Business

Business US home construction drops 9.3 percent in June US home construction drops 9.3 percent in June
U.S. home construction fell in June to the slowest pace in nine months, a setback to hopes that housing is regaining momentum and will boost economic growth this year.
Business Fiat denies merger talks with VW Fiat denies merger talks with VW
Italian automaker Fiat and its main shareholder denied on Thursday a media report that the company is in merger talks with rival Volkswagen. The German carmaker also said it had no plans for mergers or acquisitions.
Business Microsoft cutting 18,000 jobs, signals new path Microsoft cutting 18,000 jobs, signals new path(Video)
Microsoft announced the biggest layoffs in its history Thursday, saying it will cut up to 18,000 jobs or 14 percent of its staff as it works to cut down on management layers and integrate the Nokia cellphone business it bought in April.
Business Murdoch's Fox bid for Time Warner is rejected Murdoch's Fox bid for Time Warner is rejected
Time Warner has rejected a takeover bid worth about $76 billion from Rupert Murdoch's Twenty-First Century Fox and said it has no interest in further discussions about a combination of two of the world's largest media and entertainment companies.
Business US homebuilder confidence surges in July US homebuilder confidence surges in July
U.S. homebuilders' confidence in the housing market surged this month to the highest level since January, reflecting a pickup in sales of new homes and heightened expectations for sales the second half of the year.
Business Make room Juan Valdez: Starbucks opens in Colombia Make room Juan Valdez: Starbucks opens in Colombia
On Wednesday, Starbucks is making its much-anticipated debut in the country synonymous with coffee after years of roasting Colombia's Arabica beans for billions of java lovers the world over.
Business Yellen says economy still needs Fed support Yellen says economy still needs Fed support
Federal Reserve Chair Janet Yellen said Tuesday that the economic recovery is not yet complete and for that reason the Fed intends to keep providing significant support to boost growth and improve labor market conditions.
Business Memo from Microsoft CEO announcing job cuts
Microsoft announced Thursday that it will cut up to 18,000 jobs, or about 14 percent of its staff. CEO Satya Nadella, who took the job in February, delivered the news to staff in a memo that Microsoft released publicly. Here's the text of that memo: