(Advertisement)

National Business News

RSS

New-home sales tumble 6.8% in June; supply low

Subscriber onlyNew-home sales slumped 6.8 percent last month to a seasonally adjusted annual rate of 482,000, the Commerce Department said Friday. The report also revised May sales down to a rate of 517,000 from 546,000. Continue reading...

Post-crash airline fees probed

Carriers accused of price-gouging after Amtrak wreck

Subscriber onlyTransportation Secretary Anthony Foxx said Friday the government has opened a price-gouging investigation involving five airlines that allegedly raised airfares in the Northeast after a deadly Amtrak crash in Philadelphia in May disrupted rail service. Continue reading...

4th straight drop market's largest

Subscriber onlyThe U.S. stock market capped a four-day losing streak Friday with its biggest drop of the week. Continue reading...

Business news in brief

Subscriber onlyAmazon's market value tops Wal-Mart's Amazon.com Inc. surpassed Wal-Mart Stores Inc. as the world's biggest retailer by market value after a surprise second-quarter profit sent the e-commerce company's stock into record territory. Continue reading...

GM's earnings increase fivefold

Strong sales in U.S. propel $1.12B second-quarter profit

Subscriber onlyGeneral Motors reported Thursday that its second-quarter earnings quintupled from a year ago, despite taking charges for currency fluctuations and asset writedowns in foreign markets. Continue reading...

Profits soft, stocks fall a third day

Subscriber onlyInvestors have been second-guessing the strength of company results this week, and they found more reasons to do so Thursday. Continue reading...

United plans $3 billion stock buyback

Southwest Airlines intends to speed up repurchase of $500 million in shares

Subscriber onlyUnited Continental Holdings plans a $3 billion buyback, the airline's biggest ever, as the largest U.S. carriers accelerate repurchases during a slump in share prices. Continue reading...

30-year mortgage rates down to 4.04%

Subscriber onlyAverage long-term U.S. mortgage rates fell this week, retreating from highs for the year and amplifying the incentive for prospective homebuyers. Continue reading...

Comcast earnings meet expectations

Subscriber onlyComcast Corp., the nation's largest cable television and broadband provider and owner of the Universal film studio, reported second-quarter earnings in line with analysts' estimates. Continue reading...

Price boost lifts Coke past forecast

But sales drop from 2014, continuing industrywide decline

Subscriber onlyCoca-Cola Co., the world's largest beverage company, posted second-quarter earnings that beat analysts' estimates after increasing drink prices and cutting expenses. Continue reading...

Home sales surge 3.2%, best since '07

Subscriber onlyPurchases of previously owned homes climbed 3.2 percent in June to a 5.49 million annualized rate, the strongest since February 2007, the National Association of Realtors said Wednesday. Continue reading...

Tanker delays hit profit at Boeing

Subscriber onlyAerospace giant Boeing Co. saw its earnings plunge by a third in the second quarter because of repeated delays with a military fuel tanker. Continue reading...

FCC rapped on DirecTV, AT&T terms

Subscriber onlyConsumer groups that have been lobbying against AT&T's purchase of DirecTV -- which would create the nation's largest pay-TV operator -- expressed disappointment in federal regulators' proposed conditions on the deal, saying they do not appear to go far enough to promote competition among Internet and TV providers. Continue reading...

Bank regulator wary of message system

Subscriber onlyNew York's top financial regulator is asking questions about whether a new messaging platform being developed by Wall Street banks could make it easier for traders to manipulate prices and commit misdeeds. Continue reading...

Microsoft, Apple lead stock slide

Subscriber onlyU.S. stocks notched their second decline in as many days Wednesday, pulled down by a technology stock slump headlined by Apple and Microsoft. Continue reading...