Housing prices are on the rise across the country, according to the latest Standard & Poor's/Case-Shiller home-price index. But there's more to the story behind the numbers. Guest host Celeste Headlee speaks with WDET Senior News Editor Quinn Klinefelter and housing market expert Eugene James.
There was a sharp drop in demand for durable goods last month. Meanwhile, it looks like the economy slowed more than thought in the spring. One bit of bright news: Claims for unemployment benefits declined last week.
A tentative contract agreement has been reached between the National Football League and the referees' union. The impasse began in June when the NFL locked out the officials and used replacement referees.
SoloPower is on its way to receiving a loan of $197 million from the Energy Department — the same kind given to now-bankrupt Solyndra. But SoloPower has to meet a number of benchmarks before tapping into the fund, and one step toward that is the opening of a new plant in Oregon on Thursday.
Kareem Serageldin is accused of hiding mortgage security losses during the financial crisis. He faces extradition to the U.S. A former senior trader for Credit Suisse, Serageldin is the highest level Wall Street executive to be charged in a case related to the 2008 financial meltdown.
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