Career News 24/7: Business Today: U.S. housing regaining footing as supply improves

Monday, June 23, 2014

Business Today: U.S. housing regaining footing as supply improves

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06/23/2014

Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between

U.S. housing regaining footing as supply improves

WASHINGTON (Reuters) - U.S. home resales rose more than expected in May and the stock of properties for sale was the highest in more than 1-1/2 years, suggesting that housing was pulling out of a recent slump.

Wall Street ends flat after six-day rally, energy rises

NEW YORK (Reuters) - U.S. stocks ended a quiet session on Monday essentially unchanged as investors found few reasons to keep buying following a six-day rally in the S&P 500, though merger activity lifted energy shares.

Manufacturing picks up pace in leading economies; Europe lags

BEIJING/WASHINGTON (Reuters) - Global manufacturing activity appeared to accelerate in June, buoyed by a return to growth in China and Japan and the fastest expansion in the U.S. factory sector in more than four years.

Argentina seeks U.S. court stay to avoid new debt crisis

BUENOS AIRES (Reuters) - Argentina has asked a U.S. judge to issue a stay of his ruling against the country in its case against "holdout" creditors as it seeks to start negotiations aimed at avoiding a new default, according to court papers filed on Monday.

Alstom workers relieved as GE wins takeover bid

BELFORT France (Reuters) - For Alstom workers in eastern France, news that General Electric has beaten rival bidder Siemens to a tie-up with their firm has brought relief and a response perhaps best summed up by the saying "better the devil you know".

Popular buys Citi's retail, credit card business in Spain

MADRID (Reuters) - Spain's Banco Popular has agreed to buy Citi's retail banking and credit card business in Spain, a sign that foreign banks are retreating from the country's financial services market in the wake of the financial crisis.

Honda and others recall nearly 3 million vehicles over air bag flaw

TOKYO/DETROIT (Reuters) - Honda Motor Co 7267.T and other Japanese automakers on Monday recalled almost 3 million cars with potentially explosive air bags supplied by Takata Corp 7312.T, bringing the total recall so far to about 10.5 million vehicles over the past five years.

American Apparel says company not for sale

(Reuters) - American Apparel Inc's co-chairman said on Monday the company was not for sale, had no need for immediate capital, and that the search for a new chief executive to replace ousted Dov Charney had generated "enormous interest."

SNC-Lavalin bulks up energy business with $2 billion Kentz buy

TORONTO (Reuters) - Canada's SNC-Lavalin Group Inc will buy resource-sector engineering group Kentz Corp in a 1.16 billion pound ($2 billion) deal that SNC said on Monday will accelerate its turnaround plan, including the sale of noncore assets.

Oracle looks to boost growth with biggest deal in five years

(Reuters) - Oracle Corp said it would buy Micros Systems in a $5.3 billion deal as the world's No.2 business software maker looks to boost flagging growth through acquisitions.