The latest news on business
NEW YORK (AP) — Stocks are opening higher on Wall Street after the pace of home construction picked up in May, the latest encouraging sign from the housing market.
WASHINGTON (AP) — U.S. builders stepped up home construction in May and applied for permits to build single-family homes at the fastest pace in five years. The gains show housing remains a key source of growth for the economy.
BERLIN (AP) — Shares in Germany's biggest cable operator are up after Kabel Deutschland received a preliminary takeover proposal from U.S. firm Liberty Global.
NEW YORK (AP) — U.S. stock futures rose for the second time in as many days as the Federal Reserve opens its two-day policy meeting in Washington.
CHARLOTTE, N.C. (AP) — Duke Energy's chief financial officer will take over for retiring CEO Jim Rogers at the end of the month.
WASHINGTON (AP) — U.S. consumer prices rose slightly in May as higher energy costs were partly offset by cheaper food. The small increase underscores that inflation is mild.
Royalty Pharma has let its takeover bid for Irish drugmaker Elan lapse as it decided against pressing ahead with a court challenge of a requirement that it withdraw the offer.
LONDON (AP) — Britain's Serious Fraud Office has charged a former trader with conspiracy to defraud in the rigging of a benchmark interest rate.
BAGHDAD (AP) — U.S. oil giant Chevron says it has signed a deal with Iraq's Kurdish regional government to expand its oil exploration territory in the northern self-rule region.
DETROIT (AP) — U.S. safety regulators are investigating problems with air bag sensors in the seats of some small Suzuki SUVs.