- US home sales slump further, close 2007 on sour note
- WASHINGTON (AFP) - US existing home sales fell 2.2 percent in December as the beleaguered housing market saw no relief from its woes, data releases Thursday showed. The National Association of Realtors reported an annualized sales pace of 4.89 mill...
- Author:UnknownDate:06/28/08Click:0 Full Story...
- U.S. existing home sales fell 2.2 pct in December
- WASHINGTON (Reuters) - The pace of existing home sales in the United States fell by 2.2 percent in December to a slower-than-expected 4.89 million-unit annual rate, the National Association of Realtors said in a report on Thursday. The inventory of...
- Author:UnknownDate:06/28/08Click:1 Full Story...
- New data cap dismal year for US housing market
- The US housing market closed the books on a dismal year on Thursday, recording a 2.2 per cent drop in the pace of existing home sales in December to an annual rate of 4.89m units, which was slower than expected. The consensus on Wall Street was tha...
- Author:James PolitiDate:06/28/08Click:0 Full Story...
- Wall St. jumps with tax-rebate deal, Qualcomm
- NEW YORK (Reuters) - Stocks rose on Thursday, after government leaders agreed on a plan for tax rebates to stimulate the U.S. economy and a healthy outlook from cell- phone chip maker Qualcomm helped drive the Nasdaq up sharply. Concerns that the e...
- Author:Caroline ValetkevitchDate:06/28/08Click:0 Full Story...
- Enron creditors seek remedies from benefits firm
- NEW YORK (Reuters) - Enron Corp creditors said on Thursday they have filed court documents seeking remedies from benefits outsourcing firm Hewitt Associates Inc (HEW.N) for mistakes made in allocating funds from legal settlements stemming from the en...
- Author:UnknownDate:06/28/08Click:0 Full Story...
- Greenspan disputes US recession signs
- The US economy may not be growing at all, but it is not yet clear that it is falling into recession, former Federal Reserve chairman Alan Greenspan has told the Financial Times. Mr Greenspan said: "The reason we have had this extraordinary vol...
- Author:Krishna GuhaDate:06/28/08Click:1 Full Story...
- Housing picture still dire, but labor market steady
- WASHINGTON (Reuters) - Sales of previously owned U.S. homes fell more than expected in December, ending a year that brought the sharpest housing slowdown since 1982 and the first annual drop in prices since the Great Depression. But as the economy...
- Author:Joanne MorrisonDate:06/28/08Click:0 Full Story...
- Tentative deal reached on economic package
- WASHINGTON (Reuters) - The White House and the Democratic-led Congress on Thursday reached a tentative deal on an economic stimulus package of tax rebates for families and incentives for business investment with a cost that a top Democrat said may ex...
- Author:Richard Cowan & Donna SmithDate:06/28/08Click:0 Full Story...
- Existing single-family home sales drop
- WASHINGTON - Sales of existing single-family homes plunged in 2007 by the largest amount in 25 years, closing out an awful year that saw median prices fall for the first time in at least four decades. The National Association of Realtors reported T...
- Author:MARTIN CRUTSINGERDate:06/28/08Click:1 Full Story...
- Bush, Congress strike deal on economic plan
- WASHINGTON (Reuters) - President George W. Bush and congressional leaders agreed on Thursday on a $150 billion package of tax rebates and business incentives meant to ward off a recession in the world's largest economy. The deal between the White H...
- Author:Richard Cowan & Donna SmithDate:06/28/08Click:0 Full Story...
- SKorea's economy accelerates in 4Q
- SEOUL, South Korea - South Korea's economic growth accelerated in the fourth quarter on strength in exports and manufacturing, the Bank of Korea said Friday, with economists expressing optimism the country can weather a possible global slowdown. Gr...
- Author:KELLY OLSENDate:06/28/08Click:0 Full Story...
- Proposed mortgage plan could aid markets
- WASHINGTON - A component of the government's tentative economic stimulus package announced Thursday would give an immediate lift to buyers and sellers in higher-priced housing markets. The package agreed upon by Democratic and Republican members of...
- Author:ALAN ZIBELDate:06/28/08Click:0 Full Story...
- No recession yet, Greenspan says
- HOUSTON - Former Federal Reserve Chairman Alan Greenspan said Thursday night the American economy is "clearly on the edge" of a recession, and he pointed to the depressed housing market as a primary culprit. In dinner remarks to about 1,10...
- Author:JOHN PORRETTODate:06/28/08Click:0 Full Story...
- Dow and Nasdaq slip on consumer spending worry
- NEW YORK (Reuters) - The Dow and Nasdaq slipped on Friday on concerns about consumer spending after an index of consumer sentiment fell to a 16-year low and retailer Best Buy (BBY.N) warned that shopper traffic dropped off after the holidays. The S&...
- Author:Jennifer CooganDate:06/28/08Click:0 Full Story...
- Economic woes reveal a long-felt unease
- Even when experts were declaring the economy healthy, many Americans voiced a vague, but persistent dissatisfaction. True, jobs were relatively plentiful over the last few years. It was easy to borrow and very cheap. The sharp rise in the value of ho...
- Author:ADAM GELLERDate:06/28/08Click:0 Full Story...
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