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Updated: 1 min 57 sec ago
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The luxury apartment buildings Yang Xuhua passes on her way to work are a daily reminder of her own frustrated efforts to buy a home. Prices for even modest apartments in Shanghai have soared, putting home purchases out of reach for white collar workers and professionals.
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Australian Home Loans unexpectedly fell 7.9 percent in January, marking the largest decline in nearly a decade, after the central bank raised interest rates while the government reduced cash handouts to first-time homebuyers.
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Bank of America customers will soon be unable to spend more than they have in the accounts linked to their debit cards. It's a step that may become a common move ahead of new regulations limiting overdraft fees.
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AUSTIN, Texas----Valence Technology, Inc. , a leading international energy system manufacturer, today announced that it received written notice on March 8, 2010 from The NASDAQ Stock Market indicating that the Company is not in compliance with the $1.00 minimum bid price requirement for continued listing on the NASDAQ Capital Market, as set forth in Listing Rule 5550.
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Shares of four companies that have received huge infusions of taxpayer cash soared Tuesday after a report that the government would sell its stake in Citigroup Inc. raised hopes that other bailed-out companies would follow.
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Toyota said Tuesday it will expand a recall announced last year to fix Tundra pickup trucks with frames that could rust and lead to spare tires falling from the vehicle.
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NEW YORK----Levi & Korsinsky is investigating the Board of Directors of Facet Biotech Corporation for possible breaches of fiduciary duty and other violations of state law in connection with their attempt to sell the Company to Abbott Laboratories .
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The highly anticipated first trailer for Summit Entertainment's THE TWILIGHT SAGA: ECLIPSE will be available to the media on Thursday, March 11 at 6:00 AM PST/9:00 AM EST via satellite . The 90 second trailer's contents are being kept under tight wraps until its debut. Prior to this, on Wednesday, March 10 a 10-second teaser of that trailer will be available at 6:00 AM PST/9:00 AM EST. The full trailer for THE TWILIGHT SAGA: ECLIPSE can also be seen in theatres in front of Summit Entertainment's REMEMBER ME, which also stars Robert Pattinson.
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Clothing retailer J. Crew easily beat expectations once again late Tuesday and gave rosy projections as consumers become more comfortable spending again. Sales at the upscale chain rose 19% the best gain in nine quarters in the fiscal Q4 to $460.6 million.
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European officials urged the U.S. to join in a crackdown on speculators who bet against Europe's currency union, warning they might ban some credit default swaps -- opaque financial instruments blamed for worsening the world financial crisis.
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The government sent investigators Tuesday to examine a Prius that sped out of control on a California freeway, and Toyota said it wanted to interview the driver as the besieged automaker dealt with a high-profile new headache that raised questions about the safety of its beloved hybrid.
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Drug and medical products company Abbott Laboratories said Tuesday it will buy Facet Biotech Corp. for about $450 million in cash, expanding the company's access to biotechnology drugs, including a potential treatment for multiple sclerosis.
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A high-ranking Toyota executive says the auto company's North American sales spiked around 50 percent the first eight days of March as incentives helped lure customers after a series of embarrassing safety recalls.
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A former television producer pressured by debt and riven by jealousy admitted Tuesday he tried to extract vengeance and money by shaking down David Letterman in a case that bared the late-night icon's affairs with staffers.
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Job openings rose sharply earlier this year, evidence that employers are slowly ramping up hiring as the economy improves.
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As the economy recovers, energy prices are rising and that is placing extra strain on families' budgets. Each spring brings a familiar ritual in gasoline markets -- rising prices -- and this year won't be an exception.
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A year after the stock market began its comeback from 12-year lows, investors are looking for the next big thing. Stocks have lost some of the momentum that propelled the Dow Jones industrial average up 4,017 points, or 61.4 percent, from its close of 6,547 on March 9, 2009.
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Chevron Corp. said Tuesday it will cut 2,000 jobs this year and sell some overseas operations as it revamps its struggling refinery, marketing and transportation operations.
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One year to the day after stocks fell to their worst close in more than 12 years, the U.S. market spent most of Tuesday spinning its wheels.