Builders rushed to start homes in November, with that key measure of the housing recovery enjoying a huge one-month jump. Housing starts grew at an annual pace of 1.09 million, up nearly 30% from a year ago.
Groundbreaking on new homes was 26.9% higher in November than one year earlier, and 22.7% higher than in October, the Commerce Department said on Wednesday, indicating that the housing market continues to recover.
U.S. stocks were little changed, following the fifth drop in six days for the Standard & Poor's 500 Index, before Federal Reserve policy makers announce whether they will slow the pace of their monthly bond-buying program.
CHICAGO - Boeing is promoting Dennis A. Muilenburg to president and chief operating officer. Muilenburg, who is 49 years old, currently serves as the aircraft company's executive vice president and president and CEO of its defense, space and security ...
ADM's decision, announced Wednesday, was widely expected, though the company had been seeking a package of tax incentives from state government to guarantee that it remain in Illinois.