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Wednesday September 2nd, 2015 4:38AM
12:04AM ( 4 hours ago ) News Alert
Pedestrian struck, killed at Banks Crossing
The Georgia State Patrol confirms a pedestrian died after being struck by a large truck at Banks Crossing Tuesday night.

Stocks slide as new home sales fall

By The Associated Press
NEW YORK - Signs of a weaker housing market and a gloomier outlook on the economy are giving investors more reasons to dump stocks.

Stocks have fallen sharply Wednesday after the government said new home sales dropped 3.6 percent in September.

Goldman Sachs added to investors' unease by reducing its expectation for the nation's economic output. The government's report on gross domestic product for the third quarter is due Thursday.

The Dow Jones industrial average is down 119 at 9,763. The Standard & Poor's 500 index is down 21 at 1,043. And the Nasdaq composite index has fallen 56 to 2,060.

Nine stocks fell for every one that rose on the New York Stock Exchange. Volume came to 1.6 billion shares compared with 1.4 billion Tuesday.

(Copyright 2009 by The Associated Press. All Rights Reserved.)
  • Associated Categories: Business News
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Treasury winds down bank bailouts with $29M outlay
The Treasury Department said Thursday it has pumped $29.3 million into 10 banks, which will be the last to receive investments as part of the taxpayer-funded program to shore up the financial system.
2:25PM ( 5 years ago )
Pilgrim's Pride pays $4.5M to end immigrant probe
The U.S. Attorney's Office says it will not prosecute Pilgrim's Pride Corp. for immigration violations and has dropped an investigation into workers at the chicken producer's plants.
12:59PM ( 5 years ago )
Jobless claims fall unexpectedly as layoffs ease
The number of newly laid-off workers filing claims for unemployment benefits dropped unexpectedly last week, a sign the job market is healing as the economy slowly recovers.

9:31AM ( 5 years ago )
Business News
China leads Asian stock markets lower after poor factory data reinforce investor nervousness
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11:03PM ( 5 hours ago )
Gainesville City Council has short fuse on new fireworks law
The Gainesville City Council voted unanimously Tuesday evening to exercise the limited influence left under their jurisdiction by the General Assembly in the spectrum of consumer fireworks.
10:26PM ( 6 hours ago )
HEMC in negotiations to acquire broadband provider
While no official announcement has been made, Habersham Electric Membership Corp. officials confirmed the electric cooperative is in negotiations to purchase an area Internet provider.
1:52PM ( 14 hours ago )
Survey: Growth in US manufacturing slows again in August, slips to lowest level since May 2013
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12:29PM ( 16 hours ago )
Piedmont welcomes largest-ever freshman class
Piedmont College students—including a record number of freshmen in the Class of 2019—opened the fall semester with a traditional Convocation service recently that marked the college’s 118th year.
By AccessWDUN staff
10:28AM ( 18 hours ago )