UNITED STATES

New Home Sales Jump 7.6% In May, Highest Level In 2 Years

New home sales at 4-month high, supply drops
New single-family home sales grew by 7.6 percent from April to a seasonally adjusted annual rate of 369,000 in May, the Commerce Department said Monday. The increase was much stronger than the 346,000 analysts polled by Reuters had forecast and was the highest since April 2010.
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Visa to launch digital wallet for U.S. banks

Technology Focus: Still Waiting For Digital Wallets

In the 1950s, a consumer who wanted to buy eyeglasses borrowed $40 from the bank. Fast-forward to 2012: how about using your digital wallet to buy those glasses with your mobile phone? Maybe later this year.
Jerry Sandusky

Jerry Sandusky Jury Reaches Verdict: Does He Deserve The Death Penalty?

People used to call him a saint; now, Jerry Sandusky faces a maximum sentence of 442 years in prison after a jury of seven women and five men found the former defensive coordinator of Penn State's storied football program guilty of 45 out of 48 counts of sexual assault, molesting 10 boys over the span of 15 years. But is a life-sentence enough punishment for Sandusky?

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