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Snip! Nearly One-Fifth of Homes Have No Landline  By the end of the year one in five American households may well not have a home phone line. That���s the conclusion of a new report by Nielsen, which says that already 17 percent of homes rely entirely on cellphones .

U.S. Economy Faces `Fundamental Oversupply' of Homes, HUD Says  Sept. 17 -- The U.S. economy is suffering from a ``fundamental oversupply'' of homes and a glut of subprime mortgages scheduled to reset through 2010 that will continue to weigh on housing prices, Housing and Urban Development Secretary Steven Preston said.

NC county to buy flood-damaged homes  Mecklenburg County could spend more than $4 million to buy as many as 50 homes that suffered serious flood damage after Tropical Storm Fay and other storms. The Charlotte Observer reported Wednesday the voluntary program would be limited to homes damaged in floods on Aug. 27, after Fay drenched the Charlotte area, or Sept. 10. The homes also must be prone to future flooding. Melba Adams has one ...

Distressed homes are half of August sales  Just over 50 percent of the homes sold in August were dumped by desperate owners trying to avoid foreclosure or by banks that seized them from borrowers who fell behind on their mortgages.

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Housing construction plunges 6.2 pct. in August   Construction of new homes and apartments fell to the weakest pace in 17 years in August, far more than expected, but lower mortgage rates and tax credits have given builders some glimmer of hope of a possible rebound.

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Powdery Substance Found at Downtown Federal Building  The white powder was reportedly found inside the U.S. Post Office at 615 E. Houston Street Wednesday afternoon.

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Report Of Missing Person At Sunset Beach  THURSTON COUNTY, Wash. -- There is a report of a missing person in the waters at Sunset Beach at Chambers Creek, across from Fox Island, said the U.S. Coast Guard in Seattle.

Fire crews responding to dryer fire at ADM plant  Fire crews are on the scene at the Archer Daniels Midland plant in southwest Cedar Rapids after a report of a dryer on fire.Three fire engines and an ambulance have arrived. A ladder truck is getting in position to reach the roof of the dryer bin, according to scanner traffic.Little information is currently known.One of the first firefighters on scene reported "smoldering paper filters ...

Team notes: Dover due up for Chase contenders  NASCAR team reports as the Sprint Cup Series heads for the second round of its annual 10-race Chase to determine a series champion at Dover International Speedway:

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Look for stocks ready to grow  A key to successful investing is spotting winners early, so Kiplinger reports on things to watch for. Among them are out-of-favor blue chips, such as Target TGT, whose stock has been down lately. But because Target's fundamentals are sound, Kiplinger expects the stock to double as the economy improves. Other things to look for are sound companies in distressed industries, such as American ...

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