US single-family housing starts surge; multi-family segment falters
By Lucia Mutikani | WASHINGTON WASHINGTON U.S. single-family starts surged in September, pointing to sustained housing market strength even as a drop in the construction of multi-family dwellings pushed overall home building activity to a 1-1/2-year low.Groundbreaking on single-family housing projects, which accounts for the largest share of the residential housing market, jumped 8.1 percent to a 783,000-unit pace last month, the Commerce Department said on Wednesday. That was the highest le..>> view originalWhite House seeks to answer complaints of aggrieved air travelers
WASHINGTON The White House announced efforts on Tuesday to improve air travel by requiring airlines to refund baggage handling fees if luggage is "substantially delayed" and requiring online travel agents to provide neutral search results.The government also said it would probe a long-time practice by some airlines of preventing various travel websites from showing their fares to gauge the impact on consumers. The effort in the waning days of President Barack Obama's administration is aimed..>> view originalEconomists Question China's Consistent Growth Numbers
BEIJING–Fresh doubts emerged over the reliability of Chinese statistics on Wednesday after officials said the economy grew 6.7%—for the third consecutive quarter. It was the first time since Beijing started releasing quarterly figures in 1992 that it had achieved such a feat of consistency. Economists say it is rare for a fast-growing economy to clock the same growth quarter after quarter. In China, it happens because Beijing...>> view originalStarbucks plans to double stores in China in 5 years
FILE - This Saturday, May 31, 2014, file photo, shows the Starbucks logo at one of the company's coffee shops in downtown Chicago. Starbucks is pushing ahead with its expansion into China and said it is on track to having about 5,000 stores there by 2021, more than doubling the number of coffee shops it currently has in the country. (AP Photo/Gene J. Puskar, File) The Associated Press By JOSEPH PISANI, AP Business Writer NEW YORK (AP) — Starbucks is pushing ahead with its expansion into..>> view originalHalliburton Swings to Profit as Explorers Get Back to Work
Halliburton Co. eked out a surprise profit in the third quarter as the world’s second-largest oil services company gained business from oil producers that are beginning to ramp up operations following the worst crude-market crash in a generation.After calling the bottom of the oil cycle three months ago, Halliburton reported its first North American sales boost since the downturn began in late 2014. Sales in its largest market climbed 9 percent to $1.66 billion compared to the second quarter.T..>> view originalMedia|New York Times Names AG Sulzberger Deputy Publisher
The competition for the deputy publisher position had been closely watched in the newsroom, and the fact that the selection came earlier than expected — the company had said it would happen by next May — will most likely be interpreted as further evidence that the pace of change is quickening. Mr. Sulzberger, the son of Arthur Sulzberger Jr., who took over as publisher in 1992, was one of three candidates, all cousins. The others were Sam Dolnick, 35, who oversees many initiatives at The Times,..>> view originalMorgan Stanley profit jumps on bond-trading comeback
Morgan Stanley reported a better-than-expected profit on Wednesday, boosted by a surge in bond trading that helped all Wall Street banks last quarter.Morgan Stanley's gains were especially notable. Its adjusted bond-trading revenue more than doubled, hitting Chief Executive James Gorman's revenue target for that business for the second quarter in a row.The bank has struggled for years to improve in bond trading, which has volatile revenue and tough capital requirements to meet. Earlier this ye..>> view original
Monday, October 31, 2016
US single-family housing starts surge; multi-family segment falters and other top stories.
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