U.S. home resales surged to a 5-1/2-year high in May as first-time buyers stepped into the market, the latest indication that housing and overall economic activity were gathering steam in the second quarter. The National Association of Realtors said on Monday existing home sales increased 5.1 percent to an annual rate of 5.35 million units, the highest level since November 2009. “It suggests that the U.S. housing market recovery is
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Stocks are rallying to start the week, as Greek debt negotiations and corporate merger battles stoke animal spirits. Can U.S. stocks finally break out of their range?
European equities closed sharply higher on Monday, as a deal between Greece and its creditors looked to be edging closer.
Pixar’s new animated film, “Inside Out” brought in an estimated $91.1 million in North American ticket sales. It’s the second biggest opening ever for Pixar.
Anthem’s offer for smaller rival Cigna is part of a daisy chain of potential deals in the health insurance sector. Cigna Chairman Isaiah Harris, Jr. and Chief Executive David Cordani wrote a letter to Anthem’s board outlining reasons why the company was rejecting Anthem’s stock and cash offer. Anthem, the second-largest U.S. health insurer, said in a statement on Saturday that had made four offers for Cigna in June.
Fifth Third Bancorp plans to close or consolidate about 100 branches and has abandoned plans for 30 new ones. The changes will cost the company between $75 million and $85 million in impairment charges …
The European Union on Monday extended economic sanctions against Russia until January to keep pressure on Moscow over the conflict in eastern Ukraine, drawing a rebuke and a warning of retaliation from …
Flows into hedge fund-like mutual funds, a category that attracted almost a third of the money going into actively managed funds in the past six years, have slowed this year to the weakest pace since 2008. The strategies, which include non-traditional bond funds and alternative stock funds, attracted just $1.2 billion from investors in the first five months of 2015, according to Chicago-based Morningstar Inc., down from $39 billion last
Noodles & Co. President and Chief Operating Officer Keith Kinsey is resigning to become CEO of an unnamed casual dining restaurant business. Kinsey has worked at Noodles & Co. since 2005. He’s served as …