Oil rose to the highest level in almost four weeks in New York, advancing with gasoline and heating oil as East Coast refineries worked to restart after Hurricane Irene and on signs the housing market is stabilizing. Crude futures increased as gasoli

U.S. finance companies saw their performance improve even as the overall economy stumbled in the second quarter, according to an industry report from Standard & Poor’s Ratings Services. Lower credit costs and favorable funding markets allo

The former chief financial officer of a major U.S. home builder accused of committing accounting fraud five years ago is giving back roughly $1.4 million in bonuses and stock profits. James O’Leary, the former CFO of Beazer Homes USA Inc., agre

Brent crude rose to the highest level in nearly a month on Tuesday, boosted by concerns about gasoline supplies and the threat of another tropical storm. Further support for prices came after Chicago Federal Reserve Bank President Charles Evans said

Robert Shiller, an economics professor at Yale University and co-creator of the S&P/Case-Shiller home-price index, talks about the U.S. housing market and economy, and his prescription for government action to boost growth and employment. Read t

Americans are depressed about their economic prospects but continue to spend their way through their latest downturn in sentiment, new consumer confidence data showed Tuesday. The latest survey from the New York-based Conference Board, a business-res

Stocks end a touch firmer having chopped in mixed trading as Wall Street digested mixed economic data and cloudy Fed comments. Equities returned to red in the immediate wake of the afternoon release of Federal Reserve meeting minutes, then firmed ane

S&P/Case-Shiller Indices for US housing market rise for the third consecutive month (non-seasonally adjusted). The 10-city composite for June (which is the three-month average of April, May and June) rose by 1.1%, while the 20-city composite ros

Alan Krueger, the Princeton economist recruited to lead President Obama’s economics team just before the president is set to announce a major new jobs initiative, has done some influential research on unemployment. In one of his most recent stu

The Minneapolis Federal Reserve Bank president said U.S. unemployment remains “disturbingly high,” yet cautioned economic recoveries after financial crises tend to be very slow. Narayana Kocherlakota, during an audience question-and-answe