Most interesting finance and busines news.
Home prices in 20 U.S. cities dropped in March to the lowest level since 2003, showing housing remains mired in a slump almost two years into the economic recovery.
The S&P/Case-Shiller index of property values in 20 cities fell 3.6 percent from March 2010, the biggest year-over-year decline since November 2009, the group said today […]
From the United States to Europe and even to booming China, the global economy is showing signs of strain.
Most major economies are expected to keep growing. But evidence is mounting that many around the world are struggling to expand as fast as they did last
European governments are struggling with debts and squeezing budgets. Britain’s economy […]
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Orders for U.S. durable goods dropped more than forecast in April, reflecting a slump in aircraft demand and disruptions in supplies of auto parts stemming from the earthquake in Japan.
The 3.6 percent decrease in bookings for goods meant to last at least three years was the biggest since October and followed a 4.4 percent […]
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The Obama administration said Tuesday it is buying more than 100 Chevrolet Volts and other electric cars as it moves to improve fuel efficiency of the government’s massive fleet of cars and trucks.
The plan by the General Services Administration to buy 116 plug-in electric cars marks the government’s first purchase of road-ready electric vehicles, a […]
Groupon is adding 150 employees a month at its U.S. headquarters and trains them in a church because the conference rooms at its headquarters aren’t big enough. Ideeli has crammed so much electronic equipment into its New York office that the power goes out every day.
And at LivingSocial, well, the living is a little too […]
Italy’s Treasury said it will “intensify” structural changes in the economy and push ahead with measures to balance the budget by 2014 after Standard & Poor’s said its debt rating is at risk of a downgrade.
“With regard to the economy, the government has initiated and will intensify its reforms; in regard to the budget, […]
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The European Central Bank’s chief economist said a Greek debt restructuring would be a “recipe for catastrophe” as he blamed “vested interests” in Britain and the United States for fueling market pressure on the country.
Juergen Stark told a financial conference in Greece Wednesday that the struggling eurozone country’s “debt sustainability is insured” if it fully […]
Treasury Secretary Timothy Geithner is telling Congress that he will halt investments in two big government pension plans Monday to allow the government to continue borrowing money for the next few months.
Geithner says the government will reach its $14.3 trillion borrowing limit on Monday. Republicans have held back supporting an increase in the borrowing limit, […]
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