December new-home sales plummet to record low

Date: Thu, 29 Jan 2009 12:01:25 -0500
December new-home sales plummet to record low

Sales of new homes plummet to a record low in December, falling 14.7%
to the lowest level since the government began keeping track of the
activity in 1963.

ECONOMIC REPORT: RECORD NUMBERS STANDING IN UNEMPLOYMENT LINES, U.S. DATA SHOW

U.S. unemployment lines stretch to the longest on record, Labor
Department data show, in a vivid sign that the conditions in the labor
market continue to worsen.

REPORTER'S NOTEBOOK: 'GLOOM' IS THE MOOD IN DAVOS, NOT 'DOOM'

Movers and shakers who have gathered in the Swiss Alps for the annual
meeting of the World Economic Forum are downbeat but not despondent,
India's commerce minister tells MarketWatch.

FORD'S QUARTERLY NET LOSS NEARLY DOUBLES AS REVENUE TOPS TARGET

Ford Motor Co. posts a fourth-quarter loss of $5.9 billion, reeling
from a sales downturn that's engulfed automakers around the world.

SONY PROFIT TUMBLES 95% ON WEAK DEMAND, STRONG YEN

Sony Corp. reports Thursday its third-quarter profit was almost
entirely wiped out and it still expects to post its first full-year
loss in 14 years.