WASHINGTON (Reuters) - Prices of U.S. single-family homes plunged a record 14.4 percent in March from a year earlier, while consumer confidence slumped to its lowest in 16 years in May as gasoline prices surged.
NEW YORK (Reuters) - Stocks rose on Tuesday, led by Apple Inc and other technology bellwethers, as investors bet that a sharp drop in oil prices will help shore up consumer and business spending.
BRUSSELS/PHILADELPHIA (Reuters) - InBev has not yet begun merger talks with Anheuser-Busch Cos Inc but is still weighing an acquisition of the U.S. brewer, a source familiar with the situation said on Tuesday.
DETROIT (Reuters) - Shares of General Motors Corp slumped to a 27-year low, while smaller rival Ford Motor Co hit a new six-week low on Tuesday as analysts warned the U.S. auto market could remain weak well into 2009.
SAN FRANCISCO (Reuters) - The Federal Reserve will not repeat the policy mistakes of the 1970s by letting inflation spiral out of control, San Francisco Federal Reserve Bank President Janet Yellen said on Tuesday.
