Market News Housing Starts Jump 15% to Four-Year

Housing starts in the U.S. surged 15 percent in September to the highest level in four years, adding to signs of a revival in the industry at the heart of the financial crisis.

NEW YORK (Reuters) - The Federal Bureau of Investigation on Wednesday arrested a 21-year-old Bangladeshi man on charges he attempted to blow up the New York Federal Reserve Bank with what he believed was a 1,000-pound (453-kg) bomb, a plot ...

NEW YORK (Reuters) - The S&P 500 rose for the third consecutive day on Wednesday after housing starts hit a four-year high, but the Dow was weighed down by IBM after it posted weak revenue.

By MATTHEW WALTER. Positive developments in Spain lifted the euro, which touched its highest level against the dollar in more than four weeks.

Laser speed sensor promises safer flights. Australian engineers, motivated by the 2009 crash of Air France Flight 447, have come up with a laser speed sensor system for aircrafts that they say will reduce the possibility of similar disasters.

The number of Californians entering foreclosure dropped in the third quarter to its lowest level since early 2007. Foreclosure filings have fallen as banks work toward completing more loan modifications and short sales.

Bank of America reported a slim quarterly profit on Wednesday, a small success for the bank after doling out huge payments to settle claims it misled investors about its takeover of Merrill Lynch during the financial crisis.