WASHINGTON - An index of home prices in big metro areas has reached its lowest level since 2002, driven down by foreclosures, a glut of unsold homes and the reluctance or inability of many to buy. Full Story »
Most Viewed - Business
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Home-price index falls to lowest point since 2002
AP – 8 mins ago -
Report questions official Haiti quake death toll
AP – Mon May 30, 8:45 pm ETPORT-AU-PRINCE, Haiti - Far fewer people died or were left homeless by last year's devastating earthquake than claimed by Haitian leaders, a report commissioned by the U.S. government has concluded — challenging a central premise behind a multibillion-dollar aid and reconstruction effort. Full Story »
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Consumer confidence falls unexpectedly in May
AP – 1 hr 25 mins agoNEW YORK - Americans are losing faith that the economy will keep improving, according to a monthly survey. Full Story »
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Mystery explosives rattle Ikea stores in Europe
AFP – 2 hrs 23 mins agoBRUSSELS (AFP) - Police scrambled for clues Tuesday after booby-trapped packages exploded at three Ikea stores in Belgium, France and the Netherlands, with no one claiming responsibility for the acts. Full Story »
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KKR plans to buy Academy Sports
AP – Tue May 31, 11:11 am ETNEW YORK - The buyout firm Kohlberg Kravis Roberts & Co. LP said Tuesday that it has agreed to buy a majority stake in Academy Sports + Outdoors, a privately held sporting goods retailer with locations throughout the Southeast. Full Story »
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Lower jobless rate reflects benefits end: Fed
Reuters – 2 hrs 34 mins agoCHICAGO (Reuters) - As much of a quarter of the recent decline in the U.S. jobless rate is due to long-term unemployment benefits running out, according to research from the Chicago Federal Reserve Bank published on Tuesday. Full Story »
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Oil spill, blast hit crippled Japan nuclear plant
AP – Tue May 31, 11:52 am ETTOKYO - An oil spill and a small explosion have caused limited damage — but no further radiation leaks — at the crippled nuclear power plant in northeastern Japan, the plant operator said Tuesday. Full Story »
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EON to sue Germany over nuclear tax
AFP – 2 hrs 27 mins agoBERLIN (AFP) - Germany's largest energy company EON said Tuesday it would sue the government over plans to maintain a tax on spent fuel rods despite the intention to do away with nuclear plants by 2022. Full Story »
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Military Families Find Signs of Progress in the Fight Against Financial Exploitation
The Motley Fool – Mon May 30, 8:39 pm ETMilitary members and their families sacrifice a great deal to keep America safe. Full Story »
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Data clouds recovery's prospects
Reuters – 1 hr 25 mins agoNEW YORK (Reuters) - Data showing a double-dip in home prices, pessimistic consumers and a slowdown in regional manufacturing raised concerns on Tuesday that the economy's soft patch could become protracted. Full Story »
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Samsung to stick with Google for its tablets
AFP – Tue May 31, 8:57 am ETSEOUL (AFP) - Samsung Electronics will depend on Google's Android mobile-device software to run future versions of its tablet computers, a senior Samsung official said in an interview published Tuesday. Full Story »
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US stocks rise on hopes for new Greek aid package
AP – Tue May 31, 12:14 pm ETNEW YORK - New hopes that a deal would be reached for Greece to avoid defaulting on its debts sent stocks higher Tuesday. The market gave up some of its gains following a surprise drop in U.S. consumer confidence. Full Story »
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Lagarde in Brazil charm offensive for top IMF post
AFP – Tue May 31, 6:20 am ETBRASILIA (AFP) - France's Christine Lagarde sought to rally support for her bid to lead the International Monetary Fund, promising on a visit to Brazil to "deepen" reforms at the institution. Full Story »
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Oil climbs above $102 on weaker US dollar
AP – Tue May 31, 7:30 am ETOil prices climbed above $102 a barrel Tuesday as talk of more financial aid for Greece helped weaken the U.S. dollar and traders worried about turmoil in Libya and the Middle East. Full Story »
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Nokia shares plunge after profit warning
AP – Tue May 31, 11:30 am ETHELSINKI - Nokia Corp. on Tuesday warned its second-quarter sales and margins will be much lower than expected as rivals challenge the world's largest handset maker in both smartphones and low-end devices. Full Story »
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Iran oil output 'may drop drastically by 2015'
AFP – Mon May 30, 9:00 am ETTEHRAN (AFP) - Iran's oil production may fall to 2.7 million barrels per day within five years unless 150 billion dollars is invested in its energy sector, a top official said in a report on Monday. Full Story »
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Oil up 2 percent on weaker dollar, gas prices down
AP – Tue May 31, 12:03 pm ETNEW YORK - Oil rose about 2 percent Tuesday after a sharp drop in the dollar and reports of pipeline problems in the Midwest. Full Story »
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Sony to restore most PlayStation services this week
AFP – Tue May 31, 12:49 am ETTOKYO (AFP) - Sony said Tuesday it plans to restore by this weekend PlayStation Network services worldwide except in Japan, Hong Kong and South Korea, after being targeted in a massive online attack in April. Full Story »
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