The government says personal income rose in November at the fastest pace in six months. And our spending increased as well. So, how pleased should you be? Bill Radke gets the opinion of economist Richard DeKaser.
Yahoo! has announced it is closing its offices between Christmas and New Year's. The Web site won't shut down, but the media giant's telling most of its workers to stay home next week. Why? Amy Scott reports.
The U.S. Postal Service says it will lose more than $3 billion this year and $8 billion next year. Can anything be done to save it? Bill Radke gets the views of Los Angeles Times business columnist David Lazarus.
We've gotten a lot of good news from the housing market in recent weeks. But today some not-so-great news. New-home sales dropped 11% in November to their lowest level in seven months. Mitchell Hartman reports.