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Business

  • Hyundai Motor to pay $10 billion for Gangnam land
      SEOUL, South Korea – A consortium led by Hyundai Motor Co. has offered $10 billion for land in Seoul’s tony Gangnam district where it will build a new headquarters.
  • Consumer prices fall, easing inflation fears
    WASHINGTON – U.S. consumer prices edged down in August, the first monthly drop since the spring of 2013, as gasoline, airline tickets and clothing prices all fell.
  • Fed to keep interest at record low
    WASHINGTON – The Federal Reserve signaled Wednesday that it plans to keep a key interest rate at a record low because a broad range of U.S. economic measures remain subpar.
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Week Ahead

Tuesday

•Commerce Department reports on durable goods for February

•Standard & Poor’s releases S&P/Case-Shiller index of home prices for January

•Commerce Department reports on new-home sales for February

•Conference Board releases the Consumer Confidence Index for March

Wednesday

•National Association of Realtors reports on pending home sales index for February

Thursday

•Labor Department reports on weekly jobless claims

•Commerce Department reports on fourth-quarter gross domestic product

Friday

•U.S. stock markets closed for Good Friday

•Commerce Department reports on personal income and spending for February, 8:30 a.m.

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