WASHINGTON (AP) - U.S. sales of new homes rebounded in January to the fastest pace in more than five years, offering hopes that housing could be regaining momentum after a slowdown last year caused by rising interest rates.
Sales of new homes increased 9.
U.S. banks' earnings rose 17 percent in the October-December quarter from a year earlier, as losses on loans fell to a seven-year low and banks set aside less to cover losses as well as legal costs.
Target Corp. will be feeling the financial pain for a while from the theft of credit card numbers and other information from millions of its customers.
Lowe's fiscal fourth-quarter net income rose 6 percent, as the home-improvement retailer continued to benefit from the housing market's recovery.
European jetmaker Airbus Group said Wednesday record demand for its civilian jetliners from airlines around the world drove higher sales and profits last year.
U.S. consumer confidence fell slightly in February over concerns about the near-term outlook for business conditions and jobs.
U.S. home prices fell for the second straight month in December as brutally cold weather, tight supply and higher costs slowed sales.
Home Depot's fiscal fourth-quarter net income dipped 1 percent, hampered by bad winter weather and one less week in the period than a year ago.
Macy's Inc. reported an 11 percent increase in fourth-quarter profit, but its results missed Wall Street expectations as a string of winter storms chilled sales in January.
JPMorgan plans 8,000 layoffs this year as its mortgage and retail banking businesses shrink.
A new study at Boston University says people who shop on a tablet feel more attached to what they buy. Click "play video" above to watch the story.
Taco Bell is readying for the launch of its national breakfast menu on March 27, with items such as the A.M. Crunchwrap designed to appeal to its fan base of younger men. And the chain says breakfast will be available until 11 a.m. — a half-hour later than McDonald's offers its Egg McMuffins.
Taco Bell is readying for the launch of its national breakfast menu on March 27, with items such as the A.M. Crunchwrap designed to appeal to its fan base of younger men.
McDonald's is in the early stages of looking at whether it can make breakfast available later in the day.
EBay says it's sticking with PayPal, whether minority shareholder Carl Icahn likes it or not.