- Gentlemen, start your drones: Judge’s ruling opens door for commercial use
- Soldier who hid, bragged about not saluting flag to be punished — in secret
- ‘Maverick’ of the seas: ‘Top Gun’ school for U.S. ship officers to launch
- Putin declares Sochi Paralympics open amid Ukrainian protest
- ‘In Jesus name, we pray’ sparks ire at Ohio council meeting
- Navy’s first laser weapon ready for prime time; drone killer to deploy this summer
- Billionaire backer: Rick Santorum ‘needs to be heard’ in 2016
- Obamacare fallout: 49 percent pessimistic; 45 percent ‘scared’
- DHS accused of holding U.S. citizen at airport, using emails to pry into her sex life
- Seattle socialist: Minimum-wage discussion skewed by ‘right-wing’ GAO analysis
Taxpayers must pay the freight for over-budget train projects
Topic - Jim O'Sullivan
Chesapeake's top prosecutor says no crimes were committed when the city built three temporary jail facilities without required state approval.
Americans ramped up purchases of new homes in October after three months of soft sales, evidence that the housing recovery is improving fitfully.
Sales of previously occupied homes surpassed the 5 million mark in May, the first time that's happened in 3½ years. The gain shows that the housing recovery is strengthening.
U.S. builders stepped up home construction in May and applied for permits to build single-family homes at the fastest pace in five years. The gains show that housing remains a key source of growth for the economy.
A pair of better economic reports helped nudge the U.S. stock market up Thursday afternoon, even as the Japanese market plunged again.
A measure of U.S. manufacturing fell in May to its lowest level since June 2009 as slumping overseas economies and weak business spending reduced new orders and production.
The number of Americans seeking unemployment benefits fell sharply last week to a seasonally adjusted 346,000, suggesting March's weak month of hiring may have been a temporary slowdown.
The number of Americans seeking unemployment benefits jumped to the highest level in two months, although the figures were skewed in part by Hurricane Isaac.
"The report suggests sharp weakening through September and then a rebound in October, but the volatility in the data argues against putting much emphasis on a single month," said Jim O'Sullivan, chief U.S. economist for High Frequency Economics.
"Housing is now the strongest part of the economy in growth terms," said Jim O'Sullivan, chief U.S. economist at High Frequency Economics.