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KB Home 4Q net income falls but tops Street’s view

December 22, 2011 • BusinessComments Off

This Dec. 18, 2011 photo, shows the framework of a new structure in a KB Home community, in Balch Springs, Texas. KB Home’s fiscal fourth-quarter net income fell 20 percent on rising expenses, but its performance beat analysts’ expectations and revenue climbed on an increase in home deliveries and a higher average selling price. (AP [&hellip...

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Reid to Boehner: OK compromise payroll tax cut now

December 21, 2011 • Business, National NewsComments Off

House Speaker John Boehner of Ohio walks of the floor of the House chamber on Tuesday, Dec. 20, 2011, in Washington. The House rejected legislation to extend a payroll tax cut and jobless benefits for two months, drawing a swift rebuke from President Barack...

Journalist: Morgan must have known about hacking

December 21, 2011 • Business, World NewsComments Off

Piers Morgan, host of CNN’s “Piers Morgan Tonight,” leaves the CNN building in Los Angeles, Tuesday, Dec. 20, 2011. A tense and sometimes hostile Piers Morgan refuses to disclose details about the most damning link between himself and...

ECB lends banks $639 billion over 3 years

December 21, 2011 • Business, World NewsComments Off

European Central Bank President Mario Draghi speaks during a meeting of the Economic and Financial Committee at the European Parliament in Brussels on Monday Dec. 19, 2011. The ECB has faced calls to step up its bond-buying program in an effort to stem the...

EU court upholds carbon trade plan for aviation

December 21, 2011 • Business, World NewsComments Off

FILE – In this Jan. 9, 2010 file photo, an airplane lifts off at Berlin’s Tegel airport during snowy and stormy weather. The European Union’s highest court upheld on Wednesday, Dec. 21, 2011 the EU’s right to impose its cap-and-trade...

Stocks soar on Europe hopes, strong housing starts

December 20, 2011 • Business, National NewsComments Off

Traders Gerard Farco, left, and Richard Cohen, right. work on the floor of the New York Stock Exchange Tuesday, Dec. 20, 2011. Stocks are surging after the opening bell following encouraging signs out of Europe and a jump in apartment building in the U.S. (AP...

Housing starts and permits surge; levels still low

December 20, 2011 • Business, National NewsComments Off

In this Nov. 22, 2011 photo, construction worker Will Capper works on a new house in Palo Alto, Calif. A surge in apartment construction gave builders more work in November. But 2011 is still shaping up to be one of the worst years in history for...

Saab files for bankruptcy after Chinese deal fails

December 19, 2011 • Business, World NewsComments Off

Kristina Geers, Saab’s lawyer, and Victor Muller, Saabs Managing Director, deliver the company’s bankruptcy application to Vänersborgs district court Monday Dec 19 2011. Sweden’s Saab Automobile filed for bankruptcy on Monday after attempts...

US stocks open higher; E.U. finance heads to meet

December 19, 2011 • BusinessComments Off

In this Dec. 9, 2011 photo, trader Robert McQuade, right, works on the floor of the New York Stock Exchange. European markets edged tentatively higher Monday, De. 19, 2011, stabilizing after losses in Asia, as investors weighed the potential consequences of...

Full ban on driver calls could be tough to enforce

December 16, 2011 • BusinessComments Off

A driver uses a cellphone while driving Wednesday, Dec. 14, 2011, in Los Angeles. The National Transportation Safety Board declared Tuesday that texting, emailing or chatting on a cellphone while driving is just too dangerous to be allowed anywhere in the...