Business and financial news

Apartments key to home construction gain

9:03am: Surprise boost in total housing starts last month, but single-family construction falls to 17-year low. more

May 15: The billionaire investor announces plan to overthrow Yahoo's board of directors; aims to broker sale to Microsoft. more

• Carl Icahn's letter to Yahoo's board

World economy on thin ice - U.N.

5:54am: The United Nations blames dire situation on the decline of the U.S. housing and financial sectors. more

Memorial Day driving to drop slightly

May 15: Motorist group AAA sees first decrease in holiday travel since 2002, with Americans at a 'travel tipping point.' more

Macy's plays nice with FAO Schwarz

8:19am: The department store chain says it signs a deal to put toy boutiques in up to 275 of its stores this fall. more

More News

• GE plans to exit appliance business

• More manufacturing weakness

• A $3 trillion climate change battle

• Bernanke urges better oversight

• GE gets $20M military contract

• Fliers squeezed by government fees

• Congress passes farm bill, defies Bush

• Jobless claims up, once again

• Mortgage rates decline slightly

• Bio-friendly jet fuel by 2030

• The Fed: Betting on a rate hike

• Wishful thinking about Freddie Mac

• Bush still worth $7.2M - report

• Congress examines giant airline merger

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