IBT Staff Reporter

The pace of existing home sales edged up in November from a record low, according to a report on Monday that offered some tentative signs of stabilization in the still-ailing housing market.

As more banks report write-downs tied to the global credit crunch, analysts say Wachovia Corp may have losses lurking in an area that has garnered less investor attention.

There is a reason people still buy CDs more than they do digital albums. Actually there are several, but viruses that come along with music via peer-to-peer sites (P2P) and a concern over digital rights management (DRM) aren't the only culprits.

That time of year is upon us again -- no, not the holiday season.

Wal-Mart Stores Inc quietly canceled its online video download service less than a year after the site went live

U.S. and European banks including Citigroup Inc and HSBC Holdings PLC are considering selling off

Former First Republic Bank shareholders sued Merrill Lynch & Co on Friday accusing the Wall Street investment bank and brokerage of hiding billions of dollars of losses related to subprime mortgages while the companies' merger was pending.

Macy's, Inc. on Friday announced the closing of nine underperforming Macy's stores, affecting 899 employees in Indiana, Louisiana, Ohio, Oklahoma, Texas and Utah.

The greenback extended its losses broadly after a report showed the nation's housing market deterioration has not ended yet. The dollar posed for the biggest weekly decline versus the euro. US new home sales fell from 728k to

President George W. Bush intends to veto defense authorization legislation over a provision that would imperil Iraqi assets held in the United States, the White House said on Friday.

Warren Buffett's Berkshire Hathaway Inc, in its second acquisition this week, agreed to buy the NRG NV reinsurance unit of ING Group NV for about 300 million euros ($441 million).

Here's a bad idea whose time has gone: Retirees should keep a lot of their money safe in bonds.

Maybe you've noticed that the customer is always right attitude is in short supply these days. Companies have embraced technologies and practices that marginalize the little guy.

Wondering where to put your money in 2008? It may seem like all the choices are bad, and I'm not talking about the presidential candidates. Stocks, bonds, real estate, and money market funds have all been underwhelming -- at best. Chinese stocks, gold, oil and India suggest bigger gains but also much bigger risks.

Benazir Bhutto was laid to rest next to her father in the family mausoleum on Friday after the opposition leader's assassination plunged Pakistan into crisis and triggered violent protests.

About 38 percent of U.S. consumers are watching TV shows online, 36 percent use their cell phones as entertainment devices and 45 percent are creating online content like Web sites, music, videos and blogs for others, according to a new-media survey from Deloitte & Touche.

U.S. and European banks including Citigroup Inc and HSBC Holdings PLC are considering selling off parts of their businesses as they prepare for tough times ahead, the Wall Street Journal reported.

Videos by a self-styled Obama Girl, a fan's tearful defense of Britney Spears and an attack by a herd of buffaloes on a pride of lions, were among the most popular clips on YouTube.com in 2007.

Economic pressures and online deals might have led consumers to sharply limit their trips to retailers in the week leading up to Christmas, data tracker ShopperTrak RCT said on Thursday.

Nokia has again pushed back the launch of its gaming service N-gage due to delays in software testing, a spokesman said on Thursday, in the latest blow to the Internet services ambitions of the world's top cell phone maker.

Anyone with dreams of being a talk radio star -- ranting about sports and politics, chatting with callers, sharing recipes or car-buying tips -- can play host on their own show, right on the Web.

Billionaire Joseph Lewis disclosed in a regulatory filing on Wednesday that he has increased his stake in hard-hit investment bank Bear Stearns Cos to 9.57 percent.

Pakistan opposition leader Benazir Bhutto was assassinated by a suicide bomber on Thursday, plunging the nuclear-armed country into chaos ahead of a general election she hoped to win.

U.S. stock index futures were pointing to a slightly higher open on Wall Street on Thursday, as investors awaited data that could shed more light on the health of the economy.

U.S. hotel heiress Paris Hilton's potential inheritance dramatically diminished after her grandfather Barron Hilton announced plans on Wednesday to donate 97 percent of his $2.3 billion (1.16 billion pounds) fortune to charity.That wealth includes $1.2 billion Barron Hilton stands to earn from both the recent sale of Hilton Hotels Corp. -- started by his father Conrad in 1919 when he bou...

Apple Inc and News Corp.'s Twentieth Century Fox are set to announce a deal that will allow consumers to rent movies through Apple's digital iTunes Store, media reports said on Thursday.

Nicolas Cage's adventure sequel National Treasure: Book of Secrets raced to $65 million during its first five days of release across North America, distributor Walt Disney Pictures said on Tuesday.

Oil rose to a one-month high above $96 a barrel on Wednesday ahead of a U.S. government report expected to show crude inventories in the world's top consumer fell for a sixth straight week.

Berkshire Hathaway Inc, the conglomerate headed by billionaire investor Warren Buffett, said on Tuesday it planned to buy 60 percent of manufacturing and services group Marmon Holdings Inc. for $4.5 billion.