HP Inc’s quarterly profit beats on higher PC sales
(Reuters) – HP Inc , which houses the hardware business of former Hewlett-Packard Co, reported a slightly higher-than-expected quarterly profit as it sold more personal computers.
Toll’s average price to fall as millennials buy cheaper homes
(Reuters) – Toll Brothers Inc’s falling average selling price (ASP) signals a new normal for luxury homebuilders in the United States as they sell more, but lower-priced homes, to thrifty millennials.
American Express to pay $96 million over discriminatory card terms
WASHINGTON (Reuters) – American Express will end up paying $96 million to credit card customers in Puerto Rico and other U.S. territories for charging higher interest rates and engaging in other discriminatory practices, federal regulators said on Wed…
Mexico, Canada dismiss Trump threats to scrap NAFTA trade pact
MEXICO CITY/OTTAWA (Reuters) – Mexico and Canada on Wednesday dismissed U.S. President Donald Trump’s latest threat to scrap NAFTA, describing it as a negotiating tactic aimed at winning the upper hand in talks to update one of the world’s biggest trad…
Amazon deal for Whole Foods wins U.S. regulatory, shareholder approvals
WASHINGTON/SAN FRANCISCO (Reuters) – Amazon.com Inc on Wednesday cleared two of the biggest hurdles it needed to close its $13.7 billion acquisition of Whole Foods Market Inc , with approvals from a U.S. regulator and the grocery chain’s shareholders….
U.S. new home sales hit seven-month low as prices soar
WASHINGTON (Reuters) – New U.S. single-family home sales unexpectedly fell in July, dropping to their lowest in seven months amid a surge in prices, raising concerns of a slowdown in the housing market recovery.
Israel’s El Al counts on new Boeing 787s to lure back customers
BEN GURION AIRPORT, Israel (Reuters) – El Al Israel Airlines took delivery of its first Boeing 787 Dreamliner aircraft on Wednesday in a $1.25 billion investment aimed at renewing its long-range fleet, halting a drop in its market share and winning b…
Cheap oil undercuts U.S. rail, bus service: study
DETROIT (Reuters) – Cheap gasoline is squeezing U.S. bus companies and the Amtrak passenger rail system that bet more consumers would embrace alternatives to driving for trips shorter than 400 miles, a study by researchers at DePaul University conclude…
Wall Street falls as Trump threatens government shutdown
NEW YORK (Reuters) – U.S. stocks closed lower on Wednesday as investors grappled with a threat from President Donald Trump to shut down the government if Congress fails to fund a Mexico border wall.
Toshiba sells $58.5 million in shares of Mitsubishi UFJ: source
TOKYO (Reuters) – Japan’s Toshiba Corp sold $58.5 million worth of shares in Mitsubishi UFJ Financial Group on Wednesday, a source told Reuters, as the conglomerate struggles with losses from its bankrupt U.S. nuclear business.
