When Maulit Shelat heard about the Bush administration's plan to pump up the economy by sending out stimulus checks, he sat down with his wife and drew up a list of priorities: first up, remodeling the bathroom.
A California man who has defaulted on nine homes and expects banks to foreclose on all of them, forcing him into bankruptcy, says he now considers it a mistake to have invested in the real estate market.
With stimulus checks going out to taxpayers, Wall Street wants to know where that money will be spent — and this week’s data could help investors gauge the mindset of the average consumer.
After slashing inventory and cutting expenses, the retail industry is still bracing for the largest overall quarterly profit decline in at least nine years when merchants report their first-quarter earnings this week.
United Auto Workers President Ron Gettelfinger said Saturday he thought the union had been close to a contract deal to end a strike against American Axle — until the auto parts supplier offered a proposal that included closing three plants.
Dipping its left wing, a canary-yellow biplane makes a sharp turn and dives over a flooded field, showering rice on the shallow water fifteen feet below.
Israelis got a first demonstration Sunday of the electric car that developers hope will revolutionize transportation in the country and serve as a pilot for the rest of the world.
A person with knowledge of the situation says cable TV provider Cablevision Systems Corp. is close to buying the Long Island newspaper Newsday from Tribune Co. for $650 million.
The 2008 Dodge Challenger began rolling off the assembly line Thursday into an uncertain market that could embrace the nostalgic muscle car or reject it for its gas-guzzling excess.
Even before yanking the Yahoo offer, Microsoft's Steve Ballmer had begun laying the groundwork for a strategy to compete with Google in online advertising.
Oil rose above $126 a barrel for the first time Friday as investors questioned whether a possible confrontation between the U.S. and Venezuela could cut exports from the OPEC member.
The funds that pay pension and health benefits to police officers, teachers and millions of other public employees across the country are facing a shortfall that could soon run into trillions of dollars.
Toyota sent a stark message to the car-making world Thursday, signaling that it is not immune from the contagion infecting the North American automobile market.
Reuters - Retail sales barely rose in April, as a relentless surge in gasoline prices made consumers cut back other types of spending, according to a report released on Monday.
Reuters - International Lease Finance Corp, a unit of American International Group , is worried by the insurer's financial troubles and mulling a split from it, the Wall Street Journal said on Monday, citing people familiar with the matter.
Reuters - A House committee has started investigating speculation in energy markets, with plans to hold hearings in May and June, the Wall Street Journal said on Monday, citing a Democratic aide and several other people invited as witnesses.
Reuters - Tribune Co is close to an agreement to sell its Newsday newspaper to Cablevision Systems Corp and an announcement could come as early as Monday, a source familiar with the situation said on Sunday.
Reuters - Japanese precision equipment maker Nikon Corp (7731.T) said on Monday its annual operating profit rose 32.5 percent thanks to sales of its advanced cameras and chip-making equipment, but its outlook fell far short of expectations.
AP - China's inflation rebounded in April to near decade-high levels, adding to pressure on Beijing to cool rapid price rises and avert possible unrest ahead of the Summer Olympics, according to official data reported Monday.
AP - Despite extensive efforts to educate workers about saving for retirement, many employees are not doing a good job of managing their company-sponsored 401(k) accounts, a new study indicates.
AP - After slashing inventory and cutting expenses, the retail industry is still bracing for the largest overall quarterly profit decline in at least nine years when merchants report their first-quarter earnings this week.
