IBT Staff Reporter

Stocks were mixed on Wednesday as investors were cautious about making big bets after a rally this week, overshadowing solid data on durable goods and home sales.

The U.S. economy is in the early stages of recovery but it will be a while before growth starts to bring down unemployment, a top Federal Reserve official said on Wednesday.

Vonage Holdings Corp shares surged 35 percent on Wednesday on growing views that the company would survive despite earlier skepticism over its business model.

Real estate professionals say that real estate prices will remain the same for the next six months, according to HomeGain's quarterly survey of professional opinions.

Loan application volume rose again last week, increasing 7.5 percent on a seasonally adjusted basis compared to the previous week, the Mortgage Bankers Association reported.

Hurricane season officially started on June 1, and the Federal Government, led by the Department of Energy's (DOE) Office of Electricity Delivery and Energy Reliability, is prepared to respond alongside the private sector should a hurricane affect the energy infrastructure of the United States.

According to published reports, the Internal Revenue Service is more closely examining how taxpayers are reporting mortgage interest deductions.

The appeal of sturdy construction and close-knit communities has buyers seeking out early 20th Century bungalows in markets throughout the country.

Tropical storm Danny was officially formed at the East of the Bahamas, the National Hurricane Center announced on Wednesday by 11:00 a.m. EST

Before a property goes on the market, it's important that every room be showcased in a way that portrays its intended purpose. If not, potential buyers can become confused as to the function of the space.

China Unicom will ramp up broadband connectivity nationwide to help 80% of its users have access to 2Mbps by the end of 2009, an executive of the Chinese telecom giant said on Tuesday.

President Barack Obama released a statement on Wednesday after the death of Senate Edward Kennedy, expressing his condolences to all the family members.

Medco Health Solutions Inc (MHS.N) is seen as the lead bidder for Aetna Inc's pharmacy benefit manager in an auction that has drawn scant interest, sources familiar with the situation said on Wednesday.

The German government signaled on Wednesday talks between Berlin and General Motors over the fate of its European unit Opel are threatening to drag on, raising the prospect of weeks more of negotiation.

Colombian rock star Juanes says a public concert he plans in Cuba next month could help further thaw U.S.-Cuban ties despite outcry from some Cuban exiles who accuse him of pandering to the island's communist rulers.

Pop star Michael Jackson died from a lethal dose of the powerful anesthetic propofol given in a cocktail of drugs, leading authorities to suspect his doctor of manslaughter, court documents showed on Monday.

U.S. regulators have been negotiating until the last minute on highly anticipated guidelines for private equity investments in distressed banks.

Oil fell to near $71 a barrel on Wednesday, extending hefty losses from the previous session, as rising stockpiles of U.S. crude outweighed positive economic data.

Stocks declined slightly on Wednesday, as investors took a breather after a strong rally earlier in the week, despite strong reports on new home sales and durable goods.

Retailer Dollar Tree Inc reported a higher-than-expected jump in quarterly profit on Wednesday and boosted its full-year sales and earnings forecast amid a substantial increase in customer traffic in its stores.

The world's top mobile phone maker Nokia said on Wednesday it would launch a mobile financial service next year targeting consumers, mainly in emerging markets, with a phone but no banking account.

Stocks seesawed on Wednesday despite strong data on new home sales and durable goods orders as investors paused after a recent sharp run-up.

U.S. stocks seesawed on Wednesday despite strong data on new home sales and durable goods orders as investors paused after a recent sharp run-up.

U.S. regulators have been negotiating until the last minute on highly anticipated guidelines for private equity investments in distressed banks.

Digital China Holdings recorded a profit attributable to equity holders of approximately HK $262 million or HK 27.24 cents per share for the three months ended June 30, up 130% compared with a year ago.

Dallas Federal Reserve President Richard Fisher said on Wednesday the U.S. economy is poised for a slow, sluggish recovery as it emerges from a painful recession.

Papa Johns pizza chain will today (August 26) be offering free pizza to all Camaro owners in celebration of the chains 25th anniversary and also the reuniting of the chains founder with the Camaro he sold back in 1983 to start his business.

U.S. stocks seesawed on Wednesday despite strong data on new home sales and durable goods orders as investors paused after a recent sharp run-up.

Sales of newly built U.S. single-family homes rose in July to their fastest pace in 10 months, while orders for long-lasting manufactured goods surged, hinting a modest economic recovery was taking shape.