Housing recovery intact despite drop in new home sales
WASHINGTON New U.S. single-family home sales tumbled from near a 9-1/2-year high in April, but the housing recovery likely remains intact amid a tightening labor market.
WASHINGTON A possible deal between Senate Republican leader Mitch McConnell and Vice President Joe Biden to avert the "fiscal cliff" would include a two-month delay in automatic federal spending cuts that were due to begin this week, Republican Senator John McCain said on Monday.
McCain said the deal would include $24 billion in other spending cuts to cover the cost of the delay, and would also include a one-year extension of unemployment benefits.
It is unclear if such a deal would go up for a vote in the Democratic-controlled Senate before midnight, the deadline to avoid the "fiscal cliff" of tax hikes and spending cuts. It also faces an uncertain future in the Republican-controlled House of Representatives.
(Reporting by Richard Cowan; Editing by Will Dunham)
Uber Technologies Inc [UBER.UL] said on Tuesday it underpaid its New York City drivers for the past two-and-a-half years, an error that could cost the ride-hailing company tens of millions of dollars.
WASHINGTON The U.S. government filed a civil lawsuit Tuesday accusing Fiat Chrysler Automobiles NV of illegally using software to bypass emission controls in 104,000 diesel vehicles sold since 2014.