U.S. home starts unexpectedly fell last month as unusually cold weather hampered construction, but a jump in building permits to a 14-month high indicated the housing market recovery was intact.
Sony Computer Entertainment announced Wednesday that it plans to roll out its new motion controller for the PlayStation 3 this fall.
U.S. stocks were having their worst day of 2010 on Wednesday as lending restrictions in China worried investors about the global economic recovery, while a conservative outlook from IBM weighed down technology shares.
U.S. stocks extended losses on Wednesday as investors pummeled technology shares, sending the Nasdaq down more than 2 percent following IBM's disappointing outlook.
U.S. stocks fell on Wednesday as quarterly results from three big U.S. banks raised concerns about the stability of the sector and analysts questioned IBM's profit forecast.
New U.S. housing starts unexpectedly fell in December, likely the result of unusually cold weather, while producer prices rose for a third straight month.
New U.S. housing starts unexpectedly fell in December, pulled down by a drop in construction activity for single-family dwellings, a government report showed on Wednesday.
New U.S. housing starts unexpectedly fell in December, pulled down by a drop in construction activity for single-family dwellings, a government report showed on Wednesday.
New U.S. housing starts unexpectedly fell in December, pulled down by a drop in construction activity for single-family dwellings, a government report showed on Wednesday.
U.S. consumers unexpectedly curbed their Christmas spending in December and more people filed claims for jobless benefits last week, casting fresh doubts on the durability of the economic recovery once government support fades.
U.S. consumers curbed their Christmas spending in December and more people filed claims for jobless benefits last week, casting fresh doubts on whether the economic recovery can last once government support fades.
Sales at U.S. retailers unexpectedly fell in December as consumer spent less on vehicles and an array of other goods during the holiday shopping month, data showed on Thursday, raising concerns about the durability of the economy's recovery.
Stocks and commodities fell in Asia on Wednesday after China's surprise hike of banks' reserve requirements sparked investor concerns that the move could slow China's purchases of natural resources and other imported goods from Asia.
Stock index futures dropped on Tuesday after Alcoa posted worse-than-expected results and Chevron warned that its income would be sharply lower in a disappointing to start to earnings season.
Alcoa Inc posted a narrower quarterly loss on Monday, but the results fell short of expectations and the aluminum producer's stock fell more than 5 percent.
U.S. stock index futures pointed to a lower open on Wall Street on Tuesday, with futures for the S&P 500 down 0.5 percent, Dow Jones futures down 0.5 percent and Nasdaq 100 futures down 0.6 percent.
U.S. technology stocks fell on Monday as investors took profits after the Nasdaq hit a 16-month high on Friday, while shares of industrials buoyed the broad market after strong Chinese economic data.
The value of Canadian building permits fell 4.6 percent in November from October, roughly in line with expectations, as a decline in nonresidential projects offset the ninth consecutive increase in housing permits.
Global investment in low-carbon energy dipped in 2009 after five years of annual increases fueled by a political response to climate change and high oil prices, a report found on Thursday.
Stock index futures fell on Wednesday, a day after the S&P 500 closed at a 15-month high, as investors braced for a private report on jobs that is a precursor to the closely watched government non-farm payrolls report due Friday
Shares of Japan Airlines fell nearly 7 percent on Wednesday after a newspaper said the carrier's main creditor and the finance ministry support bankruptcy as a way to restructure the heavily indebted airline.
Shares of Japan Airlines fell nearly 7 percent on Wednesday after a newspaper said the carrier's main creditor and the finance ministry support bankruptcy as a way to restructure the heavily indebted airline.