Stocks finish choppy session slightly higher; Dow rises for 7th straight day to new 2009 highsNEW YORK — The stock market is running out of reasons to go higher. Stocks edge lower, shrugging off report showing fourth straight monthly increase in home salesNEW YORK — Stocks drifted Wednesday as positive reports on home sales and factory orders failed to galvanize buyers. Stock market recovers after report showing fourth straight monthly increase in home salesNEW YORK — Reports showing jumps in home sales and factory orders are keeping stocks afloat. New home sales in July surge 9.6 pct, beating expectations in fourth straight monthly increaseWASHINGTON — Sales of new homes surged 9.6 percent in July, another sign the housing market is climbing back from the historic bottom it reached early this year. Driven by falling prices, the fourth-straight monthly increase was greater than expected. Stocks edge lower in early trading after durable goods order report, breaking winning streakNEW YORK — Stocks edged lower in early trading Wednesday as investors awaited more data on the housing industry. Stock futures trading in narrow range after durable goods order report, ahead of housing dataNEW YORK — Stock futures were trading in a narrow range Wednesday after the governmnet reported a bigger than expected increase in overall orders to U.S. factories. Stock futures modestly lower ahead of durable goods, home sales reportsNEW YORK — Stock futures were modestly lower Wednesday as investors prepare for a key reading on orders to U.S. factories and the latest in a series of housing reports as the government releases data on new home sales. July new home sales expected to rise for 4th straight month, durable goods seen up 3 percentWASHINGTON — Americans’ pessimism about the economy appears to be lifting, with consumer expectations for the next six months hitting their most positive point since the recession began. And a national gauge of home prices has posted its first quarterly increase in three years. Fed observers mostly welcome Bernanke’s reappointment but say he should build a new legacyWASHINGTON — Analysts, lawmakers and the financial industry generally reacted positively to news that Ben Bernanke would be re-nominated as Federal Reserve chairman. But some offered a dose of constructive criticism. Obama announces plan to keep Bernanke as chairman of Fed to continue economic recoveryOAK BLUFFS, Mass. — President Barack Obama announced Tuesday he wants to keep Ben Bernanke on as Fed chairman, saying he shepherded America through the worst economic crisis since the Great Depression. Happy with his work, Obama reappoints Ben Bernanke for second term as head of Federal ReserveOAK BLUFFS, Mass. — President Barack Obama has announced he wants Ben Bernanke to get a second four-year term as head of the Federal Reserve, praising his “calm and wisdom” in the face of a near financial collapse. AP source: Obama plans to keep Bernanke as chairman of Fed to continue economic recoveryOAK BLUFFS, Mass. — President Barack Obama plans to reappoint Ben Bernanke to a second term as chairman of the Federal Reserve, a position from which he guided the economy away from its worst recession since the 1930s and, the White House hopes, toward an economic recovery critical to its legacy. World stock markets jump after Fed chairman’s comments, housing data; Tokyo up over 3 pctHONG KONG — World stock markets jumped Monday as upbeat comments from the Federal Reserve’s chairman and signs the U.S. housing industry was healing strengthened confidence in a global recovery. Asian stock markets jump on Fed chairman’s comments, housing data; Tokyo soars over 3 pctHONG KONG — Asian stock markets jumped Monday as upbeat comments from the Federal Reserve’s chairman and signs the U.S. housing industry was healing strengthened confidence in a global recovery. Solution or just deja vu? Wall Street has new way to turn mortgage debt into AAA bondsWASHINGTON — Wall Street may have discovered a way out from under the bad debt and risky mortgages that have clogged the financial markets. The would-be solution probably sounds familiar: It’s a lot like what got banks in trouble in the first place. Asian stock jump on Bernanke comments, home salesHONG KONG — Asian stock markets jumped Monday as upbeat comments from the Federal Reserve’s chairman and signs the U.S. housing industry was healing strengthened confidence in a global recovery. Shares of homebuilders rise as July home sales surge, Bernanke says economy near recoveryNEW YORK — Shares of homebuilders climbed Friday after the National Association of Realtors said homes sales surged in July, while Federal Reserve Chairman Ben Bernanke said the U.S. economy is on the cusp of a recovery. Cities, states promote last-minute negotiations to ease rising tide of foreclosuresLOUISVILLE, Ky. — Peter and Gina Fochtman sat stone-faced at the courtroom table. Across from them was the man who could determine their family’s future: an attorney for the bank trying to foreclose on their home. Stocks surge after Bernanke declares economy on verge of recovery, home sales jumpNEW YORK — Federal Reserve Chairman Ben Bernanke said what investors wanted to hear, that the economy is indeed on the verge of recovery, and they responded with a rally that sent the major indexes to new highs for the year. Home resales soar 7.2 percent in July; largest monthly increase in 10 yearsWASHINGTON — The U.S. housing market is rebounding faster than expected. Stocks open higher ahead of comments from Fed chairman, housing reportNEW YORK — Investors are taking a few more chances on the stock market Friday, sending stocks moderately higher for a fourth straight day ahead of comments from Federal Reserve Chairman Ben Bernanke and a report on housing. Summary Box: Layoffs drive foreclosures to new record in 2nd quarterWHAT HAPPENED?: A quarterly report released Thursday by the Mortgage Bankers Association found that more than 13 percent of American homeowners with a mortgage have fallen behind on their payments or are in foreclosure. Delinquencies and foreclosures set record in 2nd quarter, driven by prime loan defaultsWASHINGTON — With the recession throwing thousands of people out of work daily, more than 13 percent of American homeowners with a mortgage have fallen behind on their payments or are in foreclosure. Customer files lawsuit against Wells Fargo over reductions in home equity lines of creditNEW YORK — The banking unit of Wells Fargo & Co. is facing a lawsuit claiming it illegally reduced the size of customers’ home equity lines of credit. Construction of US homes rises in July, giving the economy a boostWASHINGTON — At least the market for new homes isn’t getting worse anymore, and that’s the first step to getting better. Real estate tracking firm says Southern California median home price ticks up in JulyLOS ANGELES — The median home price in Southern California increased about 1 percent in July from June, marking a third consecutive month-to-month gain, a tracking firm said Tuesday. TransUnion data shows number of homeowners 2 months past due on mortgages hit new high in 2QNEW YORK — The delinquency rate on U.S. mortgage loans hit an all-time high in the second quarter, but the pace of growth for the rate slowed, a possible sign the mortgage crisis may be beginning to turn the corner. TransUnion data shows mortgage delinquencies up in last 3 months of 2008 for 8th straight qtrCHICAGO — The number of people who were late making their mortgage payments shot up 53 percent in the fourth quarter of 2008 from the same period in 2007, according to data provided by TransUnion LLC. NY attorney general targets Long Island loan foreclosure rescue firmUNIONDALE, N.Y. — New York’s attorney general is suing a foreclosure rescue company and its owner, claiming they engaged in deceptive business practices and false advertising. Unexpected drop in July retail sales, rise in new jobless claims point to strained recoveryWASHINGTON — Retail sales disappointed in July and the number of newly laid-off workers filing claims for unemployment benefits rose unexpectedly last week. The latest government reports reinforced concerns about how quickly consumers will be able to contribute to a broad economic recovery. |
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