TOANO, Va. — Lumber Liquidators is refuting a “60 Minutes” report that raised health concerns about some of its laminate flooring products and pushed its stock price to its lowest level in more than two years. In a Monday filing ...Read More »
WASHINGTON — The U.S. economy slowed more sharply in the final three months of the year than initial estimates, reflecting weaker business stockpiling and a bigger trade deficit. The Commerce Department said Friday that the economy as measured by the ...Read More »
WASHINGTON — The number of Americans signing contracts to buy homes rose at a healthy pace in January, a sign that home sales are poised to accelerate after a slow start to the year. The National Association of Realtors said ...Read More »
WASHINGTON — Sales of new U.S. homes were basically flat in January, evidence that recent job gains and relatively low mortgage rates have yet to spur the real estate market. The Commerce Department said Wednesday that new home sales slipped 0.2 percent ...
Tagged with: Commerce Department new home salesRead More »
NEW YORK — Morgan Stanley said Wednesday that it has agreed to pay $2.6 billion to settle with the federal government over its role in the mortgage bubble and subsequent financial crisis. The settlement makes Morgan Stanley the latest Wall ...
Tagged with: Morgan Stanley settlement $2.6 billionRead More »
WASHINGTON — Average long-term U.S. mortgage rates have edged up for a third straight week while remaining near their historically low levels reached in May 2013. Mortgage company Freddie Mac said Thursday the nationwide average for a 30-year mortgage rose ...
Tagged with: average US mortgage ratesRead More »
WASHINGTON — Sales of new U.S. homes were basically flat in January, evidence that recent job gains and relatively low mortgage rates have yet to spur the real estate market. The Commerce Department said Wednesday that new home sales slipped ...Read More »
WASHINGTON — The number of Americans seeking unemployment benefits fell sharply last week, a sign that a recent string of strong job gains may continue. Weekly applications for unemployment aid dropped 21,000 last week to a seasonally adjusted 283,000, the ...Read More »
WASHINGTON — Federal Reserve officials struggled last month to assess when economic data might prompt them to raise interest rates from record lows — and how best to convey their intentions to investors. Minutes of the Fed’s Jan. 27-28 meeting ...
Tagged with: Federal Reserve interest ratesRead More »
WASHINGTON — U.S. homebuilders slowed the pace of construction in January, breaking ground on fewer single-family houses ahead of the spring buying season. Housing starts slipped 2 percent to a seasonally adjusted annual rate of 1.07 million last month, down ...Read More »