December new-home sales plummet to record low

Date: Thu, Jan 29, 2009 at 2:01 PM

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 LOSES $6 BILLION BUT WON'T SEEK FED HELP

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.