National News

Dec 1, 2015

US construction spending rises to highest level in 8 years

WASHINGTON (AP) — U.S. construction spending jumped in October, fueled by solid gains in home building and the largest increase in federal construction in nine years. The Commerce Department said […]

Nov 30, 2015

Fed moves to bar bailouts of failing firms

WASHINGTON (AP) — Federal Reserve officials have moved to prevent the central bank from bailing out failing companies, a power it exercised during the 2008 financial crisis. The Fed governors […]

Nov 29, 2015

No empty nest: Young women live like it’s 1940

Young women are living with their parents or relatives at a rate not seen since 1940 as more millennial women put off marriage, attend college and face high living expenses. […]

Nov 25, 2015

US new-home sales rebound in October after September plummet

WASHINGTON – Sales of new homes recovered in October after suffering a steep drop in September, indicating a return to stability in the housing market. The Commerce Department says new-home […]

Nov 24, 2015

US home sales slump in Oct. as higher prices weigh on buyers

WASHINGTON – Fewer Americans bought homes in October, a sign that rising home values may be pushing more would-be buyers to the real estate market’s sidelines. The National Association of […]

Nov 20, 2015

House launches probe of Rep. Pittenger but will defer to FBI

RALEIGH, N.C. (AP) — The House Ethics Committee said Thursday that it will delay a probe into Republican U.S. Rep. Robert Pittenger while federal authorities investigate his family’s business. The […]

Nov 19, 2015

Wells Fargo names Sloan president, chief operating officer

SAN FRANCISCO (AP) — Wells Fargo & Co. is naming a long-time company veteran its president and chief operating officer, a new position. The San Francisco-based bank said Tuesday that […]

Nov 19, 2015

Average US rate on 30-year mortgage slips to 3.97 percent

WASHINGTON (AP) — Average long-term U.S. mortgage rates edged slightly lower this week after two straight weeks of sharp increases. Expectations persist that the Federal Reserve may soon raise its […]

Nov 18, 2015

Oct. home construction slumps on fewer apartment buildings

WASHINGTON (AP) — Apartment construction plunged sharply in October, as the pace of homebuilding slipped amid a broader cooling of the real estate market. Housing starts — both houses and apartments— […]

Nov 17, 2015

Bill clears House to curb pay of CEOs of Fannie, Freddie

WASHINGTON (AP) — Legislation that has cleared the House would curb the pay of the CEOs of government-controlled mortgage giants Fannie Mae and Freddie Mac, overriding regulators’ approval of nearly […]

Nov 17, 2015

Home Depot beats Street 3Q forecasts on sales boost

NEW YORK (AP) — The Home Depot Inc. reported its profit rose 12.2 percent in its fiscal third-quarter as sales gained ground, fueled partly by a continued housing market recovery. Its […]

Nov 17, 2015

Consumer prices rise slightly in October

WASHINGTON (AP) — The costs of food, gasoline, shelter and medical care rose last month, yet inflation continues to run at low levels ahead of a December Federal Reserve meeting […]

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