Lennar, nation's No. 3 builder by revenue, reported its fourth straight quarterly loss and warned that conditions in the housing market continue to worsen due to a glut of homes on the market and ongoing problems in the mortgage market
Oil prices rose to near $106 a barrel Thursday after soaring more than $4 in the previous session as lower U.S. fuel inventories and the further depreciation of the dollar spurred buying
U.S. foreclosures rose 8% in January compared to December and nearly 57% from January 2007, RealtyTrac reported on Tuesday. Nevada, California, Florida posted the top state foreclosure rates, it added.
Citigroup reported on Monday that the Abu Dhabi Investment Authority will invest $7.5 billion in the U.S. largest bank, offering needed capital to offset huge losses from mortgages and some other investments
Retail investors in Northern Rock Plc would be asked to invest about 770 pounds in the company if a proposed Richard Branson-led rescue of the stricken mortgage bank proceeds
Oil prices declined Monday on a widening belief that OPEC ministers will agree to raise crude production during a meeting next week. The falling dollar helped limit crude’s decline
The dollar hit new record lows against the euro and a basket of currencies on Thursday amid a growing belief that the U.S. Federal Reserve will cut interest rates again next month
The nation's retailers want shoppers to spend less time eating turkey and stuffing on Thanksgiving and more time shopping - whether it's online or on land
U.S. Treasury Secretary Henry Paulson told journalists that the number of potential U.S. home-loan defaults will increase significantly in 2008 as compared with 2007 year
The dollar fell to a record low against the euro and a basket of major currencies on Wednesday after the Federal Reserve reported U.S. growth was likely to slow in 2008, underscoring market expectations for more monetary easing
Crude oil prices increased above a record $99 per barrel on Wednesday as worries about inadequate winter supplies in the Northern Hemisphere and news of refinery problems stoked bullish sentiment
When central bankers in the Middle East report they have no plans to end their fixed exchange rates to the dollar, the currency market hears the opposite
The President of Iran Republic Mahmoud Ahmadinejad said Sunday that OPEC's members are interested in converting their cash reserves into a currency other than the depreciating U.S. dollar, which he called a "worthless piece of paper."
Top investors in the automotive industry painted a grim picture on Sunday for the sector in 2008, with one executive predicting a possible slump in U.S. sales to levels not seen in 15 years