Economy

US new home sales drop less than expected in June, raising faint hopes for less bleak future

iht.com     2 hrs ago   212 related          

Sales of new homes fell in June for the seventh time in the past eight months, but the decline was less than had been expected, raising faint hopes that the severe U.S. housing recession could be approaching a bottom. The...                

Senate readies housing bill for passage

upi.com     1 hr ago   641 related          

WASHINGTON, July 25 (UPI) -- The U.S. Senate Friday pushed along a broad housing package that sponsors say would help mortgage holders and communities hit by the mortgage crisis. The 80-13 cloture vote means the bill likely...                

U.S. stocks trim gains on Freddie, Fannie downgrade

marketwatch.com     2 hrs ago   371 related          

NEW YORK (MarketWatch) -- U.S. stocks on Friday pared gains after Standard & Poor's Rating Services put mortgage buyers Fannie Mae and Freddie Mac on CreditWatch Negative, dimming cheer over crude's decline and upbeat economic...                

Minimum Wage Gets Second Boost After Decade of Roadblocks

groundreport.com     4 hrs ago   340 related          

by Mike Hall, Jul 24, 2008, Some 13 million low-wage U.S. workers got a pay raise today when the federal minimum wage rose from $5.85 to $6.55 an hour. The pay hike was the second step of the three-step minimum wage increase...                

J. Alexander's Corporation Reports Results for Second Quarter and First Half of 2008

primenewswire.com     8 hrs ago   769 related          

NASHVILLE, Tenn., July 25, 2008 (PRIME NEWSWIRE) -- A summary of the results for the second quarter of 2008 compared to the second period of 2007 follows: * Net sales increased 0.1% to $34,767,000 from $34,742,000. * Commenting...                

Stocks end higher following economic readings

usatoday.com     26 mins ago   83 related          

By Tim Paradis, AP Business Writer NEW YORK — Stocks closed out the week with a moderate gain after better-than-expected economic data placated a market pummeled a day earlier by concerns about housing and the financial sector....                

Somerset Hills Bancorp Reports Earnings and a Quarterly Cash Dividend of $0.05 Per Share

primenewswire.com     7 hrs ago   313 related          

BERNARDSVILLE, N.J., July 25, 2008 (PRIME NEWSWIRE) -- Somerset Hills Bancorp (Nasdaq:SOMH) reported net income for the quarter and six months ended June 30, 2008. For the quarter ended June 30, 2008, net income was $367,000,...                

Zimbabwe: Economy Biggest Challenge At Talks

allafrica.com     1 hr ago   1,115 related          

PRESIDENT Robert Mugabe and leaders of the two MDC formations, Morgan Tsvangirai and Arthur Mutambara, on Monday signed a Memorandum of Understanding (MoU) setting the agenda for full-scale talks to resolve the country's...                

Oil falls $5 for the week

cnn.com     1 hr ago   468 related          

Crude sinks Friday as investors consider new home sales and stronger consumer sentiment, as well as concerns about falling U.S. demand. Paste this link into your favorite RSS desktop reader See all CNNMoney.com RSS FEEDS By...                

New drop in home sales hits stocks

signonsandiego.com     3 hrs ago   104 related          

NEW YORK – Wall Street abruptly ended an earnings-driven rally and closed sharply lower yesterday after a steeper-than-expected decline in sales of existing homes and worries about the financial sector chilled the market's...                

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