Business
Stocks move higher on home building, low inflation
The stock market is moving higher in midday trading after the government reported gains in home construction and low inflation. Investors are also sending stocks up because they expect the Federal Reserve will keep in place programs meant to prop up the economy. The Dow Jones industrial average was up ...
Argentine cash controls bring bargains, headaches
The Brazilian visitors gawk in wonder as they stroll past shop windows along touristy Florida street in the Argentine capital. The jackets, the shoes — they're all so cheap when your purse is stuffed with black-market money. Visitors who turn to the streets rather than the banks to swap their ...
US consumer prices rise just 0.1 pct. in May
U.S. consumer prices rose slightly last month, as higher energy costs partly offset cheaper food. The small increase is further evidence that consumers are benefiting from mild inflation. The consumer price index ticked up a seasonally adjusted 0.1 percent in May from April, the Labor Department said Tuesday. Over the ...
Wake-up call: Starbucks to post calorie counts
Starbucks has a new way to wake up its customers: showing the calories in its drinks. The Seattle-based coffee chain says it will start posting calorie counts on menu boards nationwide next week, ahead of a federal regulation that would require it to do so. Calorie counts on menus are ...
easyJet to buy 135 single-aisle Airbus A320s
Budget carrier easyJet agreed Tuesday to purchase 135 single-aisle Airbus jets that will allow the European airline to pack in more passengers than it currently does. The companies said at the Paris Air Show that the British-based airline scooped up 35 current generation A320s and 100 of its A320neo. At ...
European car sales hit 20-year low for May
European car sales had their worst May in 20 years as the region's recession drags on, the European automakers' association said Tuesday. Passenger car demand for May dropped by 5.9 percent on the same month last year in the 27-country European Union to 1.042 million units, the lowest level for ...
Boeing nets orders for 102 stretch 787s
Boeing Co. won major orders from five customers for a stretched-out version of its popular 787 Dreamliner jet at the Paris Air Show Tuesday, further evidence of a strengthening market for more expensive long-haul jets. Boeing announced the formal launch of its 787-10 program at the Paris Air Show on ...
Swiss lawmakers reject deal to end US tax spat
Switzerland's lower house of parliament pushed back strongly Tuesday against a government proposal to end a bitter dispute with U.S. authorities over American tax cheats suspected of hiding money in the country's banks. The compromise legislation is at heart a debate over the Alpine nation's vaunted banking secrecy which is ...
Stocks open higher as home building advances
Stocks are opening higher on Wall Street after the pace of home construction picked up in May, the latest encouraging sign from the housing market. The Dow Jones industrial average rose 45 points, or 0.3 percent, to 15,229 in the first few minutes of trading Tuesday. The Standard & Poor's ...
US home construction rises 6.8 percent in May
U.S. builders stepped up home construction in May and applied for permits to build single-family homes at the fastest pace in five years. The gains show housing remains a key source of growth for the economy. The overall pace of homes started rose 6.8 percent last month to a seasonally ...
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