Iran report pushes oil to new record, gas jumps above $3.73Oil prices shot to a new record near $127 a barrel Tuesday on concerns that Iran may consider cutting crude oil production. Gas prices, meanwhile, rose to a new record over $3.73 a gallon Tuesday, and their advance shows little sign of slowing with Memorial Day weekend, the traditional start of the summer driving season, just 10 days away.

Median home prices drop in many citiesMedian home prices fell in two-thirds of the cities surveyed during the first three months of this year while 46 states reported experienced declining sales, a real estate trade group reported Tuesday.

Corporate Express rebuffs sweetened Staples bidHours after saying it was open to holding talks, Corporate Express NV said Tuesday a sweetened $2.47 billion hostile takeover bid from its larger office products rival Staples Inc. is still too low.

Fewer fliers for summer, but packed planes persistFewer Americans are expected to fly this summer, but don't expect more empty seats as carriers park planes to help offset surging fuel costs.

Bernanke: Financial turmoil in markets easingTurmoil in financial markets has eased somewhat, but the situation is still "far from normal," Federal Reserve Chairman Ben Bernanke said Tuesday.