U.S. home sales sag as prices race to record high
U.S. home sales unexpectedly fell in June, posting their third straight monthly decline as a persistent shortage of properties on the market drove house prices to a record high.
Crude pulls back as focus returns to oversupply
Oil prices edged lower on Monday as the focus turned to oversupply worries, moving away from escalating tensions between the U.S. and Iran, which had driven prices higher early in the session.
Storied tabloid N.Y. Daily News slashes half its news staff
The New York Daily News, the city’s scrappy, 99-year-old tabloid, is laying off half of its editorial staff, as U.S. newspapers continue to struggle with sharply declining advertising revenue and readership, it said on Monday.
Veolia says Claude Laruelle to become new CFO
French water and waste group Veolia said in a statement executive committee member Claude Laruelle had been appointed new chief financial officer.
N.Y. Daily News to slash half of its newsroom staff
The New York Daily News, the city’s scrappy, 99-year-old tabloid, is laying off one-half of its editorial staff, as U.S. newspapers continue to crumple under sharply declining advertising and readership, it said on Monday.
Marvel sales help Hasbro soothe Toys ‘R’ Us headache
U.S. toymaker Hasbro Inc beat expectations for quarterly profit and revenue on Monday as a jump in Marvel toy sales helped it recover ground lost in last year’s Toys ‘R’ Us bankruptcy, sending its shares up as much as 14 percent.
Wall Street flat as financials offset drag from Amazon, industrials
U.S. stock indexes treaded water on Monday, as gains in financials were offset by losses in Amazon and industrials, as investors waited for earnings reports from marquee corporations to assess the impact of an escalating U.S.-China trade conflict.
PNB fraud defendant Choksi fears ‘mob lynching’ in India
One of the main defendants in India’s largest bank fraud case made a court application on Monday for cancellation of an arrest warrant against him, citing fears for his life because of a growing number of mob lynchings in the country.
JPMorgan, Morgan Stanley picked to advise on Aramco’s SABIC deal: sources
JPMorgan and Morgan Stanley have been picked to advise on Saudi Aramco’s plan to buy a controlling stake in petrochemical maker SABIC , several sources familiar with the matter said.
China probes stainless steel imports from Indonesia, EU, Japan, South Korea
China began an anti-dumping investigation on Monday into stainless steel imports worth $1.3 billion, including from a privately owned Chinese mill with operations offshore, after complaints of damage to the local industry.
