Archive for July 24th, 2008

The percentage of vacant homes available for sale remained relatively flat in the second quarter, but still hovered in record territory.

Renewed fears about the battered housing market and rising unemployment sent stocks into a tailspin Thursday.

Oil's on sale!

It took a small army of lawyers and about $200 million in legal costs, but Qualcomm finally struck a landmark agreement with phone giant Nokia.

Backers of the housing rescue bill have been trying to reassure skeptics in Congress by pointing to the bill's creation of a new world-class regulator for Fannie Mae (FNM) and Freddie Mac (FRE). But opponents doubt any watchdog will have enough teeth to keep the well-connected mortgage guarantors in line.

Sales of existing homes in June slowed more than expected and hit their lowest level in 10 years, according to an industry trade group report released on Thursday.

New York State Attorney General Andrew Cuomo Thursday brought a multi-billion dollar civil lawsuit against the Swiss banking giant UBS for allegedly pushing everyday investors into buying troubled auction-rate securities.

Ford Motor Co. announced plans to transform its vehicle lineup on Thursday and reported the largest quarterly loss in its 105-year history.

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