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Updated: 27 min 30 sec ago

US new-home sales tumble 8.1 percent in June to annual rate of 406,000

Thu, 07/24/2014 - 10:05am
Sales of new U.S. homes plunged in June, a sign that real estate continues to be a weak spot in the economy.
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June's Pace Of New-home Sales Hits Three-month Low

Thu, 07/24/2014 - 10:00am
Sales of new single-family homes fell 8.1% in June to a seasonally adjusted annual rate of 406,000, the slowest pace in three months, with drops across the country, according to government data released Thursday.
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30-year Fixed-rate Mortgage Stays At 4.13%: Freddie Mac

Thu, 07/24/2014 - 10:00am
The 30-year fixed-rate mortgage averaged 4.13% in the week ending July 24, unchanged on the week and just above the low of the year, according to mortgage buyer Freddie Mac.
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New data processing center in Kentucky expected to create 100 jobs

Thu, 07/24/2014 - 9:56am
Data Dimensions Corp. plans to open a data processing center in Mount Sterling and create 100 new jobs in the eastern Kentucky town.
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Latest survey of honey bee loses in Virginia shows colony deaths near 33 percent

Thu, 07/24/2014 - 9:50am
Virginia continues to see steep honey bee colony losses.
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Metropolitan Opera warns unionized workers to prepare for lockout if no deal is reached

Thu, 07/24/2014 - 9:48am
The Metropolitan Opera's general manager is warning of a lockout if no contract agreement is reached with its union employees by next week.
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US stock market inches higher at open after Facebook, Ford and others report quarterly results

Thu, 07/24/2014 - 9:44am
The U.S. stock market is opening slightly higher as several big companies across industries report second-quarter earnings.
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Southwest Air 2nd-qtr profit tops estimates on record revenues

Thu, 07/24/2014 - 9:38am
Southwest Airlines Co posted higher-than-expected quarterly profit on Thursday as it boarded more passengers and garnered higher air fares.
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Under Armor raises sales forecast as quarterly sales surge

Thu, 07/24/2014 - 9:37am
Sports apparel manufacturer and retailer Under Armor Inc's quarterly revenue rose by than a third as it benefited from growing interest in fitness among women and young people, and the company raised its full-year sales forecast.
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New Mexico legislators want to remove TV series from cap on tax incentives

Thu, 07/24/2014 - 9:36am
Two Democratic lawmakers plan to ask the Legislature to revamp a $50 million annual cap on tax incentives for film and television production in New Mexico.
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Port Authority promises short-term changes, long-term replacement of NYC bus terminal

Thu, 07/24/2014 - 9:34am
A replacement for the aging and outdated Port Authority Bus Terminal may be a decade or more away, but officials at the agency said Wednesday they plan to improve commuters' daily experience with a series of smaller measures while rethinking a long-term capital plan to include a new facility.
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Lilly beats forecasts, vows to remain independent

Thu, 07/24/2014 - 9:31am
Eli Lilly and Co's quarterly revenue plunged due to generic competition for its Cymbalta depression drug and its Evista osteoporosis treatment, but cost controls helped earnings beat forecasts.
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Higher fares, more full seats help push Southwest Airlines to record 2Q profit of $465 million

Thu, 07/24/2014 - 9:10am
Southwest Airlines is reporting a record profit for the second quarter, more than doubling what it earned a year ago.
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Raytheon posts 13 pct profit rise, maintains outlook

Thu, 07/24/2014 - 9:00am
U.S. weapons maker Raytheon Co reported a 13 percent rise in second-quarter profit, helped by cost cutting and favorable pension adjustments, and maintained its full-year forecast.
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Hermes picks a behind-the-scenes name for new womenswear designer

Thu, 07/24/2014 - 8:55am
French luxury powerhouse Hermes has named Nadege Vanhee-Cybulski as their new womenswear designer.
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GSK seeks approval for world's first malaria vaccine

Thu, 07/24/2014 - 8:53am
GlaxoSmithKline said on Thursday it is applying for regulatory approval for the world's first vaccine against malaria, designed for children in Africa.
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Wal-Mart promotes exec of Asia division Greg Foran as new CEO of Wal-Mart US stores

Thu, 07/24/2014 - 8:53am
Wal-Mart Stores Inc. says U.S. discount-store chief Bill Simon is stepping down.
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Wal-Mart says Asia chief Greg Foran to now head U.S. business

Thu, 07/24/2014 - 8:48am
Wal-Mart Stores Inc said Greg Foran, the head of its Asia business, would now lead its struggling U.S. business.
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Settlement reached in lawsuit alleging overcharges in Ohio workers' compensation premiums

Thu, 07/24/2014 - 8:46am
The Ohio Bureau of Workers Compensation has agreed to pay $420 million to state employers for overcharging them for insurance premiums for years.
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Facebook shares set to reach record high as market likes earnings

Thu, 07/24/2014 - 8:45am
Shares of Facebook Inc were set to open at a record high on Thursday after a surge in mobile advertising revenue helped the world's No. 1 social network trounce analysts' expectations for quarterly profit and revenue.
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