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Business News
US new-home sales plummet in June
WASHINGTON (AP) -- Sales of new U.S. homes plunged in June, a sign that real estate continues to be a weak spot in the economy....
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Average US 30-year mortgage rate at 4.13 pct.
WASHINGTON (AP) -- Average U.S. long-term mortgage rates were stable to slightly higher this week, remaining near their lows for the year....
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Southwest reports record profit of $465M for 2Q
DALLAS (AP) -- Southwest Airlines is reporting a record profit for the second quarter, more than doubling its earnings from a year ago....
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IMF cuts US and global growth forecasts for 2014
WASHINGTON (AP) -- The International Monetary Fund foresees the global economy expanding less than it had previously forecast, slowed by weaker growth in the United States, Russia and developing economies....
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American Airlines boosts profit on higher revenue
FORT WORTH, Texas (AP) -- Profit and revenue are up at American Airlines, and the company will share some of the gains with shareholders....
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