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New construction of U.S. houses retreated in December, putting an end to a year in which builders broke ground on a record-low number of single-family homes, the Commerce Department estimated Thursday.
Housing starts fell 4.1 percent to an annualized rate of 679,000 last month, after a strong gain in November had put starts at their highest […]
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Federal Reserve Bank of Richmond President Jeffrey Lacker said the U.S. economy will expand at a
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The U.S. jobs recovery gathered pace as a measure of private-sector hiring surged in December and claims for unemployment benefits fell, suggesting the battered labor market may continue to strengthen in 2012.
The ADP National Employment Report’s December job tally of 325,000 surprised economists who had expected a gain of roughly half that size. It […]
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Fighting to win over unhappy American voters, President Barack Obama and his Republican challengers are seizing on one of the most potent issues this election season: the struggling middle class and the widening gap between rich and poor.
Highlighted by the Occupy movement and fanned by record profits on Wall Street at a time of stubborn […]
COLUMBUS, Ohio • The White Castle hamburger chain is sipping on the idea of selling alcoholic beverages at its restaurants.
The 90-year-old company is testing beer and wine sales at a location in Lafayette, Ind., that combines a traditional White Castle burger joint with a Blaze Modern BBQ, a new restaurant concept also being tried out.
“White […]
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U.S. stocks closed sharply lower Monday as bank shares took a beating amid fresh concerns about the debt crisis in Europe.
The Dow Jones industrial average () fell 100 points, or 0.8%, to end at 11,766. The S&P 500 () sank 14 points, or 1.2%, to 1,205. The Nasdaq () slid 32 points, or […]
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A new report claims a Russian lawyer who died in prison was tortured and deliberately denied medical treatment, and that the official investigation covered it up.
Sergei Magnitsky, who was arrested after accusing officials of corruption, died in November 2009 after the pancreatitis he developed in prison went untreated. Two prison doctors have been charged with […]
A Spanish savings bank has fired two directors and is investigating two former executives for allegedly syphoning off euro20 million ($26.5 million) into secret pension funds, the bank said Saturday.
The board of directors of Caixa Penedes bank had “required the departure” of its president, Ricard Pages, and director general Manuel Troyano. It said both men […]
The stock market was not exactly surprised that the so-called supercommittee failed to reach a deal to cut the deficit. But since summer, investors have sold at the first hint of trouble.
So on Monday, they sold big.
The Dow Jones industrial average lost almost 250 points after the special committee of Congress assigned to come up […]