Obama to announce new car efficiency standards

US President Barack Obama will later this week unveil new fuel efficiency standards for passenger cars and light trucks for the 2017-2025 period, the White House said Wednesday.

Murders deflate local house prices

When Ellen Lin and Derek Kwok discovered a vicious murder had been committed in the North Ryde house they were about to buy, they did not want to go through with the deal.

Study: New negative trend in Phoenix housing market

It’s official: The Phoenix housing market appears to be experiencing a new downward trend. A new report from the W. P. Carey School of Business at ASU confirms a year-over-year decrease in home prices for the third month ...

How 'houses as ATMs' feed a recession

For most Americans, their home is their most valuable asset, so it makes sense to borrow against the equity to obtain cash. In lean times, that money can be spent on consumption, which keeps the economy humming along. But ...

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