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Business News
Stocks creep higher after jobless claims drop
NEW YORK (AP) -- The U.S. stock market headed up in early Thursday trading as investors received more encouraging news on the economy. The slight gains come a day after the Federal Reserve signaled that it's in no rush to raise interest rates....
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Average US 30-year mortgage rate at 4.23 percent
WASHINGTON (AP) -- Average long-term U.S. mortgage rates surged this week, marking their largest one-week gain this year....
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Volatile apartment sector reduces US home building
WASHINGTON (AP) -- U.S. home construction plunged in August, led by steep decline in the volatile apartment category. But single-family house construction, a larger and more stable portion of the market, fell only modestly....
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Bayer to split off polymer division with IPO
BERLIN (AP) -- German pharmaceuticals and chemicals company Bayer AG said Thursday it plans to spin off its polymer division with a separate stock listing....
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US stocks buoyed after Fed continues low rates
NEW YORK (AP) -- U.S. stocks are opening higher a day after the Federal Reserve made clear it would keep interest rates at record lows for a while....
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