Associated Press

The National Association of Home Builders said Monday its seasonally adjusted housing market index fell to 14 in July, the lowest level since March 2009. Shares of homebuilders are trading lower after the announcement. Toll Brothers (NYSE: TOL), KB Home (NYSE: KBH), and Hovnanian Enterprises (NYSE...

The Associated Press is reporting that the credit scores of millions of Americans continues to move lower, many sinking to new lows. According to figures provided by FICO Inc., its appears that 25.5% of consumers (that’s over 43.4 million people) now have a credit score below 600, which is the...

Bank stocks came under pressure once again today after reports surfaced that regulators are investigating whether they misled ratings agencies about the safety of certain mortgage-backed securities. Reuters and The Associated Press both reported that the New York Attorney General Andrew Cuomo is...

Senator Carl Levin, the chairman of the Senate Panel investigating the causes of the financial crisis, has lambasted federal bank regulators for ignoring risky transactions at Washington Mutual. He said that regulators “saw the shoddy lending practices, saw the high-risk lending, saw the shoddy...

The Associated Press reported on Friday that a panel at the Food and Drug Administration approved a brain stimulator made by Medtronic Inc. (NYSE: MDT) for the treatment of epilepsy. The panel voted 7 to 5 in favor of the approval and said that Medtronic must conduct follow-up studies of the brain...

The top ten stories of the year 2009 according to the Associated Press are: 1) The U.S. economy continued to sputter throughout the year despite the $787 billion stimulus package. The federal deficit tripled, the jobless rate topped to 10 percent and stocks fell to their lowest levels. Insurance...