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Business Update: Mega drug deal 1:32 Report

Mar. 9 - Wall Street is taking heart from Merck's plans to wed Schering-Plough in a $41 billion deal.

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Housing starts, consumer prices up in November

WASHINGTON (Reuters) - New home construction rose less than expected last month, while consumer prices increased marginally, suggesting little urgency for the Federal Reserve to raise interest rates sooner as the economy steadily recovers. | Video

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Federal Reserve Chairman Ben Bernanke is pictured at his Senate Banking, Housing and Urban Affairs Committee hearing on his nomination to continue as Chairman of the Board of Governors, on Capitol Hill in Washington, December 3, 2009. REUTERS/Jason Reed

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