U.S. consumer confidence, home prices show weakness

NEW YORK - U.S. consumer confidence fell in September for the first time in five months and home prices in July rose less than expected from a year earlier, underscoring the unsteady nature of U.S. growth.

Recent Business News

Pimco CEO says firm to expand equities business: CNBC

NEW YORK - Pimco intends to expand its equities business and there will be no difference in the firm's portfolio management following the departure of former Chief Investment Officer Bill Gross, two top Pimco executives said on Tuesday.

5:24pm EDT

BNY Mellon to shut derivatives sales, trading business: Bloomberg

- Bank of New York Mellon Corp told a group of employees on Tuesday that it is shutting its derivatives sales and trading business, Bloomberg reported.

5:30pm EDT

Portugal sounds out Spanish banks on Novo Banco sale: sources

MADRID - Portugal has begun sounding out Spanish banks on their interest in buying Novo Banco, the successor to the state-rescued Banco Espirito Santo (BES), several sources familiar with the talks said on Tuesday.

Portugal, Spain, Deals 3:00pm EDT

Microsoft names next operating system 'Windows 10'

SAN FRANCISCO - Microsoft Corp announced its 'Windows 10' operating system on Tuesday to replace the largely unpopular Windows 8, skipping a number to mark a leap toward unifying the way people work on tablets, phones and traditional computers.

Tech, Media 4:28pm EDT

EU says Ireland swapped Apple tax deal for jobs

BRUSSELS/LONDON - The European Union has accused Ireland of swerving international tax rules by letting Apple shelter profits worth tens of billions of dollars from revenue collectors in return for maintaining jobs. | Video

Tech, Ireland, Media 1:50pm EDT


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