential buyers should tread carefully: they may drop in many markets.
Last week, the California legislature sent the governor a bill that would ban most employers from running credit checks on job applicants. If the governor signs the bill into law (which this web site tells us he’s likely to), California will become the biggest get yet for those pushing for such laws around the nation. Is this just what a country full of unemployed people with wrecked credit needs? Or is it, as HR managers have been hollering, a way of hindering them from finding good, upstandin...
Verizon Wireless has called on Apple to stop opposing the Galaxy line of Samsung electronic devices, saying that continuing to do so will harm efforts to roll out 4G technology.
Perhaps Apple heard the news -- that Amazon and Barnes & Noble are launching new tablets priced lower than its global-leading iPad. Or perhaps Apple is just better preparing for a slow-growing global economy, where consumer dollars are getting tighter amid talks of a new recession.
Shares of Berkshire Hathaway jumped 6.5 percent to $106,500 after Warren Buffett’s conglomerate announced its first-ever share buyback.
Boeing has delivered its first 787 Dreamliner to All Nippon Airways and a company vice president told employees in a ceremony they are part of a once-in-a-lifetime experience. It's a signature moment for the company, aviation, the flying public, and even America.
An internet hoax spread on Sunday claimed that the social networking site would begin charging customers on Monday
Boeing delivered the first 787 Dreamliner to Japan's All Nippon Airways Monday, in what is perhaps Boeing's most anticipated debut since the delivery of the first 747 jumbo jet in 1970.
Boeing has spent roughly $32 billion so far to launch the Dreamliner, according to an estimate by The Seattle Times, with half spent in development and half spent on manufacturing. Now Boeing has finally crossed the achievement threshold, completing the company's first contractual delivery of a 787 Dreamliner.
Arch West, creator of Doritos, died last week of natural causes in Dallas. He was 97.
Solar panel installer SolarCity said on Friday it was the second company in as many days that will not get finalization of U.S. government loan aid by a September 30 deadline.
UBS investors welcomed the Swiss bank's choice of caretaker chief executive, Sergio Ermotti, on Monday after Oswald Gruebel resigned in the wake of a $2.3 billion rogue trading scandal and cleared the way for a major overhaul of the investment bank.
UBS has said that Sergio Ermotti will be the caretaker chief executive following the resignation of Oswald Gruebel last week.
After being three years behind schedule for various reasons, including component shortage and a 57-day machinists' strike, Boeing says it has delivered the first 787 Dreamliner to Japan's All Nippon Airways (ANA).
The 127-year-old steam-powered car will be auctioned for millions in Hershey, Penn., on Oct. 6, by the automotive auction house RM Auctions.
Netflix Inc has won a deal to pipe Dreamworks Animation movies starting in 2013, the first time a major Hollywood studio has chosen Internet streaming over traditional pay TV, The New York Times reported Sunday.
After several years of delay, the first Boeing 787 Dreamliner is set to be delivered to a customer in Japan and will make its first passenger flight this fall.
Consumer electronics giant Samsung said this weekend that its popular Galaxy S2 smartphone sold over 10 million units globally, making it the most-sold Android phone in the world, but it still has a ways to go before it catches up to Apple.
The announcement of the iPhone 5 will take place at Apple headquarters in Cupertino, Calif. on Oct. 4, a change from the original location of Yerba Buena Center for Arts, several sources have said.
Consumer electronics giant Samsung said on Sunday that its venerable Galaxy S2 smartphone reached 10 million units sold globally, making it the most sold Android phone and positioning it for a bout with Apple.
Unionized Southern California supermarket employees at Albertsons, Ralphs and Vons ratified a contract deal reached last week that averted a threatened strike, said the union representing the workers.
Fueling fire to the rumor that the new iPhone 5 will hit stores next month, Verizon is selling the iPhone 4 for $120 until Sept. 30.
Health insurer Humana Inc (HUM.N) agreed to acquire privately held MD Care for an undisclosed amount on Friday to expand its Medicare plans for the elderly in California.
Solar panel installer SolarCity said on Friday it was the second company in as many days that will not get finalization of U.S. government loan aid by a September 30 deadline.
The daily deal business continues to grow, according to research, but the industry leader -- Groupon -- continues with shakiness in regard to leadership, profitability, and a planned initial public offering (IPO). The latest news is a new regulatory filing late Friday from the company that says the company's chief operating officer Margo Georgiadis is leaving the company to return to Google, her former employer. She was only on the job with Groupon, the Chicago-based Internet daily deal compa...
Regulators closed two banks -- one in Norfolk, Virginia and the other in Nevada City, California -- on Friday, bringing the total number of closures this year to 73.
On Monday, the next-generation in commercial aviation arrives, as Boeing will deliver its first 787 Dreamliner to Japan’s All Nippon Airways. To say that there’s a lot riding on the 787 for Boeing and for U.S. jobs and exports would be an understatement.
Boeing Co's 787 Dreamliner, the world's first commercial airplane made largely of lightweight composite materials, is set for first delivery to a customer next week.
A suspected member of the clandestine hacking group LulzSec was arrested in Arizona on Thursday on charges of taking part in an extensive computer breach of the Sony Pictures Entertainment film studio, the FBI said.
Hewlett-Packard has announced that Meg Whitman would be the company's new chief executive officer