D.R. Horton sees 26 perecent spike in 4Q orders
Homebuilder D.R. Horton Inc., saw new home orders spike 26 percent from a year ago in the latest quarter as buyers raced to close deals and take advantage of a federal tax credit. But a wider-than-anticipated loss fueled by write-downs sent shares tumbling more than 15 percent Friday....
More states add jobs, but many for temporary staff
WASHINGTON (AP) -- In a sharp improvement, more than half of U.S. states added jobs in October, though economists said many of the gains likely occurred in temporary employment....
Small Florida bank shuttered, 124th this year
WASHINGTON (AP) -- Florida banking regulators on Friday shut down Commerce Bank of Southwest Florida, marking the 124th U.S. bank to succumb this year to the struggling economy and rising loan defaults....
Chase drops arbitration from card contracts
BOSTON (AP) -- JPMorgan Chase & Co. said Friday it is dropping a clause from its credit card contracts that required disputes with customers to be handled through binding arbitration, a move that could lead to consumers filing class-action and other lawsuits....
J.M. Smucker 2nd-quarter profit soars on coffee
PORTLAND, Ore. (AP) -- J.M. Smucker Co. nearly tripled its profit in the second quarter as the addition of Folgers coffee gave a jolt to its lineup and lower commodity prices for coffee beans and other items fattened its profit margins....
Natural gas plunges 12 percent this month
NEW YORK (AP) -- Natural gas prices have dropped by more than 12 percent in the past month as the country continues to sip at its energy reserves and a balmy November allowed homeowners to leave the heat off....
EU extends Oracle/Sun review deadline until Jan 27
BRUSSELS (AP) -- European Union regulators said Friday that they have extended until Jan. 27 a deadline to wrap up their antitrust review of Oracle Corp.'s planned $7.4 billion takeover of Sun Microsystems Inc....
Avoid becoming a victim of the fastest growing crime in America.
KNX Business Hour Featured Audio
Protect your assets and invest wisely.
KNX Business Hour 11.19.2009
Freddie Mac on the lowest mortgage rates in decades...the hand-dandy business card has been replaced with social media interaction...holiday time flights at a bargain..a deeper look at tuition hikes on UC campuses...
KNX Business Hour 11.18.2009
The State of California gets more than a billion dollars back based on an investigation launched after a personal experience for Attorney General Jerry Brown...retiler reluctance to stock their shelves deep may be a boon for secondary markets
KNX Business Hour 11.17.2009
Happy workers do better work, find out how to motivate them...the Queen of trash says we're running out of landfills and it's going to get really expensive to take it elsewhere...Washnington unleases a new task force to fight business crime...
KNX 1070 NEWSRADIO is Southern California's most trusted and honored news radio station serving Los Angeles County / Orange County / Ventura County / Riverside County / San Bernardino County / San Diego County. 50,000 watt clear signal. CBS News. Traffic & Weather Together on the Fives. Money news, sports, weather, entertainment and special features. Streaming live online and offering News On Demand with free podcast downloads. Available in HD. Video webisodes of Money 101 Online with Bob McCormick, Cookin' Up a Kitchen with Melinda Lee. www.knx1070.com.
