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Wednesday, July 23, 2014, 9:36 a.m.
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Housing resales up 2.6% in June

posted: 07/23/2014 2:27 a.m. Discuss

Sales of previously owned U.S. homes climbed in June to an eight-month high as more listings helped prices cool, luring buyers into the market.

Consumer price gain slips in June

posted: 07/23/2014 2:23 a.m. Discuss

WASHINGTON -- U.S. consumer prices rose in June at a slightly slower pace than in May, with two-thirds of the June advance driven by the largest jump in gasoline prices in a year.

Microsoft profit cut by Nokia acquisition, as iPhones lift Apple

posted: 07/23/2014 2:22 a.m. Discuss

Microsoft Corp., which last week announced the biggest job cuts in company history, reported a quarterly profit Tuesday that fell short of estimates in its fiscal fourth quarter, weighed down by the acquisition of Nokia Oyj's handset business.

Verizon tops profit forecast as tablets fuel sign-up gains

posted: 07/23/2014 2:21 a.m. Discuss

Verizon Communications Inc., the largest U.S. wireless carrier, exceeded profit estimates on stronger customer gains even as rivals including T-Mobile US Inc

Malaysian Air at fork in the sky

posted: 07/23/2014 2:20 a.m. Discuss

Malaysian Airline System Bhd., reeling from its second disaster in four months, is nearing the end of its days as a publicly traded company.

Earnings Report

posted: 07/23/2014 2:19 a.m. Discuss

Companies reporting quarterly earnings Tuesday included:

Market report: Profit reports send stocks higher

posted: 07/23/2014 2:19 a.m. Discuss

NEW YORK -- Solid earnings reports from several big companies helped nudge the stock market higher Tuesday.

Business news in brief

posted: 07/23/2014 2:18 a.m. Discuss

Preservation program grants available

U.S. home sales increase 2.6% in June

posted: 07/22/2014 11:15 a.m. Discuss

WASHINGTON — Sales of previously owned homes rose for a third straight month in June, pushing activity to the highest level in eight months and providing evidence that housing is regaining lost momentum.

Firms report rising sales, hiring

posted: 07/22/2014 2:21 a.m. Discuss

Rising sales helped improve hiring and wages at U.S. businesses in the second quarter, and companies are optimistic that the trends will continue this fall, according to a survey by the National Association for Business Economics.

U.S. craft brewers setting up in Europe

posted: 07/22/2014 2:19 a.m. Discuss

Helping to quench a growing thirst for American craft beer overseas, some of the United States' largest craft breweries are setting up shop in Europe, challenging the very beers that inspired them on their home turfs.

As SpaceX seeks launch work, Air Force probes anomalies

posted: 07/22/2014 2:17 a.m. Comment 1

The Air Force is examining several anomalies that occurred during three Space Exploration Technologies Corp. rocket launches as part of its review of billionaire Elon Musk's quest to begin launching military satellites.

AIG boss: Tax cut keeps firms in U.S.

posted: 07/22/2014 2:16 a.m. Discuss

American International Group Inc. Chairman Steve Miller said Monday that lawmakers should bring U.S. corporate tax rates in line with other nations' to halt firms from switching their legal address to cut obligations.

China expired-meat probe cites U.S. firms

posted: 07/22/2014 2:11 a.m. Discuss

McDonald's and KFC in China faced a new food safety scare Monday after a Shanghai television station reported a supplier sold them expired beef and chicken.

Market report: Politics, short results hit stocks

posted: 07/22/2014 2:09 a.m. Discuss

The stock market started the week with a slight loss on Monday as investors weighed a mixed batch of corporate earnings against mounting political turmoil.

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