Business | page 2

TUESDAY, JULY 26, 2016

Home prices rise at steady pace as sales heat up

WASHINGTON – U.S. home prices extended their steady upward march in May, spurred by rising sales and a dwindling supply of available houses. The Standard & Poor’s CoreLogic Case-Shiller 20-city home price index increased 5.2 percent in May compared with ...

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Survey: American consumers’ confidence remains steady

WASHINGTON – American consumers are feeling confident about current economic conditions but are a bit warier about the future. The Conference Board said Tuesday that its consumer confidence index was essentially unchanged in July, dipping to 97.3 from a revised 97.4 in June. The business group’s index includes consumers’ assessment of the economy now and what they expect over the next six months. Their view of today’s economy rose to the highest level since September, but their outlook slipped.

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This Tuesday, June 28, 2016, photo shows a McDonald’s sign in Miami. (Alan Diaz / Associated Press)

McDonald’s U.S. sales disappoint amid turnaround efforts

NEW YORK – McDonald’s reported disappointing sales growth in the United States for the second quarter on Tuesday as the world’s biggest burger chain keeps touting its all-day breakfast menu amid its turnaround efforts. Shares were down 3 percent before the opening bell.

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MONDAY, JULY 25, 2016

Turkish Airlines fires 211 employees following coup attempt

ANKARA, Turkey – Turkish Airlines said it has terminated the contracts of 211 employees, joining a government purge of people suspected of links to a U.S.-based cleric whom authorities accuse of orchestrating Turkey’s failed coup. The national carrier said Monday the contracts were canceled due to “nonfulfillment of performance standards” and in line with the “necessary actions” the company was taking against Fethullah Gulen’s movement.

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Starbucks shuffles management; new role for Americas head

NEW YORK – Starbucks is shuffling its management, including a new role for the executive who headed its flagship Americas unit for eight years. The move comes after the unit reported disappointing sales growth last week, though the coffee chain said the two are unrelated.

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Report: ‘Brexit’ move raises risks to U.S. financial stability

WASHINGTON – Britain’s decision to quit the European Union has elevated the risks to U.S. financial stability, though they remain moderate, U.S. Treasury Department experts say. The report issued Monday by Treasury’s Office of Financial Research comes a day after global finance officials promised to protect the world economy from the shockwaves of Britain’s “Brexit” referendum last month and to boost sluggish growth.

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Hecla drops bid to take over Dolly Varden Silver

Hecla Mining Co. has dropped its bid to take over Dolly Varden Silver Corp., a small Canadian company with mining properties in British Columbia. Hecla President and CEO Phil Baker said in a news release Monday that the decision is ...

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Farewell to VCRs: Japanese maker to shelve once-hit product

TOKYO – Japanese electronics maker Funai Electric Co. says it’s yanking the plug on the world’s last video cassette recorder. A company spokesman, who requested anonymity citing company practice, confirmed Monday that production will end sometime this month, although he would not give a date.

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Japan sees trade surplus in June as imports drop 19 percent

TOKYO – Japan posted a better-than-expected trade surplus in June, as imports fell nearly 19 percent, outpacing a more modest decline in exports. The customs data released Monday showed a 692.8 billion yen ($6.5 billion) surplus, compared with a 60.9 billion yen deficit in June 2015.

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The Verizon studio booth at MetLife Stadium in East Rutherford, N.J., pictured in 2013. Verizon is buying Yahoo Inc. for roughly $4.8 billion. (Mel Evans / AP)

Verizon buys Yahoo for $4.83 billion, marking end of an era 

SAN FRANCISCO – Verizon is buying Yahoo for $4.83 billion, marking the end of an era for a company that once defined the internet. It is the second time in as many years that Verizon, extending its digital reach, has snapped up the remnants of a fallen internet star. The nation’s largest wireless carrier paid $4.4 billion for AOL last year.

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SUNDAY, JULY 24, 2016

Still-low mortgage rates ushering new refi wave

The last time Mark McCollam refinanced the loan on his three-bedroom house in Los Angeles, he figured mortgage rates would only head higher from there. He was wrong. Not that he’s complaining. The aerospace engineer recently refinanced again, lowering his mortgage rate by 1 percentage point to 3.5 percent. That’s about $300 a month he plans to put toward school and other costs for his two young kids, and into savings.

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The Dirt

Here's the dirt

See the latest new construction, business openings and closures and progress on ongoing projects here.


Have you heard this story?

Here's how it goes. A local family decided to switch from heating oil to natural gas. So after the gas line was all set up, they went ahead and had ...

Parting Shot — 7.27.16

People play Pokemon Go near the Atomic Bomb Dome at Hiroshima Peace Memorial Park in Hiroshima, Japan. Pokemon Go” players are descending on an atomic bomb memorial park in Hiroshima, ...

An editor’s mea culpa

Hillary Clinton made history Tuesday evening when she became the first woman nominated for the presidency by a major party. Our headline and story in today's print editions made it ...

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Saving for the future

sponsored According to two 2015 surveys, 62 percent of Americans do not have enough savings to handle an unexpected emergency, much less any long-term plans.



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