Oil Prices Surge, Shatter Previous Record
Oil prices surged more than $3, shattering a previous record in a spike near $128 a barrel as robust global demand for distillates continued to pull energy futures higher.
Housing Posts Surprising Rebound In April
Construction of new homes posted the biggest increase in more than two years in April, a rare spot of good news amid the worst downturn in housing in more than two decades.
GE Plans To Exit Appliance Business
General Electric Co. says it plans to sell or spin-off its century-old appliance business. The industrial conglomerate said Friday the move is part of an ongoing plan to exit "slower growth and more volatile businesses."
CBS To Buy CNet Networks For $1.8B
CBS Corp. says it has agreed to buy online technology news and entertainment company CNet Networks Inc. for about $1.8 billion.
Carl Icahn Leads Yahoo Shareholder Revolt
Billionaire activist investor Carl Icahn has confirmed he is launching a proxy battle to remove Yahoo's board of directors.
GM Nears Deal To End Monthlong Strike
General Motors Corp. and a local union reached a new labor agreement that could end a monthlong strike at a Michigan plant which makes some of GM's hottest selling vehicles.
U.S. Home Foreclosures Keep Rising
More U.S. homeowners fell behind on mortgage payments last month, driving the number of homes facing foreclosure up 65 percent versus the same month last year and contributing to a deepening slide in home values, a research company said.
How To Vacation For Less This Summer
Sure, gas and food prices are high, but it's still possible to escape this summer. By concentrating on ways to save, you'll find yourself at the beach or in the mountains for less than you think.
Retail Sales Take Expected Dip In April
Consumers, battling soaring gasoline prices and a slumping economy, cut back further on their spending in April. The Commerce Department reported that retail sales dipped 0.2 percent last month, right in line with economists' expectations.
