Business

Drop in home sales, tumbling oil weigh on stocks

NEW YORK (AP) -- A surprising decline in home sales and another sharp drop in oil prices are driving investors to sell stocks....

Home sales drop 2.7 percent

WASHINGTON (AP) -- Home resales dipped unexpectedly last month after a four-month streak of gains, providing evidence that the housing market recovery remains fragile....

Fed scales back 2 emergency lending programs

WASHINGTON (AP) -- The Federal Reserve on Thursday said it is further scaling back two emergency lending programs as the economy improves....

Oil heads lower with supply of crude on the rise

Oil prices fell sharply Thursday for a second straight day as growing supplies of crude, gasoline and heating oil exposed how badly the recession has cut into energy demand....

AP Source: Citi retail plan focuses on 6 markets

NEW YORK (AP) -- Citigroup Inc. appears to be shifting its strategy in its U.S. retail banking business, focusing on its strongest markets rather than trying to expand across the country....

 
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