WASHINGTON - Senator Susan Collins rebuffed intense lobbying from fellow Republicans, deciding to oppose - and likely doom - her party's last-ditch effort to repeal Obamacare.
Business & Financial News, U.S & International Breaking News
U.S. new home sales fall to eight-month low in August
Sales of new U.S. single-family homes unexpectedly fell in August, hitting their lowest level in eight months, the latest indication that the housing market was slowing.
Tech stocks power Wall St. at open
A bounce in tech stocks, led by Apple and Nvidia, lifted the three major indexes on Tuesday.
Alibaba takes control of logistics business, pledges $15 billion to expand network
Chinese e-commerce firm Alibaba Group has taken control of logistics unit Cainiao and pledged to spend 100 billion yuan ($15 billion) over five years to build out a global logistics network, underscoring aggressive expansion plans overseas.
Oil near 26-month high as Turkey threatens to choke Kurdish exports
Brent oil prices hovered near 26-month highs on Tuesday, supported by Turkey's threat to cut crude exports from Iraq's Kurdistan region and signs of quicker market rebalancing.
Western Digital to seek injunction to block Toshiba's $18 billion chip unit sale
Western Digital Corp said on Tuesday it will seek an injunction to block the sale of Toshiba Corp's prized semiconductor business to a rival group, upping the ante in an acrimonious battle with its chip venture partner.
Mexico in three-day countdown to search for earthquake survivors
Rescuers are unlikely to find any more survivors of Mexico's earthquake still buried in the ruins and will cease operations to find them at the end of Thursday, the emergency services chief said.
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