Nobel-winning economist Kenneth J. Arrow dies at 95
PALO ALTO, Calif. (AP) — Kenneth J. Arrow, the youngest-ever winner of a Nobel prize for economics, whose theories on risk, innovation and the basic mathematics of markets have influenced thinking on everything from voting to health insurance to high finance, has died. He was 95.
Americans buy existing homes at fastest pace in a decade
WASHINGTON (AP) — Americans shrugged off rising mortgage rates and bought existing homes in January at the fastest pace since 2007. That has set off bidding wars that have pushed up prices as the supply of available homes has dwindled to record lows.
Japanese Nissan executive tapped to replace Ghosn as CEO
TOKYO (AP) — Carlos Ghosn, who leads Nissan and Renault, has tapped Hiroto Saikawa, a veteran Japanese executive at Nissan, to replace him as chief executive at the Japanese automaker, although Ghosn will stay on as chairman.
Security breach at Kennedy Airport unnerves some travelers
BOSTON (AP) — A breach that allowed 11 people to walk through an unattended security checkpoint lane at one of the nation's busiest airports has some travelers scratching their heads about how this could happen even with the enhanced security measures put in place after the Sept. 11 terror attacks.