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Business

  • Dollar store rejects bid from rival
    Family Dollar has rejected a takeover bid from dollar store competitor Dollar General, saying it would be too hard for the deal to pass antitrust regulators.
  • Mortgage aid with a snare
    WASHINGTON – The $17 billion settlement that Bank of America reached with the Department of Justice on Thursday sets aside billions in aid for some troubled homeowners.
  • Housing figures gain momentum
    WASHINGTON – A fourth consecutive monthly increase in sales of existing homes provided the latest evidence Thursday that the U.S. housing market is rebounding from a weak start to the year.
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Week Ahead

Tuesday

Stock and bond markets are closed for New Year’s Day.

Wednesday

•Institute for Supply Management releases its manufacturing index for December.

•Commerce Department reports on construction spending for November.

Thursday

•Labor Department reports on weekly jobless claims.

•Freddie Mac, the mortgage company, reports on weekly mortgage rates.

•Federal Reserve releases minutes from December interest-rate meeting.

•Automakers release vehicle sales for December.

•Selected chain retailers release December sales comparisons.

Friday

•Labor Department releases employment data for December.

•Institute for Supply Management releases its service sector index for December.

•Commerce Department reports on factory orders for November.

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