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Sales of US Existing Homes Slip to a 20-Month Low

FINANCE | By Christopher S. Rugaber | Wednesday Apr 23, 2014
Sales of existing U.S. homes slipped in March to their lowest level since July 2012 as rising prices and a tight supply of available homes discouraged many would-be buyers.

IRS Audits Less than 1 Percent of Big Partnerships

FINANCE | By Stephan Ohlemacher | Apr 22
The Internal Revenue Service audits fewer than 1 percent of large business partnerships, according to a government report. That means some of Wall Street’s largest hedge funds and private equity firms are largely escaping close scrutiny by the IRS.

Average US 30-Year Mortgage Rate Falls to 4.27 Pct

FINANCE | Apr 21
Average US rates on fixed mortgages fell la week for the second straight week as the spring home-buying season begins. Mortgage buyer Freddie Mac said that the average rate for the 30-year loan fell to 4.27 percent from 4.34 percent the previous week.

Why High Oil Prices Are Good For Airlines

FINANCE | By Scott Mayerowitz | Apr 20
Airline executives frequently complain about fuel costs. But the truth is higher prices actually have been good for business.In the past six years, airlines have overhauled the way they operate to adjust to this new reality.

Roofers installing a roof on a new construction home in Pepper Pike, Ohio.

US Home Building Up in March After Frigid Winter

FINANCE | By Paul Wiseman | Apr 17
U.S home construction rose moderately in March as builders resumed work at the end of a frigid winter. But applications for building permits slid, clouding the outlook for future construction.

Barack Obama

Report Projects Health Care Costs to Dip Slightly

FINANCE | By Andrew Taylor | Apr 16
The Congressional Budget Office predicts that health insurance subsidies under the so-called "Obamacare" plan will total a little more than $1 trillion over the next 10 years, instead of almost $1.2 trillion initially estimated.

Average US 30-Year Mortgage Rate Down to 4.34 Pct.

FINANCE | Apr 11
Average U.S. rates on fixed mortgages declined this week, edging closer to historically low levels as the spring home-buying season begins.

Dr. Salomon Melgen, posing for a photo at the book signing of "Growing American Roots", a book by Sen. Robert Menendez, D-N.J., at the college in Miami.

Top-Paid Medicare Doctors Say They Have Reasons

FINANCE | By Richardo Alonso-Zaldivar, Serdar Tumgoren | Apr 10
Explanations for eye-popping numbers from Medicare’s massive claims database ranged from straightforward to what the government considers suspicious, as the medical world confronted a new era of scrutiny.

US Consumer Borrowing Up $16.5 Billion in February

FINANCE | By Martin Crutsinger | Apr 9
Consumers increased their borrowing in February on autos and student loans by the largest amount in a year. But for a second straight month, they cut back on their credit card use.

US Stocks Rise for the First Time in 4 Days

FINANCE | By Steve Rothwell | Apr 8
Stocks mostly rose Tuesday as investors picked up stocks that had been beaten down recently, including big technology names like Facebook and Google. The market was stabilizing after a three-day slump.

Get Rich Quick Scheme Backfires: Malawi Man Loses Penis to Hyena

FINANCE | By EDGE | Apr 6
A get rich quick scheme backfired when a Malawi man following the instructions of a witch doctor who promised him wealth lost three toes and his penis to a hungry hyena.