Channel: News & Politics
Uploaded: December 31, 1969 at 11:59 pm
Author: AssociatedPress
Length: 01:06
Rating: 1.00
Views: 174
BusinessMoney Minute: Home Sales, NetFlix, GMMoney Minute: Home Sales, NetFlix, GMThe Associated PressSales of new homes fell in June for the seventh time in the past eight months. The decline was less than had been expected and is raising faint hopes that the housing recession could be approaching a bottom. (July 25)AP Money MinuteSales of new homes fell in June for the seventh time in the past eight months. The decline was less than had been expected and is raising faint hopes that the housing recession could be approaching a bottom. Even with the changes, new home sales were down by a sharp 33.2 percent from a year ago, showing how severe the slump in housing has become.----------------------- ------------General Motors says it is extending its employee-discount program to a wider group of non-employees as the Detroit automaker deals with a weak sales environment. GM says the company will allow employees to offer the discount to their friends and extended family through July 31. ----------------------------Netflix's second-quarter profit crept up 4 percent to $26.6 million, or 42 cents per shareThe online DVD rental leader signed up 168,000 new customers to the service while spending less money to attract them.Netflix had far more success luring new subscribers than last year when it lost 55,000 customers during the spring _ the only quarter service has shrunk in its nine-year history.I'm Mark Hamrick with AP Money Minute(****END****)