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Stocks higher on housing but Europe worries linger

PALLAVI GOGOI

From Associated Press, May 16, 2012 9:45 AM EDT

NEW YORK (AP) — Stocks are opening higher on Wall Street on new signs that the long-suffering U.S. housing market may be recovering.

Stock Quotes edit

Symbol	Last	Change
DJIA	12,721.04	+89.04
ELNK	8.51	+0.06

10:23 AM EDT
All quotes at least 15 minutes delayed
Market data provided by Interactive Data
All content of the Dow Jones Averages © CME Group Index Services LLC 2011.

Financial News

from TheStreet.com - Wed May 16 09:48:43 EDT 2012

from MainStreet.com

from Bankrate.com - Wed May 16 02:02:35 EDT 2012

from Associated Press - Wed May 16 10:13:34 EDT 2012

Israeli company writes off stake in Egyptian gas

JERUSALEM (AP) — An Israeli company has written off its entire 12.5 percent investment in the company that sold Egyptian natural gas to Israel before Egypt terminated the exports. See full story.

US factory output rose in April on stronger autos
Spain's Repsol sues Argentina over YPF takeover
US housing starts rose to 717,000 in April
Deere fiscal 2Q profit rises, beats expectations
Monti faces renewed pressure to speed reforms

Banking

from Bankrate.com - Wed May 16 04:24:51 EDT 2012

Prepaid card pays 6 percent. What's the catch?

Watch out for fees on prepaid credit cards tempting you to park money for a high yield. See full story.

Prepaid debit cards come with fistful of fees
Warning! 5 prepaid debit card scams to watch for

Real Estate

from Bankrate.com - Wed May 16 04:25:36 EDT 2012

Buyer, beware additions done without permits

Buying a house with additions done on the sly? An inspector is the last person to worry about. See full story.

Calculate the money you need to buy a home
Check out the top 5 housing markets on the rise
House prices rise and fall just about equally
Is it time to lock your mortgage rate?

Taxes

from Bankrate.com - Wed May 16 04:25:57 EDT 2012

Deducting interest when you refi to buy a rental

You can allocate the mortgage interest between your primary residence and the rental property. See full story.

Hot For Words video explains: What is 'tax'?
Infographic: Etymology of the word 'tax'
Must I pay taxes in 2 countries? 'Nein!'
Tax record-keeping tips

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