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Demand, low supply lift home prices

Subscriber onlyU.S. home prices extended their steady upward march in May, spurred by rising sales and a dwindling supply of available houses. Continue reading...

U.S. judge clears VW settlement

Most of $15B deal earmarked for buybacks, repairs

Subscriber onlyA $15 billion settlement over Volkswagen's emissions cheating scandal cleared a hurdle Tuesday, with a federal judge giving preliminary approval to a deal that includes an option for owners to have the carmaker buy back their vehicles. Continue reading...

Apple touts services, apps as iPhone sales drop 15% in quarter

Subscriber only Apple customers can expect to hear a lot more from the company about the virtues of mobile apps and online services in coming months. They're just about the only part of Apple's business that's growing right now. Continue reading...

McDonald's drop weighs on Dow

Subscriber onlyStocks had a muddled session Tuesday as investors worked through a large batch of corporate earnings from companies including Gilead Sciences, McDonald's and Texas Instruments. Continue reading...

Earnings report

Subscriber onlyCompanies reporting quarterly earnings Tuesday included: Baxter International Inc., a profit of $1.21 billion, or $2.19 a share, up from $332 million, or 13 cents a share, a year ago. Revenue rose 4.4 percent to $2.59 billion. Shares rose $1.91 to close Tuesday at $48.01. Continue reading...

Business news in brief

Subscriber onlyCaterpillar's 2Q profit exceeds forecast PEORIA, Ill. -- Caterpillar's second-quarter performance beat Wall Street's expectations, despite weakness in the mining and oil and gas industries. But the company lowered its full-year adjusted profit guidance again, saying global economic growth remains subdued and isn't sufficient to drive improvement in most of the industries and markets it serves. Continue reading...

As energy sector suffers, hope stirs

Drilling rigs’ cautious return foreseen

Subscriber onlyU.S. energy companies say they expect activity in the oil patch to rebound this year. Continue reading...

Fit to get credit? Web use will tell

China firm to tie searches, scores

Subscriber onlyLOS ANGELES -- For some Chinese loan applicants, online searches will soon determine whether they're creditworthy. Continue reading...

Yahoo exec optimistic after sale

She anticipates more exposure, advertising under Verizon

Subscriber onlyThere are many questions about what will happen to Yahoo Inc. under its new owner Verizon Communications Inc. -- and whether consumers will notice the difference. Continue reading...

Margins steady at bulldozer company

Subscriber onlyCaterpillar Inc. is using cost-cutting logistics to keep profits steady during the commodities meltdown. Continue reading...

Cellphones edge past PCs in Web-shopping traffic, firm says

Subscriber onlyFor retailers at least, the most important screens are now the small ones. Continue reading...

Hotels entice locals to improve ambience

Subscriber onlyFORT LAUDERDALE, Fla. -- Even though he lives nearby, Edilson Cremonese is a regular at the Westin Fort Lauderdale Beach Resort. But he never sleeps there. Continue reading...

Verizon buys Yahoo for $4.83B, marking end of an era

SAN FRANCISCO — Verizon is buying Yahoo for $4.83 billion, marking the end of an era for a company that once defined the internet. Continue reading...

Post-Ailes era a critical time for Fox News

Its aging audience one issue

Subscriber onlyNEW YORK -- Roger Ailes built the Fox News Channel into a ratings juggernaut, one that successfully presented a conservative alternative to mainstream news. Continue reading...

Brooklynites unfazed by canal

Neighborhood thrives in vicinity of icky Superfund site

Subscriber onlyNEW YORK -- It could be a postcard for Brooklyn's hip resurgence: a shimmering new building of modern apartments renting for $5,000 a month, a gourmet grocery with a rooftop greenhouse, and a funky barbecue joint with drinks flowing on the outdoor deck. Continue reading...

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