Business

  • Stocks tumble after sales of existing homes fall

    Wall Street abruptly ended an earnings-driven rally and closed sharply lower Thursday after a steeper-than-expected decline in existing home sales and worries about the financial sector chilled the market's recent optimism.
    Online update6:34 p.m. |0 comments

  • Rescue in works for housing woes

    Rescue legislation sailed through the House on Wednesday aimed at helping 400,000 strapped homeowners avoid foreclosure and preventing the collapse of troubled mortgage companies Fannie Mae and Freddie Mac.
    12:11 a.m. |23 comments

  • Utah: Home-sales numbers show bubble bursting

    Home-sales numbers released Wednesday indicate that the Wasatch Front's housing bubble has truly begun to burst: 61 of 81 ZIP codes in four counties saw decreases in median home prices during the second quarter of 2008, compared with the same period last year.
    12:11 a.m. |41 comments

  • Double whammy slams economy

    The country has slogged through slower economic growth and rising prices during the summer, packing a double whammy to people and businesses alike.
    12:11 a.m. |0 comments

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