Business News

Business US home construction up 4.4 percent in December US home construction up 4.4 percent in December
Construction of new homes rebounded in December, helping to push activity for the entire year to the highest level since the peak of the housing boom nine years ago.
Business Japan central bank sees growth rebounding in coming year
Japan's central bank said Wednesday it expects the world's third largest economy to rebound in the coming fiscal year after contracting 0.5 percent this fiscal year, in an upbeat assessment that scuttled hopes for fresh stimulus.
Business Report: Richest 1 percent own half of world's wealth Report: Richest 1 percent own half of world's wealth
The richest 1 percent of the population will own more than half the world's wealth by 2016, Oxfam International said in a report released as the World Economic Forum begins in Davos, Switzerland.