NEW YORK (AP) — Stocks are making modest headway ahead of the closing bell. The market will be closed tomorrow with only a-half session to follow on Friday.
WASHINGTON (AP) — Sales of new homes rose last month to the highest level in more than a year. The increase of more than 6 percent was fueled by strength that was limited to the South. People were rushing to buy before lawmakers decided to extend a tax credit for first-time buyers.
McLEAN, Va. (AP) — Freddie Mac says the average for 30-year fixed-rate mortgages has dropped this week to match a record low. The average is at 4.78 percent, mirroring the rate seen at the end of April.
WASHINGTON (AP) — Toyota pledges to replace accelerator pedals on about 4 million recalled vehicles in the U.S. The pedals can get stuck in the floor mats, a problem that came to light after a deadly crash in California.
CHARLOTTE, N.C. (AP) — Bank of America is having a hard time finding a new CEO, raising the question of whether Ken Lewis will stay past his planned Dec. 31 departure. The nation's largest bank had said Lewis' replacement could be announced by Thanksgiving, but analysts don't see that happening.
