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  • US new home sales up 0.7 percent in October Wednesday, 26 Nov 2014 | 10:06 AM ET

    WASHINGTON— Sales of new U.S. homes edged up modestly in October, led by a big jump in activity in the Midwest. New home sales advanced 0.7 percent last month to a seasonally adjusted annual rate of 458,000, the Commerce Department reported Wednesday. In an encouraging sign, sales of existing homes rose 1.5 percent in October to a seasonally adjusted annual rate of...

  • US pending home sales slip in October Wednesday, 26 Nov 2014 | 10:00 AM ET

    WASHINGTON— The number of Americans signing contracts to buy homes fell slightly in October as tight credit and lagging wages remained financial hurdles for would-be homebuyers. The National Association of Realtors says its seasonally adjusted pending home sales index fell 1.1 percent the past month to 104.1. The index remains below its 2013 average but is...

  • US orders for durable goods up 0.4 percent Wednesday, 26 Nov 2014 | 8:37 AM ET

    WASHINGTON— Orders to U.S. factories for long-lasting manufactured goods rose in October, but a key category that tracks business investment plans declined sharply for a second straight month. Orders for durable goods increased 0.4 percent last month following a 0.9 percent drop in September and an even bigger 18.3 percent plunge in August, the Commerce...

  • Applications for US jobless aid jump to 313,000 Wednesday, 26 Nov 2014 | 8:34 AM ET

    WASHINGTON— The number of people seeking U.S. unemployment benefits jumped last week, pushing total applications above 300,000 for the first time in nearly three months. Weekly applications rose 21,000 to a seasonally adjusted 313,000, the Labor Department said Wednesday. That's the highest level since the first week of September.

  • US consumer spending up 0.2 percent in October Wednesday, 26 Nov 2014 | 8:34 AM ET

    WASHINGTON— U.S. consumers spent modestly more in October, a slight improvement after no gain at all in the previous month. The Commerce Department said Wednesday that consumer spending rose 0.2 percent last month, while September was revised from a decline to a flat reading. Income grew 0.2 percent in October.

  • WASHINGTON— US orders for durable goods up 0.4 percent in October, but investment category falls again.

  • WASHINGTON— Applications for US unemployment benefits top 300,000 for first time in nearly 3 months.

  • MOSCOW/ KIEV, Nov 26- In Russia, powerful friends helped him make a fortune. Russian government records reviewed for this article reveal for the first time the terms of recent deals between Firtash and Russia's Gazprom, a giant gas company majority owned by the state. According to Russian customs documents detailing the trades, Gazprom sold more than 20 billion...

  • Under pressure, U.S. EPA seeks tighter ozone standards Wednesday, 26 Nov 2014 | 7:36 AM ET

    WASHINGTON, Nov 25- The U.S. Environmental Protection Agency is proposing more stringent air quality standards for ground-level ozone, the main culprit in smog, the agency's chief said on Wednesday. The tougher standards would be closer to the proposal drafted in 2011 by former EPA Administrator Lisa Jackson, which was withdrawn by President Barack Obama...

  • Ahead of the Bell: US Unemployment Benefits Wednesday, 26 Nov 2014 | 7:02 AM ET

    WASHINGTON— The U.S. Labor Department reports on the number of people who applied for unemployment benefits last week. The report will be released Wednesday at 8:30 a.m. Eastern. BETTER JOB MARKET: Employers have added an average of 229,000 jobs a month this year, putting 2014 on pace to be strongest year for hiring since 1999. That's up from an average of 194,000...

  • 3 Reasons holiday shoppers will spend cautiously Wednesday, 26 Nov 2014 | 7:01 AM ET

    NEW YORK— Falling gas prices. "Retail therapy is out the window for most Americans," said Ken Perkins, president of RetailMetrics LLC, a research firm. In fact, the National Retail Federation forecasts holiday sales will grow 4.1 percent to $616.9 billion— the highest increase since 2011. But retailers already have had to resort to discounting to get shoppers into...

  • Ahead of the Bell: US durable goods Wednesday, 26 Nov 2014 | 6:53 AM ET

    WASHINGTON— The Commerce Department releases its October report on durable goods. The report will be issued at 8:30 a.m. EST Wednesday. The Institute for Supply Management reported that its closely watched gauge of manufacturing activity posted a solid gain to a reading of 59 in October, up from 56.6 in September.

  • Ahead of the Bell: US new home sales Wednesday, 26 Nov 2014 | 6:47 AM ET

    WASHINGTON— The Commerce Department reports on sales of new homes in October. The report will be issued Wednesday at 10 a.m. EST. In an encouraging sign, sales of existing homes rose 1.5 percent in October to a seasonally adjusted annual rate of 5.26 million, according to the National Association of Realtors.

  • Ahead of the Bell: US consumer spending Wednesday, 26 Nov 2014 | 6:37 AM ET

    WASHINGTON— The Commerce Department releases its October report on consumer spending. The report will be issued Wednesday at 8:30 a.m. EST. SPREADING IT AROUND: The forecast is that spending increased 0.3 percent in October, according to a survey of economists by FactSet, and that income increased 0.4 percent.

  • White House veto threat shelves possible tax plan Wednesday, 26 Nov 2014 | 3:25 AM ET

    WASHINGTON— A White House veto threat appears to have put on ice a congressional effort to permanently renew a handful of tax breaks for businesses and individuals. The White House immediately weighed in with a veto threat, saying Congress should also make permanent a top Obama administration priority: extending more generous tax credits for the working poor...

  • Obama's immigration move disappoints businesses Wednesday, 26 Nov 2014 | 2:58 AM ET

    WASHINGTON— President Barack Obama's executive actions on immigration left out some of the business community's top priorities, disappointing business leaders who might have stepped up to defend his policies in the face of Republican attacks. Business lobbyists contended that these and other "asks" were fairly modest to begin with, since all acknowledged...

  • Inclement weather affecting Thanksgiving travelers Wednesday, 26 Nov 2014 | 1:00 AM ET

    MINEOLA, N.Y.— One of the busiest, most stressful travel days of the year posed special challenges in the crowded Washington- to- Boston corridor as travelers on their way to Thanksgiving celebrations contended with a nor'easter packing rain and snow. Major northeast cities were likely to see moderate to heavy rain most of the day, though New York could see 1 to 4...

  • WASHINGTON, Nov 25- The Environmental Protection Agency is expected to propose on Wednesday more stringent air quality standards for ground-level ozone, the main culprit in smog, sources said. The tougher standards would be closer to the proposal drafted in 2011 by former EPA Administrator Lisa Jackson, which was withdrawn by President Barack Obama before...

  • AP sources: EPA to propose stricter smog standard Tuesday, 25 Nov 2014 | 8:38 PM ET

    The stricter standard makes good on a pledge President Barack Obama made during his first campaign for the White House and one of his first environmental actions as president: reversing a decision by President George W. Bush to set a limit weaker than scientists advised. The initial range of 60 to 70 parts per billion proposed by the EPA in January 2010 would make...

  • Figures on government spending and debt Tuesday, 25 Nov 2014 | 5:36 PM ET

    WASHINGTON— Figures on government spending and debt.