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Pending U.S. home sales strengthened in July

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It reached a post-housing bust peak of 115.0 in April and now sits at the second-highest level of 2016. More people signed contracts to purchase homes in July, a sign that the demand for homes remains strong despite a shortage of listings. Read More »

Oil prices dive before United States inventories data

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Bloomberg experts expected a decline of 125,000 barrels, but the API expected an increase of almost 3 million barrels. However, says Richard Robinson, manager of the Ashburton Global Energy Fund, while the persistent oversupply that started in 2014 has now accumulated to become the largest OECD inventory surplus on record, the rate at which it has been building is slowing decreasing. Read More »

Africa's biggest economy officially enters recession

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Nigeria's government expects its economy to perform better in the second half of the year after it slipped into a recession in the first half, the vice president's office said on Wednesday. On the bright side, the "public administration sector grew by 8.21% in the Second Quarter of 2016, higher by 10.86% points from the corresponding quarter of 2015 and higher by 1.83% points relative to the First Quarter of 2016". Read More »

Equity market: US stocks rise on Fed rate hike talk

Other Asian markets and those in Europe dipped as they tried to second-guess the Fed's timing of its next rate rise. "For the near-term rates path, the main driver last week was not Chair Yellen, but Vice Chair Fischer", Bloomberg quoted Neil Dutta, head of USA economics at Renaissance Macro Research as saying. Read More »

Seattle and Portland home prices rise at twice the national rate

Chicago-area real estate agents have noted that Chicago's housing market seemed to heat up in February, and then was not as strong as usual in the spring. Southern cities saw stronger price gains. Analysts had been predicting 5.2 percent. In either case it is hard for them to sell. That may have hobbled sales in July. Read More »

Felix Anchors USA 4x400m Relay To Gold Medal In Rio

Bowie is a burner in her own right, as she took bronze in the 200. With nine medals ( six gold and three silver) she tied Merlene Ottey (three silver and six bronze) for the most Olympic track and field medals won by a female athlete. "The 200 was just extra for me, there was no training regimen for it", the 30-year-old Merritt said. You make plans and you want things to go to a certain schedule - and nothing went according to the schedule. Read More »

U.S. SEC awards $22 million to Monsanto whistleblower

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Monsanto's February agreement resolved allegations that it misstated its earnings by not properly accounting for millions of dollars paid to distributors as Roundup rebates, which had the effect of distorting the company's earnings reports for 2009, 2010 and 2011. Read More »

FAA forecast: 600000 commercial drones within the year

Most were for basic requests to fly at night with special lighting, Huerta said. All drones must be registered to fly. The appeal is clear. The F.A.A. In 2015, the FAA offered an exemption to vehicle maker Yamaha Motor Corporation Ltd.to operate RMAX drones for commercial agricultural purposes . About 90 percent of the operators and companies receiving exemptions make less than $1 million in annual revenue and have fewer than 10 employees. Read More »

Fox News calls Tantaros an 'opportunist' in lawsuit response

Today's filing describes Tantaros' lawsuit as having "all the hallmarks of the wannabe: she claims that she too was victimized by Roger Ailes when, in fact, contrary to her pleading, she never complained of any such conduct in the course of an investigation months ago". Read More »

Cliffs And Steelworkers Reach Tentative Agreement

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Looking forward, analysts on average predict that earnings for the current quarter would come in between $0.16 and $0.30. Recently stock market analysts updated their outstanding price targets on shares of Cliffs Natural Resources Inc . Read More »

Obamacare problems are growing potential issue for Clinton

She wants to give the government more control over the entire healthcare system - taking away even more choices from American moms, dads and children. "Given that Clinton has such a long experience in health care policy - more than 20 years - and that Trump has virtually none, it is perhaps surprising that she only has a rather modest advantage on health care issues", Humphrey Taylor, chairman emeritus of the Harris Poll, said of the poll results. Read More »

Chicago men charged in shooting of NBA star Wade's cousin

Overnight, CPD charged the Sorrells brothers for the murder of Nykea Aldridge . Nykea Aldridge was caught in the crossfire while pushing her 3-week-old child in a stroller. Indiana Gov. Mike Pence sidestepped questions Sunday morning on CNN's "State of the Union" about the flow of guns into IL from his state as the U.S. Read More »

Eric Trump: It Would Be 'Foolish' To Release Tax Returns

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The New York developer has said he won't release his returns while he is under audit. "I've learned since being on the inside that this audit is a serious matter and that he has said that when the audit is complete, he will release his tax returns", she told ABC News over the weekend . Read More »

Two United Airline pilots suspected of being drunk arrested in Glasgow

Concerns were raised before the 9am United Airlines flight took off to NY on Saturday . The airline is cooperating with a police investigation and conducting their own, she said. Two pilots on a Newark bound flight from Scotland were arrested on suspicion of intoxication. The regulation states that a pilot preparing to fly or flying can not exceed a.02 Blood Alcohol Level, but authorities did not say what the two fliers registered. Read More »

Western Michigan players arrested, suspended from team

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Friday and robbing a woman using a gun and knife. "This has been a hard time for our University, community and family", Fleck said in a statement. Per WWMT 3 in Kalamazoo, Michigan, White and George were arrested in a auto on the Western Michigan campus with weapons and stolen money. Read More »

German economy minister says EU-US trade talks have failed

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Talks aimed at setting up a U.S. In May, public broadcaster ARD's DeutschlandTrend survey showed that 70% of Germans opposed the deal, a 15-point increase since 2014. Behind the scenes, top diplomats have told AFP talks may be suspended until after the United States presidential election in November as well as elections in France and Germany next year. Read More »

US economy grew at tepid 1.1 percent pace in spring

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Third quarter GDP is estimated at 3.4% by the Atlanta Fed's GDP Now tracker . The broad trend remains weak. The nation's gross domestic product increased at a seasonally adjusted annual rate of 1.1%, the Commerce Department said Friday, slightly below its previous 1.2% estimate. Read More »

Notting Hill Carnival 2016: Four men stabbed on Children's Day

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Police also asked people to lookout for a missing teenager, who they believe may attend the carnival. Scotland Yard said it had arrested 71 people over the same time for a variety of alleged offences. Monday will mark the Grand Finale of the west London event's 50th anniversary, which has this year hosted 60 bands and 38 sound systems. Children in fancy dress and face paint claimed the best view of the parade by sitting on parents' shoulders, and some even joined the dancers following the ... Read More »

Stocks waver between gains and losses in afternoon trading

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The proceeds will be used to buy back shares, adding to the company's existing buyback program. The heightened volatility saw the trading volume jump to 19,32,563 shares. The company reported $1.14 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $1.45 by $0.31. The firm earned $1.40 billion during the quarter, compared to analyst estimates of $1.44 billion. Read More »

India's Tata Motors Q1 net profit halves on forex l

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The earnings of the company, whose consolidated results include that of its arm Jaguar Land Rover, came under pressure after Britain's decision to leave the European Union led to a depreciation in the value of the pound sterling. During the quarter, JLR sold more than 100,000 Land Rovers for the first time - despite a 76pc increase in Jaguar sales. Revenues at Tata Motors' UK arm Jaguar Land Rover, which account for two-thirds of Tata Motors revenues, grew 10% to 5.5-billion pounds. Read More »

Stocks slip into losses in the afternoon after Yellen speech

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The S&P 500 slipped 3.43 points, or 0.2 percent, to 2,169.04. Phone companies led the list of declining stocks, while the health care and technology sectors rose. While Yellen didn't specifically mention negative rates, which have been employed in Japan, the euro area and elsewhere, she did suggest that a future Fed could weigh buying assets beyond those that it has purchased to date. Read More »

BBY Stock Soars 19% After Earnings, But is it a Best Buy?

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Excluding those effects, revenue increased 4.1 percent, driven by growth in Canada and Mexico. This week, Best Buy is celebrating its 50th anniversary. Underneath the hood, however, the company's share of online sales is steadily growing. Earnings Roundup: In the last fiscal quarter alone, Best Buy Co., Inc. Read More »

Flawless records on the line as Hull City face United

Next on Costa's hit list are Burnley, who visit Stamford Bridge on the back of an impressive 2-0 win over Liverpool and then a woeful League Cup exit at fourth tier Accrington. Prior to that, Hull had lost all 10 of their previous meetings against United. The only goal they've conceded this season was a questionable penalty on the opening day against Leicester, despite conceding 41 shots. Read More »

Mylan says it will expand programs that lower EpiPen costs

Mylan is the latest company to be caught up in the growing outrage at apparently egregious drug price increases. Mylan's CEO, Heather Bresch, who prior to Thursday said the increase in the price of the device was part of the cost of doing business, told CNBC's "Squawk Box" that she will make sure that, "everyone who needs an EpiPen will get one". Read More »

Hull confounding grim preseason forecasts in Premier League

United travel to Hull on Saturday (5.30pm) and will be hoping to make it three wins from three under new manager Jose Mourinho. Ibrahimovic took his Premier League tally to three goals on Friday night after the Swedish legend netted either side of half-time in a 2-0 victory over Southampton on his home debut. Read More »

Pro-Ankara Syria rebels take village near Jarabulus from IS

The Turkish military actions against Jarablus have been named "Euphrates Shield". The sudden Turkish-backed seizure of Jarablus comes as the YPG seized the ISIS-held city of Manbij and prepared to turn its attention against Jarablus. Turkey's onslaught is backed by the US, while the Kurdish group that Turkey is targeting, the leftwing Kurdish nationalist YPG, is also backed by the United States. Read More »