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D.R. Horton Inc., the largest U.S. homebuilder, said it expects to report a fiscal fourth-quarter loss of $800 million to $900 million as a rise in foreclosures deepened the housing recession. Home-sales revenue fell 50 percent to $1.5 billion in the quarter ended Sept. 30, D.R. Horton said Tuesday in a preliminary earnings statement. The company also expects to report a pretax expense of about
Economic downturn hammers U.S. manufacturing sector Factory orders dropped by more than three times as much as analysts expected in September as the U.S. manufacturing sector continues to suffer from the economic downturn.
Oil prices surged above $70 a barrel Tuesday in the final hours of a two-year U.S. presidential campaign, mirroring global stock markets that strengthened from Asia to Europe. A weaker dollar helped too.
Starting an online business can pose many challenges. But as e-commerce stalwarts such as Amazon and eBay have shown, it can also prove a successful business endeavor.
General Motors' October U.S. sales plunged 45 percent and Ford's dropped 30 percent, as low consumer confidence and tight credit combined to scare customers away from showrooms.
Retirement accounts already battered by a steep market decline may get hit again as several companies suspend or reduce their 401(k) match to save cash.
Dell Inc. is offering unpaid leave to workers and severance packages to employees who voluntarily quit their jobs. Workers are being offered one to five days of time off without pay, spokesman Jess Blackburn said Tuesday. The personal computer maker will also freeze hiring, he said.
Five of cruise industry's crown jewels highlight Port Everglades' expansion effort Inaugural festivities soon will be in full swing at Port Everglades, but the parties won't be political.
Investors thinking that Wall Street is on the verge of a yearend rally piled into the market Tuesday, brushing off more weak economic data while they scarfed up stocks and propelled the Dow Jones industrials up 300 points to its highest close in four weeks.
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