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U.S. home prices rise less than expected in July: S&P/Case-Shiller

NEW YORK - U.S. single-family home prices rose in July on a year-over-year basis but fell short of expectations, a closely watched survey said on Tuesday.

Recent Business News

Auto recovery wobbles in Paris show spotlight

PARIS - Europe's anemic car market rebound could be over before it has really begun. That is the fear of executives as they gather for the Paris auto show opening on Thursday, the biggest industry event in the regional calendar.

9:13am EDT

Vanguard, BlackRock may reap billions from Pimco after Gross exit

NEW YORK/BOSTON - Vanguard Group and BlackRock Inc could be prime destinations for hundreds of billions of dollars in assets that may flee Pimco in the wake of the sudden exit of Bill Gross, the celebrated "Bond King" of U.S. mutual funds. His new company, Janus Capital Group Inc, may see Gross's cachet attract tens of billions of dollars, investors and analysts said.

5:38am EDT

EU says Ireland tax deal with Apple was state aid

BRUSSELS/LONDON - The European Union has accused Ireland of giving Apple Inc. state aid by letting the iPhone maker shelter profits worth tens of billions of dollars from tax, in return for maintaining jobs.

Tech, Ireland, Media 9:24am EDT

Morningstar strips Pimco Total Return Fund of its gold rating

- Morningstar downgraded its analyst rating on the Pimco Total Return Fund to "bronze" from "gold", citing uncertainty about outflows and the reshuffling of management responsibilities after the exit of co-founder Bill Gross.

5:15am EDT

Retirement plan advisers set to flee Pimco after Gross exit

- Bill Gross's sudden departure from Pimco and the Total Return Fund he ran for 27 years was the last straw for Jim Phillips, president of Retirement Resources, a Peabody, Massachusetts-based firm that advises 401(k) plans with $50 million to $100 million in assets. He's advising clients to head for the exits.

1:28am EDT

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