Business News

AP News - 29 mins ago

WASHINGTON (AP) — A fourth straight monthly increase in sales of existing homes provided the latest evidence Thursday that the U.S. housing market is rebounding from a weak start to the year.Housing has been a drag on an otherwise strengthening ...more

AP News - 34 mins ago

CHICAGO (AP) — Grain futures were mostly higher Thursday on the Chicago Board of Trade.Wheat for Dec delivery rose 5.5 cents to $5.555 a bushel; Dec corn was 1.5 cents higher at 3.69 a bushel; Dec oats were up 8.75 cents to $3.4825 a bushel; whi ...more

AP News - 49 mins ago

WASHINGTON (AP) — Bank of America's record $16.65 billion settlement for its role in selling shoddy mortgage bonds — $7 billion of it geared for consumer relief — offers a glint of hope for desperate homeowners.The settlement requires the second ...more

AP News - 1 hour ago

NELIGH, Neb. (AP) — Organizers say nearly all the $50 tickets for a Willie Nelson and Neil Young concert organized by opponents of the proposed Keystone XL pipeline have been sold.The group Bold Nebraska said in a statement Thursday more than 6, ...more

AP News - 1 hour ago

Only five challengers have signed up for the chance to take on software billionaire Larry Ellison's Oracle Team USA in the 2017 America's Cup.Organizers announced Thursday that Emirates Team New Zealand, Italy's Luna Rossa Challenge, Britain's B ...more

AP News - 1 hour ago

WASHINGTON (AP) — Average long-term U.S. mortgage rates declined this week, with the 30-year loan rate hitting its 52-week low.Mortgage company Freddie Mac said Thursday the nationwide average for a 30-year mortgage fell to 4.10 percent from 4.1 ...more

AP News - 1 hour ago

Family Dollar has rejected a takeover bid from dollar-store competitor Dollar General, saying it would be too hard for the deal to pass antitrust regulators. Family Dollar's board said it supports its existing deal to be acquired by Dollar Tree. ...more

AP News - 2 hours ago

NEW YORK (AP) — It's mid-August, and parents are scrambling to outfit their kids with backpacks, gadgets and jeans as the clock winds down toward the first day of school.But don't fret. This season, stores are offering new services and apps to c ...more

AP News - 2 hours ago

CINCINNATI (AP) — A Roman Catholic diocese in Ohio is discouraging its 113 schools from participating in the ice bucket challenge to benefit the ALS Association, saying the group's funding of embryonic stem cell research is "in direct conflict with Cat ...more

AP News - 3 hours ago

WASHINGTON (AP) — The government has reached a $16.65 billion settlement with Bank of America over its role in the sale of mortgage-backed securities in the run-up to the financial crisis, the Justice Department announced Thursday.The deal calls ...more