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Home prices are hitting new depths in most major U.S. cities and are expected to fall further over the next six months.
In a majority of metro areas tracked by Standard & Poor’s/Case-Shiller, prices have fallen to their lowest points since the housing bubble burst.
High unemployment, stricter lending rules and fears that prices will continue to […]
The head of Boeing’s commercial airplanes division says the company hopes to announce a delivery schedule for its 787 aircraft within two weeks, but getting federal approval for fixes to the problem-plagued plane will be key.
Jim Albaugh, Boeing’s president and CEO for airplanes, said Wednesday that Boeing needs the Federal Aviation Administration “to agree to […]
Asian stock markets fell in light trading Friday, led lower by automakers after officials in China, the world’s biggest auto market, announced plans to sharply limit new vehicle registrations in traffic-congested Beijing.
“Carmakers have had a good past year or two,” said Ben Kwong, chief operating officer at KGI Securities. But now, auto sales “have created […]
Canadian Finance Minister Jim Flaherty said weak U.S. growth, not his country’s strengthening currency, is the biggest threat to Canada’s economic recovery.
Flaherty, the dean of Group of Seven finance ministers, oversees an economy that Pacific Investment Management Co. calls a battleground between the “old normal” and “new normal” forces of the global economy. While […]
China’s auto sales powered ahead in November, jumping 27 percent to 1.7 million vehicles as car buyers rushed to beat expected increases in license plate fees in some cities.
The rebound after a slowdown during the summer pushed sales for the year to 16.4 million vehicles, up 34 percent from the year before, the government-affiliated China […]
The speculators who are betting that Ireland won’t pay its sovereign debts on time, and who are thereby driving up the spread on Irish bonds, will be proven wrong and will lose money.
All political parties have come together to accept that tough steps must be taken to bridge the gap between spending and revenue […]
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The Phoenix Coyotes hockey team will begin selling 20- and 11-game packages to existing ticket holders Wednesday and to the general public on Friday.
Prices for 20-game plans range from $19 per ticket in the upper level to $260 a game near the ice at Jobing.com Arena in Glendale. Prices for 11-game plans range from $23 […]
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For deep-pocketed plutocrats purchasing trophy homes, times are good. There is a glut of mega-mansions on the market — at deep discounts.
On Realtor.com alone there are currently 6,610 listings of houses with interiors larger than 10,000 square feet.
"Buyers are not used to having this amount of inventory," said Russ Filice, an agent […]
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3M Co. said Tuesday that it’s acquired Dailys, a British maker of disposable protective clothing used in the workplace.
Dailys, which employs 26 people at its location in Ellesmere Port, England, primarily makes chemical protective coveralls for industrial use.
Financial terms of the deal were not disclosed.
“This acquisition supports our strategic direction by broadening our protective apparel […]
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A new report card on the travel industry finds customer satisfaction improved across five sectors, but warns they may be short-lived, particularly for airlines.
The American Customer Satisfaction Index, released by the University of Michigan Tuesday, showed airlines, restaurants, hotels, fast food and express delivery services all grew in customer satisfaction. Airline customers were 3 percent […]
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