Hessam Nadji, CSO at Marcus and Millichap, discusses the U.S. real estate market and says that on the residential side, the back half of the year should be "pretty strong".» Read More
WASHINGTON/ NEW YORK, July 29- The long-anticipated merger of Sprint Corp and T-Mobile US Inc is not expected to occur before September, with the companies continuing due diligence and preparing a detailed case for a deal before U.S. regulators, according to people familiar with the matter.
NEW YORK, July 29- A bipartisan group of U.S. lawmakers warned on Tuesday that restricting Mexican sugar imports would inflate food prices and threaten U.S. food manufacturers, the latest sign that pressure is growing on Washington to avoid trade barriers.
With lowered guidance, Samsung should focus on how to dominate lower cost smartphones from Chinese companies and maintain its large market share.
WASHINGTON— JPMorgan Chase will pay $650,000 to settle charges from federal regulators of filing inaccurate reports on the trading positions of some of its large customers.
*EU reaches deal on Russia sanctions, prompts short rally. Brent futures pared losses after news that European Union governments agreed on Tuesday to impose additional economic sanctions on Russia.
NEW YORK— McDonald's Corp. says it has been notified by a labor regulator that it can be named as a "joint employer" for workers in its franchise-owned restaurants. The same is true for many other fast-food companies, including Yum Brands, which owns KFC, Taco Bell and Pizza Hut.
NEW YORK— Shares of some top chemicals companies are up at 1 p.m.:. Dow Chemical Co. rose$. 11 or. 2 percent, to $53.81. DuPont Co. rose $1.37 or 2.1 percent, to $66.69.
Ford Motor Co. rose$. 05 or. 3 percent, to $17.69. General Motors Co. fell$. 04 or. 1 percent, to $34.86. Honda Motor Co. rose$. 76 or 2.2 percent, to $35.94.
July 29- Detroit has been making progress in settling disputes with its public safety unions, a development that has put the brakes on several appeals in federal court of a ruling that the city was eligible for municipal bankruptcy, attorneys said on Tuesday.
July 29- Four employees were hurt in a fire at CVR Refining's 115,000- barrel-per-day refinery in Coffeyville, Kansas, after a fire broke out at an isomerization unit early on Tuesday, the company said in a statement.
Argentina is out of legal options to avoid paying a court-ordered $1.33 billion, plus interest, to the holdout creditors who declined to restructure their bonds.
WASHINGTON, July 29- The U.S. Department of Agriculture has proposed a change in regulations that would relax restrictions on pork imports from certain areas of Mexico, potentially allowing for larger U.S. imports.
HONOLULU— Hawaii lawmakers and other key officials say the state's health care law faces an unlikely threat from the Affordable Care Act that could lead to a lower standard of care for state residents. —Hawaii: All employees, with some exceptions including public employees, seasonal workers and family members. —Hawaii: 20 hours per week.
*FDA lists 10 violations at Taiwan plant. July 29- Impax Laboratories Inc said the U.S. Food and Drug Administration raised concerns about the company's factory in Taiwan, casting in doubt the future of its Parkinson's drug, rytary.
HONOLULU— Janice Nakamura knows the financial burden of going without health care, and she's thankful for the Hawaii law that strictly mandates expansive, employer-provided coverage for her and her family.
SAN FRANCISCO— Dustin Moskovitz is plotting an escape from email. Moskovitz is trying to turn that chronic headache into an afterthought with Asana, a San Francisco startup he runs with former Facebook and Google product manager, Justin Rosenstein.
The industry said in court that the rules go beyond what Congress intended and violate First Amendment rights to freedom of speech by forcing meat producers to provide information about their products without "directly advancing a government interest."
WASHINGTON, July 29- Homeownership in the United States hit a 19- year low in the second quarter as tight finances continued to drive Americans toward renting, one of the lasting legacies of the recession. The seasonally adjusted homeownership rate fell to 64.8 percent, the lowest level since the second quarter of 1995, the Commerce Department said on Tuesday.
WASHINGTON, July 29- An attorney at the U.S. Securities and Exchange Commission who once helped craft legislative language for the "Volcker rule" and other major pieces of the 2010 Dodd-Frank financial reform law is returning to Capitol Hill.
July 29- Eaton Corp tempered its full-year profit forecast on Tuesday due to weaker margins in its electrical systems business and dented some Wall Street hopes for a near-term spin-off of its vehicle business, sending its shares down 6 percent.