NEW YORK

Groundbreaking on new U.S. home construction fell more than expected in December to its lowest in over a year, suggesting the battered housing sector remains a major roadblock to economic recovery.

RBC Capital Markets has adjusted its 2011 estimates of carrier Verizon to account for the iPhone 4 launch in early February 2011.

The gaming console comes with extensive 3D capabilities.

Coffee chain unveils mobile payment app for iPhones and Blackberrys.

Citigroup Inc named investment bank chief John Havens president and chief operating officer on Wednesday, expanding its most senior level of executives and elevating a long-time friend of Chief Executive Officer Vikram Pandit.

In contrast to all travel blues and woes, a leading travel search site site Skyscanner gives an insight to the sunshine spots in the world to boost optimism - the top five places you can travel to cheer you up.

The companies that reported earnings before the markets open on Wednesday are: Goldman Sachs, Wells Fargo, U.S. Bancorp, State Street, Northern Trust, Bank of New York Mellon and Hudson City Bancorp.

One of the most egregious fashion trends of the past 15 to 20 years has undoubtedly been the proliferation of baseball caps – not just in the United States, but now across much of the world.

Former Alaska Gov. Sarah Palin defended her use of the term 'blood libel' on Monday, saying she meant what she said when she chided critics for accusing conservative media figures of having played a role in instigating the recent Arizona shootings.

Clothing retailer J Crew Group Inc is set to settle a shareholder lawsuit over its proposed takeover by private equity firms TPG Capital and Leonard Green & Partners LP.

A New York City cigar smoker is being sued by his neighbors who claim that the odor and fumes of his stogies waft into their home and create an annoyance and a health hazard.

Brett Favre, who has just retired from the NFL after twenty seasons, believes his original club, the Green Bay Packers will win the Super Bowl this year.

After over 40 years, Regis Philbin is retiring from his weekday talk show.

Manufacturing activity in the New York State expanded in January with the corresponding index posting its second consecutive positive reading.

A debate rages on over the role that educational institutions could play in preventing individuals like Loughner from causing a threat to public safety.

New York Jets coach Rex Ryan outfoxed New England Patriots counterpart Bill Belichick with a defensive scheme that put his team on the brink of a Super Bowl with one more championship quarterback waiting in their path.

Combative telecoms partners Telenor and Altimo squared up for yet another battle on Monday, over a proposed bid by their Russian mobile phone firm Vimpelcom for Egyptian tycoon Naguib Sawiris' telecoms assets.

Minnesota Vikings quarterback Brett Favre, who played the game with a boyish joy and bulldog determination, filed his retirement papers with the NFL after a 20-season career, the league confirmed on Monday.

One of the most unpredictable NFL seasons in years is no closer to providing a clear favorite after another extraordinary round of playoffs saw the New England Patriots and Atlanta Falcons both eliminated.

Ed Miliband, leader of Britain’s Labour Party, has joined a growing chorus of critics expressing reservations over BP plc’s (NYSE: BP) joint venture with Russian energy giant Rosneft to explore potentially massive oil and gas deposits on the Arctic shelf – BP’s first major deal since last year’s Deepwater Horizon catastrophe.

Investors remain preoccupied by the threat of further monetary tightening in China, writes Marc Ground at Standard Bank in London today. This is weighing on precious metal prices, encouraged further by a stronger Dollar off the back of lingering Eurozone debt concerns.