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Afternoon Business Brief

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Published: November 17, 2009, 1:10 PM
Updated: November 17, 2009, 1:16 PM


Stock prices have been very little changed so far Tuesday. The market is coming off of Monday's strong gains.

  • The National Association of Home Builders says its index of builder sentiment was flat this month. Most
    builders had already responded to the survey before Congress extended a tax credit for homebuyers.
  • Home improvement retailing giant Home Depot says consumers are most often buying washers to fix leaky faucets instead of replacing the faucets themselves. Third-quarter profit fell 9 percent. Home Depot also raised the full year earnings outlook.
  • The IRS says nearly 15,000 U.S. taxpayers have come forward to disclose billions in offshore bank accounts in 70 countries under a voluntary program. It allows most to avoid criminal prosecution as long as they pay what they owe.
  • Foxwoods Resort Casino, one of the world's largest, has failed to make a full payment on its debt.  That's resulted in a default and another credit-rating downgrade as casinos around the country struggle amid the severe recession.
     




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