Money And Markets

Latest national business news

Stocks rise following drop in jobless claims

Stocks rose in light volume Wednesday following a drop in weekly unemployment claims to the lowest level of the year and a rise in new home sales.

Nov 25, 2009 | 9:45 am

Tiffany raises outlook as 3Q profit comes in ahead

Strong overseas sales and cost-cutting kept a decline in Tiffany & Co.'s third-quarter profit to a bare minimum, causing the luxury jeweler to raise its full-year profit outlook heading into the crucial holiday season.

Nov 25, 2009 | 9:35 am

Weekly jobless claims drop below 500,000

The unemployment rate has surpassed 10 percent for the first time since 1983 _ and is likely to go higher.

Nov 25, 2009 | 9:30 am

Rates on 30-year mortgages match record low

Freddie Mac reports that average rates for 30-year fixed mortgages have matched a record low of 4.78 percent this week.

Nov 25, 2009 | 9:25 am

New US home sales rise 6.2 percent

Sales of new homes rose last month to the highest level in more than a year as strong activity in the South made up for weakness in the rest of the country.

Nov 25, 2009 | 9:20 am

Deere reports 4Q loss on charges, lower sales

Deere and Co. lost $223 million in the fourth quarter, reflecting big charges and a 28 percent slump in sales as demand for tractors, combines and construction equipment sagged amid the global economic downturn.

Nov 25, 2009 | 8:10 am

Durable goods orders fall unexpectedly in October

Orders for big-ticket factory goods fell unexpectedly in October as the economy struggles to get back to full health.

Nov 25, 2009 | 7:40 am

Consumers log stronger-than-expected spending rise

Consumers got back in the buying mood in October as their incomes grew modestly, an encouraging sign for the budding economic recovery.

Nov 25, 2009 | 7:40 am

Oil rises above $76 amid dollar's decline

Oil prices rose above $76 a barrel Wednesday as the dollar weakened and investors awaited data on the U.S. economy and crude inventories.

Nov 25, 2009 | 6:05 am

Beijing Autos says will reevaluate Saab bid

The Chinese automaker that had joined with Koenigsegg Automotive AB in bidding to buy Saab said Wednesday it regrets the Swedish luxury sports car maker's decision to drop the deal and will reconsider its own stance.

Nov 25, 2009 | 5:25 am

More Money And Markets