US new-home sales climb

US new-home sales climb

AAP Americans stepped up their purchases of new homes in July to the fastest pace in nearly nine years, as low mortgage rates and a steady job market fuel a real estate surge. The Commerce Department says new-home sales jumped 12.4 per cent last month to a seasonally adjusted rate of 654,000 units, the strongest level since October 2007.

Australian Markets

  • Aust stocks open higher AAP - Tue, Jul 12, 2016 10:19 AM AEST

    The Australian share market has opened half a per cent higher. At 1010 AEST on Tuesday, the benchmark S&P/ASX200 index was up 31.69 points, or 0.59 per cent, at 5,368.8, while the broader All Ordinaries ...

  • Aust stocks close lower AAP - Tue, May 31, 2016 5:31 PM AEST

    Australian stocks have closed weaker as declines among the major miners dragged the broader market lower and snapped a two-day rally.

  • Aust shares close flat AAP - Mon, Apr 4, 2016 4:22 PM AEST

    Australian shares have finished flat as all eyes turn to a meeting of central bankers in Jackson Hole, Wyoming.

  • Stocks to watch at noon on Thursday AAP - Thu, Aug 27, 2015 12:08 PM AEST
    Stocks to watch at noon on Thursday

    Stocks to watch on the Australian stock exchange on Thursday, Aug 27: ASL - AUSDRILL - up one cent, or 4.8 per cent, to 22 cents Mining services group Ausdrill has posted a $175.6 million full year loss ...

  • Investors stunned by Aussie market recovery AAP - Tue, Aug 25, 2015 4:40 PM AEST
    Investors stunned by Aussie market recovery

    The Australian share market has closed higher after Chinese fourth-quarter gross domestic product (GDP) data beat expectations.

  • Stocks to watch at noon on Friday AAP - Fri, Aug 7, 2015 12:25 PM AEST

    Stocks to watch on the Australian stock exchange at noon on Friday.

  • Stocks to watch at close on Tuesday AAP - Tue, Aug 4, 2015 4:20 PM AEST

    Mining giant BHP Billiton has been given until 2016 to go ahead with the expansion at the Olympic Dam mine in South Australia.

  • Merck board OKs additional $10 billion stock buyback plan Associated Press - Wed, Mar 25, 2015 8:36 AM AEDT

    Merck & Co. says its board approved the repurchase of up to $10 billion more of its stock. The drugmaker said Tuesday that amount will be added to the $1.7 billion remaining available for repurchase under ...

  • Whiting and McCormick are big market movers Associated Press - Wed, Mar 25, 2015 7:39 AM AEDT

    Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and the Nasdaq Stock Market: NYSE Whiting Petroleum Corp., down $7.48 to $30.91 The oil and gas company priced a ...

  • Ahead of the Bell: Chesapeake Energy shares stage rally Associated Press - Wed, Mar 25, 2015 12:27 AM AEDT

    When your stock price tumbles faster than the cost for a barrel of oil, it's hard for a company like Chesapeake Energy to give investors something to cheer about. But the Oklahoma City oil and gas provider ...


Company Finances

  • Recalls This Week: Bed handles, roasting pans Associated Press - Sat, Sep 19, 2015 4:19 AM AEST

    More than 100,000 bed handles intended to assist older or disabled adults are being recalled after they were linked to three deaths due to a potential strangulation hazard. Other recalled consumer products ...

  • Apple explores rules of the road for self-driving cars AFP - Fri, Sep 18, 2015 9:07 PM AEST
    Apple explores rules of the road for self-driving cars

    The California Department of Motor Vehicles (DMV) on Friday said that it met with Apple to discuss rules of the road regarding testing self-driving cars. "The Apple meeting was to review DMV's autonomous vehicle regulations," a department spokesperson told AFP in an email response to an inquiry. Apple has not commented on rumors that it is working on a self-driving car, and the California-based technology colossus did not respond to an AFP request to contribute to this story.

  • US accuses Volkswagen of 'cheating' on pollution controls AFP - Fri, Sep 18, 2015 8:10 PM AEST
    US accuses Volkswagen of 'cheating' on pollution controls

    US regulators charged Volkswagen on Friday with manufacturing vehicles designed to evade government pollution controls and said the German auto giant should urgently fix nearly 500,000 cars. Volkswagen could face an $18 billion penalty over the software made to meet clean-air standards during official emissions testing but which would intentionally turn off during normal operations, US and California regulators said. "Using a defeat device in cars to evade clean-air standards is illegal and a threat to public health," said Cynthia Giles, assistant administrator for the US Environmental Protection Agency.

  • US orders Volkswagen to recall 500,000 cars AFP - Fri, Sep 18, 2015 4:39 PM AEST
    US orders Volkswagen to recall 500,000 cars

    US regulators charged Volkswagen Friday with manufacturing autos designed to evade pollution controls and ordered the German auto giant to recall nearly 500,000 cars. Volkswagen designed software to meet ...

  • Avery Dennison Expands Kunshan Plant and Adds New Coater to Meet China Demand for Pressure-Sensitive … Business Wire - Fri, Sep 18, 2015 4:00 AM AEST

    KUNSHAN, China--(BUSINESSWIRE)-- Avery Dennison Performance Tapes has increased its Kunshan, China manufacturing capabilities with the installation of a new custom-built coater and enlarged the plant’s size by 3,500 sq. meters (37,674 sq. ft.). Avery Dennison will begin taking orders for products manufactured on the coater October 1, 2015. According to Michael Johansen, global vice president and general manager, Performance Tapes, the new equipment and plant expansion reflect the commitment by Avery Dennison to serve the needs of industry in China.

  • Toyota recalls 400K RAV4s due to faulty windshield wipers Associated Press - Fri, Sep 18, 2015 2:54 AM AEST

    Toyota is recalling about 421,000 RAV4 vehicles because of potential corrosion in their windshield wipers could make them inoperable. The vehicles include model years ranging from 2009 to 2012 and about ...

  • Annual Japan video game show opens with record exhibitors Associated Press - Thu, Sep 17, 2015 6:41 PM AEST

    Japan's annual video game show opened Thursday with a record number of exhibitors, including independent companies and newcomers, a positive sign for an industry that has faced tough competition from games ...

  • US milk industry fights back AAP - Thu, Sep 17, 2015 2:00 PM AEST

    America's milk industry is fed up with all the sourness over dairy. As Americans continue turning away from milk, an industry group has been pushing back at its critics with a social media campaign trumpeting the benefits of milk. Julia Kadison, of Milk Processor Education Program, which represents milk companies, said the breaking point came last year when the British Medical Journal published a study suggesting drinking lots of milk could lead to earlier death and a higher incident of fractures.

  • New York smoking rate goes back down after startling rise Associated Press - Thu, Sep 17, 2015 12:53 PM AEST

    The ranks of smokers are dwindling after a surprising uptick in a city known for tough steps to discourage tobacco use, health officials said Wednesday. A 2014 Department of Health survey showed fewer ...

  • Oroton profit slumps 68% AAP - Thu, Sep 17, 2015 11:08 AM AEST

    Luxury handbag and accessories retailer Oroton has suffered a huge hit to its full year profit as it transitions away from heavy discounting and expands the GAP clothing brand. Oroton's profit for the 12 months to July 25 tumbled 68 per cent to $2.6 million, from $8.3 million a year earlier. Chief executive Mark Newman says the drop in earnings was partly due to the retailer reining in heavy discounts on its Oroton range.