More than one million homes are now in foreclosure, the highest rate ever recorded, according to a trade group which warned Thursday that the crisis will continue to worsen.
Hewlett-Packard's research into new imaging technology produced an unexpected bonus - transparent electronics that can be used to generate green energy.
Americans saw their net worth decline by $1.7 trillion in the first quarter - the biggest drop since 2002 - as declines in home values and the stock market ravaged their holdings.
Stocks surged late Thursday, with the Dow jumping over 180 points, as investors embraced a surprise dip in weekly jobless claims, stronger-than-expected May retail sales and a merger in the telecom sector.