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Business News

  • Contracts to buy US homes slip in June

    Monday, Jul 28, 7:30 am
    WASHINGTON (AP) -- Fewer Americans signed contracts to buy homes in June, as the real estate market appears to have cooled off this summer.The National Association of Realtors says its seasonally... Read more...
  • Zillow buying Trulia to make real estate titan

    Monday, Jul 28, 7:24 am
    NEW YORK (AP) -- Real estate website operator Zillow is buying rival Trulia in a $3.5 billion deal that would make the biggest player in the online real estate market.Zillow would also become... Read more...
  • RPM Intl agrees to $797.5M deal on asbestos claims

    Monday, Jul 28, 6:54 am
    MEDINA, Ohio (AP) -- RPM International plans to spend nearly $800 million as part of a preliminary deal to fund a trust that resolves asbestos personal injury claims tied to a business owned by its... Read more...
  • Lloyds bank settles with US, UK over market fixing

    Monday, Jul 28, 6:54 am
    LONDON (AP) -- Lloyds Banking Group says it will pay 218 million pounds ($400 million) to U.S. and British authorities to settle allegations it manipulated benchmark interest rates.The group... Read more...
  • Virgin America files for IPO

    Monday, Jul 28, 6:48 am
    NEW YORK (AP) -- Virgin America's next destination is Wall Street.The California-based airline filed on Monday for an initial public offering of shares.Virgin America Inc., which operates... Read more...
  • Tyson to sell Mexico, Brazil poultry operations

    Monday, Jul 28, 5:00 am
    SPRINGDALE, Ark. (AP) -- Tyson Foods plans to sell its poultry businesses in Mexico and Brazil for $575 million in cash to help pay debt from its recently announced acquisition of Hillshire Brands.The... Read more...
  • EU antitrust body clears Apple's $3bn Beats deal

    Monday, Jul 28, 4:30 am
    BRUSSELS (AP) -- The European Union's antitrust authority has cleared Apple's $3 billion deal to buy Beats Electronics, which makes headphones and offers music streaming services.The 28-nation... Read more...
  • Britain reopens way for fracking

    Monday, Jul 28, 4:24 am
    LONDON (AP) -- Energy firms will be able to bid for licenses Monday to explore for shale gas in Britain, three years after the controversial fracking process caused seismic tremors which led the government... Read more...
  • Samsung postpones launch of Tizen smartphone

    Monday, Jul 28, 3:42 am
    SEOUL, South Korea (AP) -- Samsung Electronics Co. said Monday it is delaying sales of its first Tizen-powered smartphone in the latest setback to the company's ambition to create a mobile platform... Read more...
  • Nissan profit rises on strong sales, cheap yen

    Monday, Jul 28, 2:12 am
    TOKYO (AP) -- Nissan's quarterly profit rose nearly 37 percent, helped by a favorable exchange rate and healthy sales in North America and China.Nissan Motor Co. reported Monday a better-than-expected... Read more...
  • Chinese portal Sohu reports $45 million loss

    Sunday, Jul 27, 11:30 pm
    BEIJING (AP) -- Inc., operator of a popular Chinese Internet portal, said Monday it lost $45 million in the latest quarter while revenue rose 18 percent to $400 million.The loss for... Read more...
  • Charles Russell art fetches millions at auction

    Sunday, Jul 27, 3:30 pm
    RENO, Nev. (AP) -- A total of 30 Charles M. Russell works fetched millions of dollars at auction in Reno, with one painting symbolizing the railroad's effect on American Indians drawing $1.9 million... Read more...
  • Survey: US gas prices fall 9 cents to $3.58

    Sunday, Jul 27, 1:42 pm
    CAMARILLO, Calif. (AP) -- A national survey finds the average U.S. price of regular-grade gasoline has plummeted 9 cents a gallon over the past two weeks to $3.58.That's the largest drop this... Read more...
  • Fast food workers vow civil disobedience

    Saturday, Jul 26, 5:36 pm
    VILLA PARK, Ill. (AP) -- Comparing their campaign to the civil rights movement, fast food workers from across the country voted Saturday to escalate their efforts for $15-an-hour pay and union membership... Read more...
  • Incubator farms nurture agriculture entrepreneurs

    Saturday, Jul 26, 9:56 am
    ITHACA, N.Y. (AP) -- A physicist from Armenia, a juice-maker from Bermuda and a Burmese sushi chef are crafting new careers in agriculture under a program that applies the business incubator model to... Read more...
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