Posts From King World News

July 28, 2015 MONEY (MSM)

U.S. home price growth stalls in May: S&P/Case-Shiller

Denver, San Francisco, and Dallas experienced the biggest year-over-year home appreciation among the 20 cities with price increases of 10.0 percent, 9.7 percent and 8.4 percent, respectively. “As home prices continue rising, they are sending more upbeat signals than other housing market indicators,” David Blitzer, chairman of the index committee at S&P Dow Jones Indices, said in a statement. Blitzer added price increases have settled in a 4-5 percent rate

July 28, 2015 MONEY (MSM)

Ford easily tops expectations on 2nd-qtr profit

Ford Motor Co on Tuesday reported second-quarter earnings that handily beat expectations, based on the continued strength of North American sales, led by its popular F-150 pickup truck. Ford posted net quarterly profit of $1.89 billion, or 47 cents per share. Analysts estimated profit of 37 cents per share, according to Thomson Reuters I/B/E/S.

July 28, 2015 MONEY (MSM)

UPS second-quarter profit tops estimates; sees sluggish U.S. economy

Shares in Atlanta-based United Parcel Service Inc rose more than 2 percent. “The continued strength of the U.S. dollar and I think this impending rate hike by the Fed appears to be holding back some U.S. growth,” Chief Executive Officer David Abney said on a conference call. Like main rival FedEx Corp (FDX.N), UPS is often seen as a bellwether of U.S. economic health.