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Business

  • Existing clients given top home equity deals
    WASHINGTON – “Them that's got are them that gets,” Ray Charles sang in the 1960s. That sentiment rings true today in the U.S. mortgage market.
  • Glassmaker for iPhone to cut jobs
    A manufacturer of sapphire glass that Apple Inc. uses in iPhones plans to eliminate 727 jobs at an Arizona plant. GT Advanced Technologies filed for Chapter 11 bankruptcy protection this month.
  • Oil price drop shakes up globe
    NEW YORK – A sudden plunge in the price of oil is sending economic and political shockwaves around the world.
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Week Ahead

Today

•National Association of Home Builders releases housing market index for June.

Tuesday

•Labor Department releases Consumer Price Index for May

•Commerce Department reports on housing starts for May

•Federal Reserve policymakers begin a two-day meeting to set interest rates.

Wednesday

•Federal Reserve policymakers meet to set interest rates, issue statement and economic forecast.

Thursday

•Labor Department reports on weekly jobless claims

•Freddie Mac, the mortgage company, reports on weekly mortgage rates

•National Association of Realtors reports on existing home sales for May

•Conference Board reports on leading indicators for May

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