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Amazon picks 20 finalists for HQ2

Amazon narrowed the field in its search for a city for its second headquarters, or HQ2, plucking 20 finalists from among the 238 proposals it received. Only one West Coast city made the cut.

Markets

Long-term mortgage rates rise: 30-year hits 4.04 percent

WASHINGTON (AP) — Interest rates on long-term home loans rose this week to the highest level in months. Mortgage giant Freddie Mac said Thursday that the rate on 30-year, fixed-rate mortgages rose to 4.04 percent this week, highest since May and up from 3.99 percent last week. The rate on 15-year, fixed-rate mortgages, popular with...

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IBM ends 22-quarter streak of falling revenue

The fourth-quarter sales gain of 4 percent was modest, and it won’t erase the doubts of industry analysts who are skeptical that a genuine turnaround is underway at IBM.