Archive for the 'Business' Category

Surprise rebound in housing, outlook still shaky (AP)

Workers build a new home in Palo Alto, Calif., Wednesday, May 7, 2008. Construction of new homes posted the biggest increase in more than two years in April, a rare spot of good news amid the worst downturn in housing in more than two decades.  (AP Photo/Paul Sakuma)AP - Construction of new homes increased by the biggest percentage in more than two years in April, a rare spot of good news amid the worst downturn in housing in more than two decades.


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admin on May 17th 2008 in Business

Stocks pare losses to finish mixed after oil spikes (AP)

Traders work on the floor of the New York Stock Exchange, April 29, 2008. (Brendan McDermid/Reuters)AP - Wall Street capped a week of big gains with modest moves Friday as investors grappled with surging energy prices that overshadowed news of a surprise increase in home construction.


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admin on May 17th 2008 in Business

Treasurys fall amid more anxiety about inflation (AP)

AP - Treasurys fell Friday after rising oil prices had investors worrying about inflation's impact on fixed-income returns.

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admin on May 17th 2008 in Business