Business and financial news

2:23pm: Gas prices are causing consumers to shun pickups and SUVs, leading to losses at the car maker's North American auto unit. more

Relief seen for soaring rice prices

8:38am: U.N. food agency says new crops may help global prices fall, although they're likely to remain elevated. more

Flight delays cost $41B in 2007 - study

1:18pm: A congressional committee says flight delays cost $19 billion to the air industry, $12 billion to passengers and $10 billion to other industries. more

In search of a fix for jumbo loans

2:07pm: The new jumbo loans that were supposed to get the real estate market moving haven't done the trick. A Congressional hearing today examines why. more

Home prices post record decline

11:49am: A government study finds home prices fell 1.7% in the first quarter of 2008. California, Nevada see sharpest drop. more

More News

• Oil executives face House lawmakers

• Time Warner's big cable dividend

• McDonald's cooking fries in trans-fat-free oil

• Consumers can't save the economy

• UBS raising $15.5B at deep discount

• Record gas prices: 14 straight days

• Senate panel upholds emissions limits

• Lenovo profit up 133%

• American fights high fuel costs

• GM reaches tentative deal at key plant

• Lunch with Buffett eBay auction in June

• Dollar sinks as Fed forecasts weakness

• Mortgage applications drop 7.8%

• Consumers give airlines thumbs down

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