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.
Wal-Mart Stores Inc (WMT.N) said on Tuesday that U.S. sales have improved since mid-February after cold and snowy weather dented business in the first half of that month.
The world's largest retailer has had "very good sales" in recent weeks, Chief Financial Officer Charles Holley said at an investor conference in New York that was also webcast.
(Reporting by Phil Wahba in New York; Editing by Phil Berlowitz)
Corporations are cheering a U.S. Supreme Court decision limiting where they can be sued for patent infringement, but some intellectual property lawyers say loopholes in the ruling likely mean lawsuits will continue to be filed in plaintiff-friendly jurisdictions.
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.