Duke Names CFO Good as Next Chief Executive Officer
Duke Energy Corp. named Chief Financial Officer Lynn Good to be its next chief executive officer, replacing Jim Rogers who had agreed to retire as part of a settlement with regulators probing the company’s $17.8 billion Progress Energy ...

Homebuilder sentiment rises to highest in seven years in June
That would give "the builders more competition, particularly in markets where existing home prices are still well below the average price of building a new ... hurt by belt-tightening in Washington and less demand overseas.

Bank Profits Seen Buffeted by Rates Rising Without Growth
Higher long-term interest rates ... term and longer-term rates will rise in parallel, and short-term rates have a bigger impact on bank profitability, analysts including Mutascio said. Home-equity loans, credit card rates and working capital ...

Report: Allen Iverson abducts his own children
Former Philadelphia 76ers guard Allen Iverson is facing serious accusations from his ex-wife. (Photo: H. Rumph Jr AP) TMZ is reporting that the ex-wife of retired NBA star Allen Iverson has accused him of abducting their five children.

Housing Starts in U.S. Rose in May to 914,000 Annual Rate
“The housing recovery is still very much on track, and we’re going to see stronger activity in the second half of the year,” said Mark Vitner, an economist in Charlotte, North Carolina, at Wells Fargo Securities LLC, a unit of the top U.S ...

Confidence of U.S. homebuilders jumps as recovery deepens
A majority of U.S. homebuilders say conditions ... "Anything on the production side of the economy, including manufacturing, is falling back on the fundamentals. Right now the fundamentals, especially for the global picture, are still fairly ...