US new home sales jump to highest in 2 years

Americans bought new homes last month at the fastest pace in more than two and a half years, adding to other recent evidence that the housing market is steadily recovering…

California jobless rate dips below 10 percent

California’s jobless rate dipped below 10 percent last month for the first time since the recession began…

US jobless rate falls to 7.7%

The drop, however, was largely due to the fact that more discouraged Americans stopped looking for work and weren’t counted as unemployed…

New urban development in San Jose’s Midtown

There is a groundbreaking ceremony for a new urban development site in San Jose’s Midtown Area today, which will bring in revenue for the city government…

Citigroup to eliminate over 11,000 jobs

Citigroup says it will eliminate more than 11,000 jobs as it looks to cut expenses and improve efficiency…

Republicans’ new fiscal offer

Republicans in the House of Representatives proposed a new 10-year, $2.2 trillion blueprint for avoiding the looming “fiscal cliff.”…

China output of Japanese vehicles tumbles

Chinese vehicle production from Toyota and other major Japanese automakers tumbled in October amid a territorial dispute between the two Asian powers…

Shanghai stock index: 45-month low

Stock prices in Shanghai continued to slide after Tuesday’s close below 2,000 points, and the Shanghai Composite Index continued its downward trend…

Fiscal cliff impact on homeowners

Unless congress acts by year end, capital gains taxes will go up for homeowners with a lot of equity in their homes. Selling now can make a big difference…

Online shopping surges in US holiday season

Americans were expected to spend $1.5 billion, up 20 percent from last year on Cyber Monday, as retailers have expanded their deals to get shoppers to click on their websites…