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Business News

Stocks open slightly higher ahead of Fed meeting (AP)

An information board posts the latest prices and graphs above the floor of the New York Stock Exchange earlier this month. Doctors have found a relation between stock market fluctuations and heart attack frequency, a preliminary study by North Carolina's Duke University Medical Center said Saturday.(AFP/Stan Honda)AP - Stocks inched higher Tuesday before the Federal Reserve concludes a meeting where it is expected to keep a key interest rate at historic lows.


Housing construction drops 5.9 pct in February (AP)

Construction workers build one of a number of new single family homes in a subdivision outside San Diego as new home construction returns to San Marcos, California March 8, 2010. The Obama administration has more work to do to help struggling U.S. homeowners, despite signs of a stabilizing housing market, a senior Treasury official said on Monday.    REUTERS/Mike Blake  (UNITED STATES - Tags: EMPLOYMENT BUSINESS POLITICS CONSTRUCTION)AP - Housing construction fell in February as winter blizzards held down activity in the Northeast and South. The decline highlighted the challenges facing builders as they struggle to emerge from the worst housing slump in decades.


OPEC ministers to keep present output targets (AP)

Energy Minister  for  the United Arab Emirates Mohamed bin Dhaen Al Hamli,  talks to journalists as he arrives at a hotel for a meeting of the Organization of the Petroleum Exporting countries, OPEC, in Vienna, Austria, on Tuesday, March 16, 2010. (AP Photo/Ronald Zak)AP - Saudi Arabia's oil minister said Tuesday he expected OPEC to keep output steady for the rest of this year, in comments reflecting expectations that crude prices and supply are in sync with the fitfully recovering world economy.


Fed weighs how and when to signal higher rates (AP)

The US Federal Reserve is widely expected to keep its key lending rate at virtually zero percent as financial markets look for signals of future monetary policy tightening.(AFP/File/Paul J. Richards)AP - Debate is heating up within the Federal Reserve over how and when to signal that the days of record-low interest rates are numbered.


Landlords must pay taxes for renters to get credit (AP) AP - Missouri tax officials are warning people who live in rented housing that they do not qualify for a tax break unless their landlords pay property taxes.