Home sales continue to improve

Home sales ended a difficult year on a high note, resulting in a gain in full-year sales volume.
The National Association of Realtors reported that […]

Egypt’s Islamists secure 75 percent of parliament

Egypt’s election commission and political groups say final results from the country’s first elections since the ouster of Hosni Mubarak show Islamist parties winning nearly […]

Carnival stock, profits hit from cruise disaster

Shares of Carnival plummeted in U.S. trading Tuesday after the cruise line operator said it may suffer a more than $100 million hit to […]

Novartis to cut nearly 2,000 U.S. jobs

The Swiss drugmaker Novartis is cutting nearly 2,000 jobs in the United States, anticipating the impending loss of patent protection on its blockbuster drug […]

Chile wildfires kill 6 firefighters, 1 missing

Shifting winds caused flames to sweep over a group of firefighters battling wildfires in Chile on Thursday, killing six of them, badly burning two and […]

Amgen says CEO Kevin Sharer will retire in 2012

Amgen Inc., the world’s largest biotech drugmaker, says Chairman and CEO Kevin Sharer will retire in 2012 and will be replaced by President and Chief […]

CEOs of big companies foresee no pickup in hiring

Two-thirds of chief executives of the largest U.S. companies don’t plan to hire in the next six months, mainly because of sluggish growth in the […]

Trade deficit shrinks for fourth straight month

The U.S. trade deficit narrowed in October to its lowest point of the year as Americans bought fewer foreign cars and imported less oil. Exports […]

Cutting deficits harder than just talking about it

The coming year-end spending spree after so much debate over budget deficits shows just how hard it is to stem the government’s flow of red […]

Death toll from Thailand’s floods tops 600

The death toll from Thailand’s worst flooding in more than half a century has passed 600.
The floods began in late July, fed by heavy monsoon […]