Business

Business US existing home sales rise for 4th straight month US existing home sales rise for 4th straight month
Sales of existing U.S. homes rose for the fourth straight month in July to their highest level in nearly a year, the latest sign that the housing recovery is picking up after stumbling at the start of the year.
Business Russia checks more McDonald's after closing 3 Russia checks more McDonald's after closing 3
Russia's food safety agency said Thursday that it was checking McDonald's restaurants around the country, a day after several branches of the chain were shuttered in Moscow.
Business Bank of America reaches $17 billion settlement with US Bank of America reaches $17 billion settlement with US
Officials familiar with the deal say Bank of America has reached a record $17 billion settlement with federal and state authorities over its role in the sale of mortgage-backed securities in the run-up to the 2008 financial crisis.
Business Target cuts outlook as breach fallout lingers Target cuts outlook as breach fallout lingers
Target Corp. slashed its annual profit outlook for the second time in three months as the retailer continues to reel from costs related to a massive data breach, a botched expansion in Canada and sluggish sales in the U.S.
Business Apple's stock bounces back to hit a new high Apple's stock bounces back to hit a new high
Apple's stock touched a new high Wednesday, reflecting investors' renewed faith in CEO Tim Cook's ability to outwit the competition and expand the technological hit factory built by the late Steve Jobs.
Business Yellen to give her outlook as Fed honeymoon fades Yellen to give her outlook as Fed honeymoon fades
Janet Yellen has won credit for guiding the Federal Reserve's first six months of transition from the Ben Bernanke era. Bernanke's Fed had steered the economy through a deep crisis by slashing interest rates and restoring confidence in banks
Business McDonald's to sell packaged coffee nationally McDonald's to sell packaged coffee nationally
McDonald's plans to start selling its packaged coffee at supermarkets nationally by early next year, a move intended to help raise the profile of the coffee sold at its U.S. restaurants.