U.S. stock indexes ended up pretty much where they started on Thursday after markets surged a day earlier to record highs. The market gained the most in more than two months Wednesday after the Federal Reserve said it was trimming its stimulus efforts.
Shares of Facebook have slipped 1.6% in morning trading after the social network announced it would offer 70 million shares for sale.
WASHINGTON (Reuters) - The Obama administration warned Congress on Thursday that the government could run out of borrowing authority needed to help pay its bills as soon as February if lawmakers do not swiftly raise the federal debt ceiling.
Ocwen Financial Corp., the biggest non-bank in the mortgage-servicing industry, will provide $2.1 billion in relief for homeowners to settle regulators' claims over abuses in its handling of borrowers' loans.
Previously (ETSLTOTL) owned U.S. home sales declined for the third consecutive month in November to the lowest level of the year as rising mortgage rates and a limited supply of properties discouraged buyers.