Business and financial news

2:00pm: Treasury secretary says stimulus plan will help, and that financial system is getting stronger. more

7:01pm: The pioneering California vintner helped turn Napa Valley into a world center of the wine industry. more

3:06pm: Nonresidential construction held up as housing slumped. But a slowdown for offices, hotels and malls is looming, which could be another jolt to the economy. more

Apartments key to construction gain

9:41am: Surprise boost in total housing starts last month, but single-family construction falls to 17-year low. more

Fannie lowers down payments

12:39pm: The government-sponsored mortgage financier says it will require between 3% and 5% for all loans it guarantees. more

More News

• Yahoo in faceoff with Icahn | Carl Icahn's letter to Yahoo's board

• Week 3 of rebates: $13.5 billion sent out

• World economy on thin ice - U.N.

• Memorial Day driving to drop slightly

• Lehman Brothers to cut 5% of staff

• Booz Allen sells $2.54B stake to Carlyle

• Macy's plays nice with FAO Schwarz

• GE plans to exit appliance business

• More manufacturing weakness

• A $3 trillion climate change battle

• Bernanke urges better oversight

• GE gets $20M military contract

• Fliers squeezed by government fees

• Congress passes farm bill, defies Bush

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