NewsWatch: July new-home sales fall to record low pace


NewsWatch: July new-home sales fall to record low pace

Sales of new homes in the United States fell to all-time record low in July, as demand from consumers has dried up after tax breaks for homebuyers expired in April, the Commerce Department estimated Wednesday. (18 mins ago)

NewsWatch: U.S. stocks drop on economic malaise, off for week

Shares decline on light summer-trading volumes, sending the Dow to its second consecutive week of losses as concerns about economic growth weigh on investor sentiment. (3 hours ago)

NewsWatch: U.S. stocks post losses as growth worries linger

U.S. stocks limp to a small loss, capping a rough week that has seen the major indexes back into the red for the year on renewed signs of slowing economic growth. (2 hours ago)

NewsWatch: G-20 leaders to discuss economy

The U.S., Europe and other G-20 countries are expected to spend Saturday and Sunday sparring over the proper timing for withdrawing fiscal stimulus packages, the need to rebalance global growth and the necessity for banks to hold more capital as a cushion against future economic disasters. (6 hours ago)

NewsWatch: Toyota president apologizes, vows diligence

SAN FRANCISCO – Toyota’s president, in a performance watched closely around the world, offered lawmakers and his biggest market a dramatic mea culpa Wednesday, putting his storied family’s honor on the line as he vows to restore luster to the automaker’s tarnished brand. (4 mins ago)

NewsWatch: Tiger Woods taking ‘indefinite break’ from golf

The star golfer says he’s decided to take an indefinite break? from professional golf, asking for time and privacy as he deals with personal problems relating to his infidelities. (4 hours ago)

NewsWatch: U.S. stock market disheartened by weak spending

The stock market’s enthusiasm over the government’s cash for clunkers? program wanes in the face of data suggesting consumers have exchanged old cars for newer models only at the expense of other retail spending. (4 hours ago)

NewsWatch: PepsiCo to buy 2 largest bottlers for $7.8 billion

Beverage and snack foods giant PepsiCo Inc. agrees to buy Pepsi Bottling Group Inc. and PepsiAmericas Inc. for a total of $7.8 billion in cash and stock. (2 hours ago)

NewsWatch: U.S. stock-index futures gain ahead of GDP report

U.S. stock-index futures add to gains Friday ahead of the release of second-quarter U.S. gross domestic product data. (2 hours ago)

NewsWatch: Lewis: Fed asked us to delay any Merrill break-up

The chief executive of Bank of America tells lawmakers that government officials pressed him to buy Merrill Lynch even after he became aware of major losses at the investment bank. (8 mins to go)