Massive government budget cuts set to go into effect March 1 would be, "deeply destructive" to all aspects of the housing market, US Secretary of Housing and Urban Development Shaun Donovan told a Senate panel last week. Here's why.
After a morning filled with false starts and confusion, office supply retailers Office Depot and OfficeMax on Wednesday announced a deal approved by the boards of both companies.
Groundbreaking to build new homes fell in January but new permits for construction rose to a 4 1/2-year high, reinforcing expectations the housing market will support economic growth. An inflation indicator, meanwhile, remained tame.
The head of U.S. tire maker Titan launched a vitriolic attack on French productivity after the country’s government suggested he buy a factory in the north of France.
Evidence of cyberstealing linked to the Chinese government is prompting the Obama administration to develop more aggressive responses to the theft of U.S. government data and corporate trade secrets.
Toll Brothers, the largest luxury home builder in the U.S., reported first-quarter results well below analysts' estimates, hurt by lower selling prices and higher costs.
Yahoo is renovating the main entry into its website in an effort to get people to visit more frequently and linger for longer periods of time.
David Einhorn's hedge fund has shown a "likelihood of success" if his legal attack against Apple goes forward, a U.S. judge said, though he made no ruling on fund's request to block a shareholder vote on a proxy proposal.
Payment processor Total System Services said it will buy prepaid debit card provider NetSpend Holdings for about $1.4 billion in cash.
Accusations by a U.S. computer security company that a secretive Chinese military unit is likely behind a series of hacking attacks are scientifically flawed and hence unreliable, China said on Wednesday.
Applications for U.S. home mortgages fell for a second straight week as both refinancing and loan requests for new mortgages eased last week, an industry group said on Wednesday.
Engineers working at Boeing approved the planemaker's latest contract offer in a vote on Tuesday, likely paving the way for a full agreement as Boeing attempts to focus its resources on fixing battery problems on its 787 Dreamliner.
President Obama painted a picture of immediate devastation from spending cuts set to take effect March 1, but other officials anticipate more gradual reductions, the New York Times.
With the Federal Aviation Administration's grounding of the 787 Dreamliner fleet in its fifth week, Boeing now faces a problem of where to store the airplanes that continue to roll off the assembly line, the NYT reports.
Bank of America CEO Brian Moynihan got a 73% pay increase in 2012, when the bank resolved crisis-era lawsuits and its stock was one of the sector's top performers.
At the end of the day, the doves rule the roost at the Fed, but expect to hear more hawkishness in Wednesday's release of the Fed meeting minutes.
On Tuesday, CNBC will attempt to recreate the test drive of the Tesla Model S, which has been the subject of a dustup between an NYT reviewer and Tesla’s CEO. Regardless of the outcome, 2013 is shaping up to be as watershed year for the automaker.
Dell reported a 31-percent drop in profit, hurt by a shrinking consumer business, but the results topped analysts' expectations. This came just over a week after founder Michael Dell offered to take the company private.
After a battle royale over Herbalife stock between titans Bill Ackman and Carl Icahn, the numbers are in: Herbalife's earnings and 2013 outlook topped forecasts.
An Apple smartwatch could add as much as $9 billion in revenue in the first 12 months after its launch, said Amit Daryanani, RBC capital markets analyst.