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ABC News Money and Business

MONEY AND BUSINESS

Good Housing News: Construction Is Up
The construction of new homes posted the biggest jump in more than two years.

The Emotional Toll of Home Foreclosure
Stress, depression and suicide can accompany the loss of a home.

'Color of Wet Mud!' Oreos Invade England
Dipping biscuits in tea is one thing, but Oreos in milk? Some Brits bristle.

Oil Sets New Record at $128 a Barrel
Gasoline prices continue to climb just as the summer driving season starts.

What Recession? Super Rich Still Spending
Author says the wealthiest Americans live in a different world.

World Economy Is in Trouble, U.N. Says
The United Nations reports the global economy will grow only 1.8% this year.

Cities Sue Banks as Neighborhoods Crumble
Communities sue banks and lenders for failing to fix up foreclosed homes.

CBS and CNET: A $1.8 Billion Folly?
Envisioning a glum future for the May-December corporate marriage.

FAO Schwarz Stores Come to Macy's
Macy's signs a deal to put the toy shops within its department stores.

Oil Soars Past $127; Saudis Say No to More
White House downplays expectations that Saudis will boost production.

Flat Screen TVs, Waterbeds ... for Cows?
Farmers pamper cows to boost milk output; Kirk Christie's cows watch Dr. Phil.

Maverick Oilman Bets $2B on Wind Power
T. Boone Pickens is investing $2 billion to build the world's largest wind farm.

More Than 1 Million Prius Hybrids Sold
Toyota has sold 1.028 million Prius cars since 1997, the automaker said.

How Gas Prices Will Ruin Your Summer
From carnivals to ice cream: How gas prices could hurt your summer plans.

Prices Slashed: Luxury Mansions on Sale
In today's fragile real estate market, you can grab a ritzy home on the cheap.

Restaurants Are Shrinking Meal Sizes
Eateries respond to both a tight economy and the tight American waistline.

20K Jobs Lost but See Who's Profiting
The U.S. economy is tanking, but for some, the downturn brings more dollars.

College Grads Face a Tough Job Market
Entry-level pay rises, but offers are less plentiful.

In Cuba It's Close, But No Giant Cigar
Cuban cigar roller's latest giant unlikely to create fourth world record.

The Silver Lining in Airline Mergers
Less congestion, more amenities and fewer lost bags -- maybe.

Is It Ethical to Travel on Airplanes?
Some argue that pollution caused by air travel should discourage flying.

Will You Get an Airfare Tax Holiday Too?
Politicians debate suspending the automobile gas tax; what about air travel?

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