Existing Home Sales at Highest Level in Over 3 Years
iStockphoto/Thinkstock(WASHINGTON) — Sales of existing homes rose 0.6 percent in April to an annual rate of 4.97 million units. Sales are up nearly 10 percent over the past year.“The market is in a solid recovery,” says Walter Malony of th…
Before Storm Strikes, Take Inventory of Your Stuff
iStockphoto/Thinkstock(NEW YORK) — Dramatic scenes of tornado-wrought devastation and wrecked properties in Oklahoma this week are another potent reminder to renters and homeowners all across the country to take an inventory of everything they own bef…
AAA: Nearly 35 Million Americans Traveling Memorial Day Weekend
Jupiterimages/Thinkstock(NEW YORK) — Close to 35 million Americans will mark the unofficial start of summer this Memorial Day weekend by hitting the road, a new forecast from AAA shows.The automobile group projects 34.8 million people will travel 50 m…
Virgin America Rated Top Airline in “Consumer Reports” Survey
Virgin America(NEW YORK) — Planning on taking a vacation soon? You may want to consider booking your flight with Virgin America.
The carrier is listed as the top-rated airline in a new Consumer Reports survey.
“Virgin America got very high…
Selling Your Pension for Cash Lump Sum Can Be Costly
Adam Gault/Thinkstock(NEW YORK) — For somebody who’s facing doctor bills or has missed a mortgage payment, selling your pension benefits for a lump sum can be tempting.
Partly for that reason, pensioners in growing numbers are accepting such off…
FEMA Funds, Insurance to Give Some Relief in Oklahoma
Brett Deering/Getty Images(NEW YORK) — Even for those who don’t lose a loved one after a tornado, the process to rebuild is “long” and “emotional,” according to Tammy Cady, 59, who survived the tornado that hit Joplin, Mo., on May 22, 2011.It took Cad…
Oklahoma Tornado and Seven Other Billion Dollar Natural Disasters
Benjamin Krain/Getty Images(NEW YORK) — The tornadoes that struck the Midwest this week, killing dozens and destroying hundreds of homes and schools in the Oklahoma City-suburb of Moore, likely caused more than $1 billion in damages.And it’s not just …
Ohio Man, 91, Hits Goal to Fight Eviction by Daughter
Jaclyn Fraley(ZALESKI, Ohio) — An online fundraising effort has surpassed its goal to allow a 91-year-old man in Zaleski, Ohio, to buy back his home before his daughter has the chance to evict him from it.Jaclyn Fraley, 35, and her grandfather, John P…
Stocks Extend Tuesday Winning Streak
Hemera/Thinkstock(NEW YORK) — Tuesday stocks closed higher as investors banked on continued policy support from the Federal Reserve. On Wednesday, the Federal Reserve will release the minutes from its latest policy meeting. Investors are looking…
JPMorgan Chase Shareholders Still Confident in CEO Jamie Dimon
Scott Eells/Bloomberg via Getty Images(TAMPA, Fla.) — JPMorgan Chase [NYSE: JPM] shareholders voted to allow CEO Jamie Dimon to keep his dual role as CEO and chairman of the board of directors, which critics say gives him too much unchecked power over…
JPMorgan Chase Shareholders Still Confident in CEO Jamie Dimon
Scott Eells/Bloomberg via Getty Images(TAMPA, Fla.) — JPMorgan Chase [NYSE: JPM] shareholders voted to allow CEO Jamie Dimon to keep his dual role as CEO and chairman of the board of directors, which critics say gives him too much unchecked power over…
Xbox One: Microsoft’s Next Console
Microsoft(REDMOND, Wash.) — Eight years after releasing the Xbox 360, Microsoft has unveiled the next generation of its gaming console.The new gaming system, which it plans to release before the end of the year, is full of new features that go beyond …
Xbox One: Microsoft’s Next Console
Microsoft(REDMOND, Wash.) — Eight years after releasing the Xbox 360, Microsoft has unveiled the next generation of its gaming console.The new gaming system, which it plans to release before the end of the year, is full of new features that go beyond …
Apple CEO Defends Company’s Offshore Tax Policy
Justin Sullivan/Getty Images(WASHINGTON) — Apple CEO Tim Cook, in Washington, D.C. to answer questions about his company’s avoidance of billions of dollars in U.S. taxes, told a Senate hearing the tech giant followed the law and “comprehensive tax ref…
Microsoft to Reveal Xbox 360 Successor
Microsoft(NEW YORK) — After eight years on the shelves and having sold some 70 million units, Microsoft’s Xbox 360 is finally getting a successor on Tuesday. The Xbox reveal comes a bit late to the party as the last of the big three home console maker…
WATCH: Yahoo, Tumblr CEOs Dish on Merger
ABC News(NEW YORK) — Yahoo CEO Marissa Mayer says she’s not worried about the adult content on her new acquisition — Tumblr — and she’ll make sure that people who don’t want to see it won’t. Meanwhile, 26-year-old Tumblr CEO and co-founder David Kar…
World Nutella Day? Not So Fast, Company Says
Simon Dawson/Bloomberg via Getty Images(NEW YORK) — Ferrero, the Italian company that makes Nutella, has scrapped a superfan’s global tribute to the chocolaty spread. Sara Rosso started World Nutella Day back in 2007, dubbing February 5 the day Nutell…
JPMorgan Shareholders to Vote on Separating Dimon’s Roles
Andrew Harrer/Bloomberg via Getty Images(TAMPA, Fla.) — A shareholder showdown is scheduled Tuesday at the annual meeting of JPMorgan Chase in Tampa, Fla.
A vote is expected on a proposal to separate the jobs of chairman and CEO at the big bank. …
Top 14 Jobs That Don’t Require a College Degree
Medioimages/Photodisc/Thinkstock(NEW YORK) — While one’s earning potential increases with a college degree, you don’t necessarily need to spend $40,000 a year for a diploma for a job that pays as much.Jobs search site CareerCast.com released a list of…
Gas Prices Jump Across the US
iStockphoto/Thinkstock(WASHINGTON) — Gas prices across the country are still rising ahead of one of the year’s busiest travel weekends. The weekly average price of a gallon of regular gas is $3.67, up 7 cents from a week earlier, according to data fro…