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
MIRAMAR, Fla.— Spirit Airlines Inc. on Tuesday reported net income that increased by 54 percent in its second quarter, and topped analysts' expectations. The Miramar, Florida- based company said net income increased to $64.8 million, or 88 cents per share, from $42.1 million, or 58 cents per share, in the same quarter a year ago.
July 29- A fire broke out at CVR Energy Inc's 115,000- barrel-per-day refinery in Coffeyville, Kansas, just after midnight on Tuesday, news website NewsChannel 8 reported. The fire, which injured four people at the refinery, was put out in about an hour, the report said.
FRANKFURT/ ZURICH, July 29- Germany's Deutsche Bank and Switzerland's UBS said they were caught up in an inquiry by U.S. regulators, who are looking into whether broker-run stock exchanges gave an unfair advantage to high-frequency traders.
HARTFORD, Conn.— Aetna Inc. on Tuesday reported profit that climbed by 2.4 percent in its second quarter, and topped analysts' expectations. The Hartford, Connecticut- based company said profit increased to $548.8 million, or $1.52 per share, from $536 million, or $1.49 per share, in the same quarter a year ago.
July 29- Spirit Airlines Inc, a low-cost U.S. carrier, on Tuesday reported a 54 percent rise in second-quarter profit as it added flights and had higher average fares. Net income was $64.8 million, or 88 cents a share, compared with $42.1 million, or 58 cents a share, a year earlier. Quarterly revenue rose nearly 23 percent to $499.3 million.
WASHINGTON— The private Conference Board reports on consumer confidence for July. The report will be issued at 10 a.m. EDT Tuesday. Consumers in June registered the most favorable assessment of current business conditions since March 2008 and their outlook for the next months rose to highest level since August 2013.
DONETSK, Ukraine, July 29- On the last day of May, a surface-to-air rocket was signed out of a military base near Moscow where it had been stored for more than 20 years. Reuters was unable to verify its authenticity with the Russian military, and Moscow has consistently denied arming the separatists in eastern Ukraine.
China's State Administration for Industry& Commerce was investigating a Microsoft vice president and senior managers, and has made copies of the firm's financial statements and contracts, the SAIC said on its website.
HOUSTON, July 29- Acting on a request from the central government in Iraq, a U.S. judge has signed an order telling the U.S. But Iraq's central government, in a court filing on Monday, laid claim to the cargo that it says was sold by the regional government of Kurdistan without permission from Baghdad, which has said such deals amount to smuggling.
*BP the biggest foreign investor in Russia with Rosneft stake. LONDON, July 29- Oil and gas producer BP reported a sharp rise in second quarter profits on Tuesday but warned that further Western sanctions on Russia could harm its business there and its relationship with Russian state oil company Rosneft.
In a rare videoconference call with President Barack Obama on Monday, the leaders of Britain, Germany, Italy and France expressed their willingness to adopt new sanctions against Russia in coordination with the United States, an official French statement said.
WASHINGTON— Familiar with the Export-Import Bank? In all likelihood, most voters in Louisiana and Virginia aren't either. Even some lawmakers say they never heard of the Export-Import Bank before becoming members of Congress.
LONDON, July 29- A U.S. investor is suing Barclays Plc and current and former bosses over losses suffered after New York's attorney general accused the British bank of lying to customers regarding its electronic trading platform.
HOUSTON, July 29- Acting on a request from the central government in Iraq, a U.S. judge has signed an order telling the U.S. To carry out the order from Magistrate Judge Nancy K. Johnson of the U.S. District Court for the Southern District of Texas, the Marshals Service may need to rely on companies in the Galveston Bay area that provide crude offloading services.
Under a schedule outlined by Majority Leader Harry Reid, D- Nev., the Senate would take up that bill Tuesday. But senators who say the House bill uses budgetary gimmicks to pay for roads and bridges or who want to force Congress to act before the end of the year on a long-term plan to pay for transportation programs are expected to offer amendments.
GAZA/ JERUSALEM, July 29- Israel's military pounded targets in the Gaza Strip on Tuesday after Prime Minister Benjamin Netanyahu said his country should prepare for a long conflict in the Palestinian enclave, squashing any hopes of a swift end to 22 days of fighting. Gaza residents reported heavy Israeli bombing in Gaza City.
WASHINGTON— Despite some good news, Medicare and Social Security still face long-term financial problems as millions of baby boomers reach retirement. At that point, unless Congress acts, the program will collect only enough payroll taxes to pay 81 percent of benefits.
NEW YORK— More travelers are flying than ever before, creating a daunting challenge for airlines: keep passengers safe in an ever more crowded airspace. Each day, 8.3 million people around the globe— roughly the population of New York City— step aboard an airplane.
NEW YORK— Within minutes, the line at the food truck parked on a busy Queens thoroughfare extended several people deep. New York City's Department of Education put its first truck in service a couple of years ago, and this year it has four— one that goes to Orchard Beach in the Bronx and three that go to a park and two library branches in Queens.
WASHINGTON— A $1,000- per-pill drug that insurers are reluctant to pay for has quickly become the treatment of choice for a liver-wasting viral disease that affects more than 3 million Americans. In less than six months, prescriptions for Sovaldi have eclipsed all other hepatitis C pills combined, according to new data from IMS Health.