The Fed chairman roiled markets in May, when he said the central bank might begin to taper its bond purchases in the "next few meetings"
Ford pulls back from dashboard touchscreens in cars as it moves to restore some knobs and buttons following complaints about its MyFord Touch interface
The election of new Iranian President Hassan Rowhani has raised hopes for a breakthrough—but the Obama administration remains wary
In a Web portal first, Yahoo is the 49ers' venue's official "exclusive online sports content, social networking, and photo and video sharing partner"
Blackstone Group's chief discusses his winning bet on housing and why America's future could be very bright
The Pegasos, or Pan European GAS AerOSol Climate Interaction Study, is a six-year, European Union-funded project to probe how pollution affects climate
Chipotle has decided to tell consumers exactly what ingredients are in the restaurant chain's menu items, even GMO soybean oil
Two years of business school can fly by in a flash. Here's how to use it wisely
Bullying. Conflict avoidance. Triangulation. A new book identifies scenarios that harm family-owned businesses—and offers suggestions for dealing with them
Percentage of total home sales that were foreclosures: 41%*
For the same period in 2007: 9%
Q2 foreclosure sales: 124,270
Q2 home sales: 302,069
Annual home sales change: -11%
*All data from second quarter of 2008
Editor's Note: The second-quarter foreclosure sales are estimates and include sales of bank-owned properties, auction sales, and short sales (where a lender agrees to accept less than the outstanding loan amount to avoid a foreclosure). The second-quarter existing-home sales incorporate June estimates, based on pending home sales, and results already in the books for April and May. The annual home sales change compares sales in the second quarter of 2008 to the same period in 2007. The national average of percentage of total home sales that were foreclosures in Q2 was 18%.
Source: Moody’s Economy.com