New Home Sales Jump After Record Low
New home sales rose 27 percent in March to a seasonally adjusted annual pace of 411,000, the strongest since July and the largest monthly gain in 47 months. February was revised to 324,000. Sales surged nationwide with 44 percent gains in the South and 36 percent in the Northeast as buyers rushed to qualify for federal tax credits set to expire.
MENTIONED IN THIS ARTICLE
Washington, D.C
Commerce Department
Thomson Reuters
Jennifer Lee
BMO Capital Markets
Internal Revenue Service
David Crowe
National Association of Home Builders
South
Northeast
Omaha
Neb
Credit rating conflicts tied to lax oversight blamed for crisis
Former rating executives told a Senate panel that competition and poor internal communication caused analysts to give safe ratings to toxic investments. They linked high ratings to banks paying agencies and urged Congress to fix conflicts as part of financial regulatory overhaul.
MENTIONED IN THIS ARTICLE
Washington, D.C
Credit Rating Industry
Senate
Asky
Congress
Sen
Carl Levin
D-Mich
Levin
Subcommittee
Frank Raiter
Standard & Poor’s
Stocks edge up as Dow heads for eighth weekly gain
Stocks rose modestly after a strong U S home sales report but mixed earnings and Greece’s rescue package raised caution. The Dow aims for an eighth straight weekly advance, its best run since early 2004, as traders weigh momentum against potential pullback.
MENTIONED IN THIS ARTICLE
New York
Greece
Stephen Carl
Williams Capital Group
Carl
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By Daniel Wagner
Associated Press
Dow
New
Riccar Vacuums
Idunagan’s Sewing & Vacuum Center
Whiskey Road
Aiken
Monty Bates
Hoover Buildings
Hoover
Lexington, S.C
Hooverbuildings.com
County
Securi A Federal
Sage Valley Hunt Club
Air First Aviation
Savannah River
Fluor Daniel
Sherriff's
Jail House
Elliott Davis, LLC
Aiken Regional Medigal
HG Reynolds Co., Inc
Wsi
Parsons
Aiken Electric Co-op., Inc
Aiken County Farm Supply
AllStar Rents, Inc
AB Beverage Company, Inc
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