AP
Business News - AP

In this Nov. 17, 2009 photo, A 'sold' sign is seen outside a home in Los Angeles. October home sales are up 10.1 percent, beating expectations, as tax credit spurs sales. (AP Photo/Reed Saxon)

October sales gains lift hopes for housing market

16 minutes ago

WASHINGTON - First-time buyers seized on an expiring tax credit, low mortgage rates and falling prices to boost home sales in October to their highest level in 2 1/2 years.

  • In this Nov. 19, 2009 photo,Traders work on the floor at the New York Stock Exchange in New York.(AP Photo/Seth Wenig)
    Weak dollar, home sales data carry stocks higher 18 minutes ago

    NEW YORK - Investors halted stocks' three-day losing streak Monday, buying across the market on a range of factors including the weaker dollar and better-than-expected home sales numbers.

  • In this photo made Wednesday, Oct. 28, 2009, a Tyson Foods, Inc., truck is parked at a food warehouse in Little Rock, Ark. Tyson Foods, the world's largest meat producer, said Monday, Nov. 23, 2009, it lost money in its fiscal fourth quarter primarily on a hefty goodwill impairment charge.(AP Photo/Danny Johnston)
    Tyson Foods posts 4Q loss on charge, sales edge up 2 hours, 38 minutes ago

    MILWAUKEE - Tyson Foods Inc. said Monday a hefty impairment charge in its beef business left it with a loss for the fourth quarter, but said its sales rose and its chicken business was profitable for the second straight quarter.

  • Job seekers look over a list of jobs at an employment center in San Francisco, California November 20, 2009.  California's unemployment rate for October hit 12.5 percent, as the pace of job losses slowed in many U.S. states. REUTERS/Robert Galbraith  (UNITED STATES BUSINESS EMPLOYMENT)
    Economic survey: Job losses to bottom out in 1Q Mon Nov 23, 8:01 AM ET

    Economists expect the joblessness that has weighed down the nation's economic recovery will start to slowly abate in 2010, but they predict consumers will continue to keep a tight rein on spending, according to a new survey.

  • In this Oct. 14, 2009 photo, an air conditioner coil that has some corrosion at the home of James and Maria Ivory in Punta Gorda, Florida. The federal government says it finds a 'strong association' between problematic imported Chinese drywall and corrosion of pipes and wires, a conclusion that supports complaints by thousands of homeowners over the last year. (AP Photo/J. Meric)
    Feds find association between drywall, corrosion 7 minutes ago

    WEST PALM BEACH, Fla. - The federal government said Monday that it has found a "strong association" between problematic imported Chinese drywall and corrosion of pipes and wires, a conclusion that supports complaints by thousands of homeowners over the last year.

  • A can of Campbell's chicken noodle soup is shown at a grocery store in Palo Alto, Calif., Monday, Nov. 23, 2009. Campbell Soup Co. reported Monday that it increased its first quarter profit by 17 percent with the help of increased efficiency in getting its products from its plants to store shelves. (AP Photo/Paul Sakuma)
    Campbell Soup earnings rise as expenses fall 26 minutes ago

    MOUNT LAUREL, N.J. - Price-conscious grocery shoppers are being choosy about what they buy to cook at home, even from the value-oriented Campbell Soup Co.

  • FILE - In this Wednesday, Nov. 4, 2009, photo, a shopper pulls a credit card from her wallet to make a purchase at the checkout at the Best Buy in Mechanicsburg, Pa. For the first time in a decade, more people paid their credit card bills on time in the third quarter this year than in the second quarter.(AP Photo Carolyn Kaster)
    Late payments on credit cards drop in 3rd quarter 1 hour, 56 minutes ago

    NEW YORK - Consumers continue to take control of their debt as the delinquency rate on credit cards heads toward 1 percent.

  • Cadbury shares rise on report of Nestle interest Mon Nov 23, 9:48 AM ET

    LONDON - Shares in British chocolate maker Cadbury PLC hit their highest level in at least five years Monday on reports that another rival, Switzerland's Nestle SA, may make a takeover bid.

  • TV retailer QVC joins `Black Friday' frenzy 1 hour, 1 minute ago

    NEW YORK - Television retailer QVC has made aggressive plans to keep shoppers watching — instead of mall-hopping — on Black Friday, an event it has traditionally ignored.

  • GM wants gov'ts to help pay $4.9 bn restructuring 1 hour, 54 minutes ago

    BRUSSELS - General Motors Co. on Monday asked European governments to help pay most of the euro3.3 billion ($4.9 billion) it needs to restructure its struggling European operations.

  • A home stands for sale in July 2009 in the Brooklyn borough of New York City. A rush to cash in on tax incentives helped to push up sales of existing US homes by 10.1 percent in October giving momentum to the ailing sector, industry data showed Monday.(AFP/Getty Images/File/Spencer Platt)
    October home sales rise 10.1 pct from September 1 hour, 42 minutes ago

    WASHINGTON - Home sales surged for the second month in a row in October, climbing to the highest level in 2 1/2 years as first-time buyers rushed to take advantage of an expiring tax credit.

  • In this photo taken Nov. 20, 2009, a tanker truck makes a fuel delivery at a Little Rock, Ark., gas station. Oil prices rose above $78 a barrel Monday, Nov. 23, 2009, as Iran's war games, aimed at protecting its nuclear plants, deepened tensions in the oil-rich region.(AP Photo/Danny Johnston)
    Gas prices fall to begin busy travel week 2 hours, 2 minutes ago

    Retail gasoline prices headed downward to begin one of the country's busiest travel weeks, with more than 33 million people expected to hit the road for the Thanksgiving holiday.

  • IMF chief: Global economy still fragile Mon Nov 23, 8:51 AM ET

    LONDON - The international economy is still fragile and vulnerable to shocks despite recent improvements in financial markets, the managing director of the International Monetary Fund said Monday.

  • Oil prices retreated on Thursday one day after news of falling US energy inventories had sent them spiking above 80 dollars.(AFP/Getty Images/File/David McNew)
    Oil rises above $78 amid Iranian war games Mon Nov 23, 6:50 AM ET

    Oil prices rose above $78 a barrel Monday as Iran's war games, aimed at protecting its nuclear plants, deepened tensions in the oil-rich region.

  • The Mistral French amphibious assault ship/helicopter carrier/hospital ship  docks on the Neva River in downtown St. Petersburg, Russia, Monday, Nov. 23, 2009, with one of the city landmarks, St. Isaac's Cathedral, in the background. Russia is planning to buy a Mistral-class ship  worth 400-500 million euros (around $600-$750 million) from France.  Russian Navy and defense industry experts are  expected to inspect the ship during the visit. (AP Photo/Dmitry Lovetsky)
    France shows off cutting-edge navy ship in Russia Mon Nov 23, 9:50 AM ET

    ST. PETERSBURG, Russia - A cutting-edge French warship sailed into St. Petersburg Monday to show off its capabilities to potential buyers in the Russian navy, whose pursuit of an amphibious assault capacity is frightening some neighboring countries.

  • A South Korean currency trader passes by a screen showing the Korea Composite Stock Price Index (KOSPI) at the Korea Exchange Bank headquarters in Seoul, South Korea, Monday, Nov. 23, 2009. The KOSPI fell 1.55 points, or  0.10 percent, to close at 1,619.05 Monday. (AP Photo/Ahn Young-joon)
    World markets rally as gold strikes new high 1 hour, 32 minutes ago

    LONDON - World markets rose sharply Monday amid further hopeful signs about the global economic recovery. Commodity stocks led the charge, particularly in London, after gold hit another record high.

  • EADS execs on trial for alleged insider trading Mon Nov 23, 8:05 AM ET

    PARIS - Seventeen executives at Airbus parent company EADS went on trial Monday for allegedly making millions in profits on the back of their company's troubles with the delayed A380 superjumbo project.

  • Germany warns fellow EU gov'ts against GM jobs aid Mon Nov 23, 6:29 AM ET

    FRANKFURT - Germany warned fellow European governments on Monday against offering financial aid to General Motors Europe in exchange for job guarantees, hours ahead of a meeting in Brussels to discuss the future of the company.

  • Heritage Oil to sell Ugandan fields to Italy's Eni Mon Nov 23, 6:35 AM ET

    LONDON - British oil exploration company Heritage Oil PLC said Monday it has agreed to sell its stakes in two Ugandan fields to Italy's Eni SpA for up to $1.5 billion.

  • Senate Majority Leader Harry Reid of Nev. smiles during a health care reform news conference, Thursday, November 19, 2009, on Capitol Hill in Washington. (AP Photo/Lauren Victoria Burke)
    Schumer: Dems ready to go-it-alone on health care Mon Nov 23, 8:23 AM ET

    WASHINGTON - A leading Senate Democrat said Monday his party is determined to push through a health care overhaul bill with or without Republican support because the "system is broken."