Wednesday, June 23, 2010
New-home sales plunge 33% to record low in May
NEW-HOME SALES PLUNGE 33% TO RECORD LOW IN MAY
Sales of new homes slide in May to a record-low level after a federal
subsidy for home buyers expired, according to data released by the
Commerce Department.
MORTGAGE MODIFICATION DATA ISN'T SO INSPIRING
More homeowners are getting help avoiding foreclosure through loan
modifications and other efforts -- but "more" doesn't necessarily mean
"very many" homeowners.
APPLE IPHONE FANS CONTINUE EARLY ADOPTER INSANITY
Apple fanboys and fangirls hungry for the new iPhone will likely be
frustrated by the latest bit of drama from the tech company.
ADOBE SECOND-QUARTER NET JUMPS 18%
Adobe posts a sharp gain in quarterly profit, as the maker of design
software continues to rebound on brisk sales of its flagship product.
CAUTION IS THE WORD AS FED WRAPS UP MEETING
As they wrap up a two-day meeting to review the sputtering U.S.
economy, interest rates and monetary policy, Fed policy makers are
expected to issue a cautious statement keeping rates on hold at
record-low levels, analysts agree.
