Business News
WASHINGTON (AP) — Sales of previously occupied U.S. homes ticked up last month to the highest level in three and a half years, helped by a jump in the number of houses for sale.The National Association of Realtors said Wednesday that sales rose ...more
NEW YORK (AP) — Lowe's said Wednesday that its first-quarter net income rose nearly 3 percent, but results fell short of expectations as rainy weather hurt spring gardening sales.The No. 2 home improvement retailer's results stood in contrast to ...more
REYKJAVIK, Iceland (AP) — The leader of Iceland's center-right Progressive Party was chosen as the island nation's new prime minister Wednesday and promptly announced a halt to talks with the European Union about Iceland joining the 27-nation bloc. ...more
BELLEVUE, Wash. (AP) — Clearwire wants to accept a richer buyout offer made by Sprint this week and is recommending that shareholders vote in favor of it.Sprint upped its bid by 14 percent to $2.5 billion Tuesday for the wireless data network op ...more
WASHINGTON (AP) — US home sales rise slightly to 4.97 million in April, highest in 3 ½ years; inventories jump. ...more
NEW YORK (AP) — Evian is giving itself a facelift to keep up with its sleek, young competitors on store shelves.The water, which is owned by French food and beverage company Danone, is unveiling a new bottle for the first time in 14 years as it ...more
NEW YORK (AP) — Evian is giving itself a facelift to keep up with its sleek, young competitors on store shelves.The water, which is owned by French food and beverage company Danone, is unveiling a new bottle for the first time in 14 years as it ...more
NEW YORK (AP) — Target Corp. reported a 26 percent drop in first-quarter profit as cool temperatures and financial pressures limited customers' appetite for spending.The company, based in Minneapolis, also cut its annual profit outlook, sending ...more
SINGAPORE (AP) — The parents of an American software engineer who believe their son was murdered last year in Singapore withdrew from the inquest Wednesday, saying they have no confidence in the city-state's legal process.Shane Truman Todd's bod ...more
DETROIT (AP) — The Detroit automakers are largely forgoing the traditional two-week summer break at their factories and speeding up production to meet buyers' growing demand for new cars and trucks.Ford Motor Co. said Wednesday that 21 of its No ...more
