Homebuilder D.R. Horton Inc., saw new home orders spike 26 percent from a year ago in the latest quarter as buyers raced to close deals and take advantage of a federal tax credit. But a wider-than-anticipated loss fueled by write-downs sent shares tumbling more than 15 percent Friday.
WASHINGTON (AP) — In a sharp improvement, more than half of U.S. states added jobs in October, though economists said many of the gains likely occurred in temporary employment.
NEW YORK (AP) — Investors can't shake their fears that the economy isn't keeping up with the stock market.
NEW YORK (AP) — Former Vivendi CEO Jean-Marie Messier told a jury Friday he made mistakes in his troubled bid to turn the French water company into a global media giant, but he never misled shareholders about the risks.
NEW YORK (AP) — The U.S. is finally becoming a nation of savers. Now if only we could get something for our money.
WASHINGTON (AP) — Florida banking regulators on Friday shut down Commerce Bank of Southwest Florida, marking the 124th U.S. bank to succumb this year to the struggling economy and rising loan defaults.
BOSTON (AP) — JPMorgan Chase & Co. said Friday it is dropping a clause from its credit card contracts that required disputes with customers to be handled through binding arbitration, a move that could lead to consumers filing class-action and other lawsuits.
PORTLAND, Ore. (AP) — J.M. Smucker Co. nearly tripled its profit in the second quarter as the addition of Folgers coffee gave a jolt to its lineup and lower commodity prices for coffee beans and other items fattened its profit margins.
NEW YORK (AP) — Natural gas prices have dropped by more than 12 percent in the past month as the country continues to sip at its energy reserves and a balmy November allowed homeowners to leave the heat off.
BRUSSELS (AP) — European Union regulators said Friday that they have extended until Jan. 27 a deadline to wrap up their antitrust review of Oracle Corp.'s planned $7.4 billion takeover of Sun Microsystems Inc.
