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Jed Kolko, chief economist at Trulia, tells CNBC that the housing starts tumble is likely to be a blip and should recover next month.
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WASHINGTON, May 21- Top Internal Revenue Service officials told Congress on Tuesday they were unaware of the agency's targeting of conservative groups for extra tax scrutiny until recently and did not deliberately mislead lawmakers last year when they did not reveal the practice.
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WASHINGTON-- BioScrip Inc. traded higher Tuesday after an analyst issued a "Buy" rating on the company's stock, saying the specialty pharmacy benefit manager is well positioned for growth. THE BIG PICTURE: BioScrip distributes drugs used to treat chronic conditions including HIV, cancer, and the side effects of organ transplants.
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DETROIT, May 21- A boutique carmaker led by former General Motors Co executive Bob Lutz and China's largest auto parts supplier made an offer to buy cash-strapped "green" car company Fisker Automotive this month, people familiar with the matter said.
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NEW YORK-- Solar companies traded mostly higher on Tuesday as Yingli Green Energy Holdings Co. raised its first-quarter solar shipment forecast. Yingli's revised outlook comes one day after Chinese panel maker JA Solar Holdings Co. announced a rare rise in first-quarter revenue and a smaller-than-expected loss for the period.
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NEW YORK, May 21- Federal prosecutors on Tuesday charged a New York art dealer with tax fraud in connection with the sale of paintings she claimed to be the works of celebrated abstract expressionists, but some of which the government said were fakes.
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NEW YORK-- Hhgregg Inc.' s shares tumbled Tuesday after the electronics and appliance retailer reported a slightly better-than-expected fiscal fourth-quarter profit, but its revenue fell well short of Wall Street predictions. THE SPARK: Hhgregg said late Monday that it earned $9.9 million, or 31 cents per share.
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REDMOND, Wash., May 21- Microsoft Corp gave the world the first look at its new game console on Tuesday, hoping the newly named Xbox One will build on a solid core of gamer fans and become a hub for living room entertainment.
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*Colao says "very comfortable" with Verizon stake. LONDON, May 21- Vodafone boss Vittorio Colao staked his reputation on selling the group's prized stake in U.S. operator Verizon Wireless at the right time and right price, saying on Tuesday he would not bow to pressure to do any deal.
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After weeks of near-constant coverage of the big decision- will JPMorgan Chase shareholders keep Jamie Dimon as chairman and CEO or relegate him to just CEO? -the verdict came at JPMorgan's annual meeting in Tampa, Florida.
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DETROIT, May 21- A boutique carmaker led by a former General Motors Co executive Bob Lutz and China's largest auto parts supplier submitted an offer to buy cash-strapped "green" car company Fisker Automotive, people familiar with the matter said.
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May 21- NEW YORK/ WASHINGTON- Europe and the United States both said on Tuesday they were not holding coordinated talks to negotiate an end to a trade dispute with China over the dumping of solar panels onto their respective markets.
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*Follows Commission consultations with member states. BRUSSELS, May 21- The European Union wants to exempt state control of utilities and support for creative industries from free trade talks with the United States due to start next month, the latest draft of Brussels' negotiating mandate showed on Tuesday.
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*Bernanke to testify before Congress on Wednesday. NEW YORK, May 21- The U.S. dollar fell against the euro on Tuesday after St. Comments from Fed officials were closely watched ahead of Chairman Ben Bernanke's testimony to Congress on Wednesday.
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REDMOND, Wash., May 21- Microsoft Corp gave the world the first look at its new game console on Tuesday, hoping the newly named Xbox One will build on a solid core of gamer fans and become a hub for living room entertainment.
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ARLINGTON, Va.-- Shares of FBR& Co. rose Tuesday after the investment bank opened a modified "Dutch auction" tender offer to buy up to 1.25 million shares, or about 10.6 percent, of its outstanding common stock. The stock will be purchased for between $22.50 and $23.50 per share. FBR shares rose $1.39, or 6 percent, to $23.39 in afternoon trading.
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WASHINGTON _ National Association of Realtors releases existing home sales for April, 10 a.m. Eastern. WASHINGTON _ Federal Reserve releases minutes from April interest-rate meeting. WASHINGTON _ Federal Reserve Chairman Ben Bernanke testifies about the economy before the Joint Economic Committee.
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Boeing fell$. 29 or. 3 percent, to $98.43. Lockheed Martin Corp. rose$. 02 or percent, to $106.58. Northrop Grumman Corp. fell$. 37 or. 5 percent, to $81.24.
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Apple Inc. rose $1.89 or. 4 percent, to $444.82. Dell Inc. fell$. 01 or percent, to $13.41. Hewlett Packard Co. fell$. 02 or. 1 percent, to $21.16.
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Barrick Gold Corp. fell$. 26 or 1.3 percent, to $19.67. Gold Fields fell$. 12 or 2.0 percent, to $5.87. Newmont Mining Corp. fell$. 17 or. 5 percent, to $32.11.
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Caterpillar rose$. 01 or percent, to $88.34. Deere& Co. fell$. 32 or. 4 percent, to $87.73. Terex rose$. 51 or 1.5 percent, to $34.16.