Sales of new homes rose in April to the second highest level since the summer of 2008 while the median price for a new home hit a record high, further signs that housing is recovering.

By Lucia Mutikani. WASHINGTON | Thu May 23, 2013 11:28am EDT. WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits fell more than expected last week, pointing to resilience in the labor market despite ...

Concern the Federal Reserve is poised to reduce its program to stimulate the U.S. economy hit European financial markets hard after causing turmoil in Asia.

sergio marchionne elon musk. Sergio Marchionne, left, the CEO of Chrysler Group and Fiat, isn't happy by the claim of Tesla CEO Elon Musk that Tesla is the first automaker to repay all of its loans.

Wed May 22, 2013 10:34pm EDT. * HSBC flash PMI dips to 7-month low on weak demand. * Raises worries on growth outlook this year. * Government may tolerate a slower growth for reforms.

WASHINGTON--The International Monetary Fund's board remains confident Christine Lagarde can carry out her duties as managing director effectively despite French authorities planning to question her Thursday as part of a criminal probe.

Thu May 23, 2013 11:37am EDT. * Weak Chinese factory, euro zone sentiment data hit global stock markets. * Bernanke's comments on reducing bond-buying weigh on markets.

U.S. stocks were trading lower Thursday, as the Dow Jones Industrial Average recently shed 84 points to 15224, the Standard & Poor's 500-stock index lost 14 points to 1642, and the Nasdaq Composite fell 20 points to 3443.

DAYTON, Ohio (AP) - Most large and medium-sized cities in Ohio lost population over the past two years, even as many cities across the country saw gains, according to new U.S.

Marathon Oil Corp. (MRO) said it has ended talks with a prospective buyer of the company's 20 percent stake in the Athabasca Oil Sands Project in Canada without reaching an agreement.