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

Walgreen posts highest quarterly sales growth in 3 years

- U.S. drugstore chain operator Walgreen Co reported its biggest jump in quarterly sales in three years, helped by higher prescription sales, sending its shares up more than 3 percent in premarket trading.

8:45am EDT

Venezuela-Exxon arbitration ruling due this week: sources

HOUSTON - The World Bank arbitration tribunal will give its final ruling this week on a multi-billion dollar claim by Exxon Mobil Corp against Venezuela over a 2007 nationalization, legal sources said on Tuesday.

11:46am 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

News Corp to buy real estate website operator Move for $950 mln

- Rupert Murdoch's News Corp will buy Move Inc , the owner of property websites such as, for about $950 million to expand its digital marketing business as advertising revenue from its print business dwindles.

Deals, Tech, Media, Rupert Murdoch 10:58am 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


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