Business Latest News Wires

  • Expedia to buy rival Orbitz for $1.33 billion (+video)

    Expedia announced Thursday that it would buy rival online travel site Orbitz for about $1.33 billion, further consolidating the travel booking industry. Shares of Orbitz are up more than 23 percent in premarket trading and Expedia is up 5 percent on the announcement. 

  • Will Federal Reserve start raising interest rates soon?

    Minutes from a Fed meeting in January released Wednesday show that officials struggled to determine the appropriate timing for a rate hike. The Fed's benchmark interest rate has been at a record low near zero since December 2008.

  • US housing starts fall in January, but construction is speeding up (+video)

    US housing starts slipped 2 percent to a seasonally adjusted annual rate of 1.07 million last month, the Commerce Department reported Wednesday. Despite the monthly decline, the broader economy should help boost home sales and apartment construction this year.

  • Is Snapchat really worth $19 billion?

    Snapchat, the mobile messaging app, is seeking funding at a $19 billion valuation, according to a report from Bloomberg. Snapchat is aiming to raise $500, making it the third most highly-valued tech startup backed by venture capitalists.  

May 6, 2015

Photos of the day 05/06

Harlem Globetrotters' Hi-Lite Bruton and Ant Atitkson (far l.) watch teammate Flight Time Lang help Pope Francis spin the ball on his finger as they meet during the general audience in St. Peter's Square at the Vatican Wednesday.

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