Business and Finance news

Standard & Poor’s released its S&P/Case-Shiller Home Price Indices for the month of July on Tuesday, proving that while home values in Dallas are down, home prices in the Big D still fare better than in most American cities.
The S&P/Case-Shiller 20-city composite home price index shows home prices in Dallas declining 2.5 percent over the […]

Consumer spending in the U.S. probably rose in August as carmakers boosted incentives to shore up sales in the face of rising unemployment and slumping confidence, economists said ahead of a report today.
The 0.2 percent increase in purchases would follow a 0.2 percent rise in July, according to the median forecast of 64 […]

Confidence among Japanese manufacturers held near a four-year low as the global financial crisis threatens to smother demand in the country's export markets and higher raw-material costs erode profits.
Sentiment among manufacturers was minus 10 points this quarter compared with minus 15.1 points three months earlier, a survey by the Cabinet Office and Finance […]

Regional banks across the country saw their stock prices dive Monday morning as analysts expressed doubts that the federal government's planned bailout of mortgage debt would solve the industry’s basic problems.
In the Dayton area, Columbus-based Huntington Bancshares (NASDAQ: HBAN) led the drop, with its stock falling almost 17 percent, to $10.67 in morning trading; followed […]

Should a more concrete government plan emerge over the weekend to help solve the ongoing credit crisis, it could give some banks left for dead by Wall Street more time and more alternatives than seemed available just days earlier.
Leading investment bank Morgan Stanley (MS, Fortune 500), for example, which is rumored to be eyeing […]

For one day last week, Wednesday, as Wall Street rocked from one financial collapse to another, there was wide fear that credit markets might freeze up entirely; that banks, skittish and burned, would stop lending to each other; and that the flow of money from Wall Street out to the rest of the economy […]

The St. Louis Metropolitan Police Department board requested Friday that Missouri State Auditor Susan Montee conduct an audit into the police department’s former contract with St. Louis Metropolitan Towing.
In July, Police Chief Joe Mokwa retired amid a scandal about his daughter, Aimie Mokwa, using towed cars from St. Louis Metropolitan Towing, which contracted with the […]

FedEx Corp. said Thursday its fiscal first-quarter earnings fell 22%, but still met Wall Street’s expectations, as cost cuts partially offset the impact of slowing global growth.
The package delivery company also predicted it will beat analysts’ current expectations for its fiscal second quarter, and said it will hike shipping rates at its Express unit […]

Citing concerns over a lack of public participation, Miami’s Planning Advisory Board late Wednesday night deferred until next month the possible rezoning of a massive mixed-use project in Miami’s Park West neighborhood.
City planners submitted the application to create a special district for the 25-acre site where developer Miami Worldcenter Group wants to build 12 million […]

The index of U.S. leading economic indicators probably fell in August for a third month, signaling the growth outlook darkened even before the latest collapse in financial markets, economists said before reports today.
The Conference Board's gauge, a measure of the economy's direction over the next three to six months, fell 0.2 percent, according […]