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U.S. housing starts fall; jobless claims hit 45-year low

WASHINGTON U.S. homebuilding fell more than expected in December, recording its biggest drop in just over a year, amid a steep decline in the construction of single-family housing units following two months of hefty gains.

Recent Business News

BMW aims to outsell Mercedes by 2020: CEO tells Manager Magazin

FRANKFURT BMW aims to overtake rival Mercedes-Benz in terms of annual deliveries within two years, Chief Executive Harald Krueger told German monthly Manager Magazin.

6:15am EST

Emirates hands Airbus A380 superjumbo a lifeline with $16 billion order

NANTES, France Emirates announced a deal for up to 36 Airbus A380 aircraft on Thursday worth as much as $16 billion at list prices, saving the world's biggest passenger jet from death row and securing its future for at least another decade. | Video

Lexus, Infiniti luxury car brands test ways to fight Tesla, German rivals

DETROIT Japanese luxury auto brands Lexus and Infiniti are using the Detroit auto show to test new ways to regain momentum against Germany's prestige automakers and Silicon Valley's Tesla Inc .

Germany, Japan 7:26am EST

Apple plans new U.S. campus, to pay $38 billion in foreign cash taxes

Apple Inc will open a new campus as part of a five-year, $30 billion U.S. investment plan and will make about $38 billion in one-time tax payments on its overseas cash, one of the largest corporate spending plans announced since the passage of a tax cut signed by U.S. President Donald Trump. | Video

Jan 17 2018

U.S. housing starts down sharply on drop in single-family units

WASHINGTON, Jan 18 U.S. homebuilding fell more than expected in December, recording its biggest drop in just over a year, amid a steep decline in the construction of single-family housing units following two months of hefty gains.

8:37am EST

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