Business News

Business US existing home sales rise for 4th straight month US existing home sales rise for 4th straight month
Sales of existing U.S. homes rose for the fourth straight month in July to their highest level in nearly a year, the latest sign that the housing recovery is picking up after stumbling at the start of the year.
Business Russia checks more McDonald's after closing 3 Russia checks more McDonald's after closing 3
Russia's food safety agency said Thursday that it was checking McDonald's restaurants around the country, a day after several branches of the chain were shuttered in Moscow.
Business Drought has state debating its unregulated pumping
The many ways that Californians increasingly are feeling the bite of the drought made this month's legislative session one of the strongest chances ever for the state to overcome the objections of farmers and others to adopt its first statewide groundwater management plan, backers say.
Business Bank of America reaches $17 billion settlement with US Bank of America reaches $17 billion settlement with US
Officials familiar with the deal say Bank of America has reached a record $17 billion settlement with federal and state authorities over its role in the sale of mortgage-backed securities in the run-up to the 2008 financial crisis.
Business Yellen to give her outlook as Fed honeymoon fades Yellen to give her outlook as Fed honeymoon fades
Janet Yellen has won credit for guiding the Federal Reserve's first six months of transition from the Ben Bernanke era. Bernanke's Fed had steered the economy through a deep crisis by slashing interest rates and restoring confidence in banks
Business Apple's stock bounces back to hit a new high Apple's stock bounces back to hit a new high
Apple's stock touched a new high Wednesday, reflecting investors' renewed faith in CEO Tim Cook's ability to outwit the competition and expand the technological hit factory built by the late Steve Jobs.
Business Target cuts outlook as breach fallout lingers Target cuts outlook as breach fallout lingers
Target Corp. slashed its annual profit outlook for the second time in three months as the retailer continues to reel from costs related to a massive data breach, a botched expansion in Canada and sluggish sales in the U.S.