United States

Housing Market

Boost for Boeing as BA owner backs grounded jet with 200-plane order


LE BOURGET, France Boeing won a major vote of confidence at the Paris Airshow on Tuesday as British Airways owner IAG signed a letter of intent to buy 200 of its 737 MAX jets that have been grounded since March after two deadly crashes.

U.S. housing starts drop in May masks some signs of improvement

WASHINGTON U.S. homebuilding fell in May, but groundbreaking activity in the prior two months was stronger than previously thought, pointing to some tentative signs of improvement in the struggling housing market.

12:49pm EDT

Google announces $1 billion additional investment in housing across Bay Area

Alphabet Inc's Google on Tuesday announced an additional $1 billion investment in housing across the San Francisco Bay Area.

12:27pm EDT

Germany needs to ease rules to hit 2030 renewables target

FRANKFURT Germany needs to ease restrictions on the location and size of solar power plants and wind turbines and increase incentives if the country is to meet a target demanding it double renewable energy capacity by 2030, energy companies said on Tuesday.

11:20am EDT

Investor Litt says Hudson's Bay worth double chairman's C$1.74 billion bid

Activist shareholder Jonathan Litt lambasted a C$1.74 billion bid to take Canadian retailer Hudson's Bay Co private as "woefully inadequate" on Tuesday, saying the chairman-led shareholder group looking to push through a deal could double the offer.

9:49am EDT

U.S. housing starts fall, but prior months revised up

WASHINGTON U.S. homebuilding unexpectedly fell in May, but data for the prior two months was revised higher and building permits increased, suggesting that the housing market was drawing some support from a sharp decline in mortgage rates.

8:55am EDT

BoE official warns of confidence risk after Woodford suspension

LONDON The recent suspension of a high-profile British equity fund could become a "very big problem" if it caused investors to doubt the integrity of the financial system, Bank of England policymaker Anil Kashyap said on Tuesday.

8:33am EDT

Hungarian government will play role in 5G network building: minister

BUDAPEST Hungary's government will have to play a role in building a 5G network in co-operation with service providers to ensure the infrastructure is put in place quickly, the innovation and technology minister said on Tuesday.

4:27am EDT

China's home prices growth fastest in five months, raises policy challenge

BEIJING New home prices in China rose at their fastest pace in five months in May, complicating government efforts to keep frothy housing markets under control as it rolls out more stimulus for the slowing economy.

Jun 17 2019

U.S. court voids $65 million settlement tied to Allen Stanford Ponzi scheme

A federal appeals court on Monday threw out a settlement requiring insurers to pay $65 million to a court-appointed receiver for companies once run by Allen Stanford, the Texas financier serving a 110-year prison term for running a large Ponzi scheme.

Jun 17 2019