Money

Toll Brothers profit beats on robust demand for luxury homes

(Reuters) – Toll Brothers Inc (TOL.N) topped estimates for quarterly profit and revenue on strong demand for its luxury homes, sending its shares up 12 percent in early trading and pushing other homebuilder stocks higher. The results underscore strength in the U.S. homebuilding sector as robust demand, fueled by a stronger economy and low unemployment […]

World

Jury in Manafort case begins fourth day of deliberations

ARLINGTON, Va. (Reuters) – Jurors began their fourth day of deliberations on Tuesday morning in the fraud trial of Paul Manafort, who ran the presidential campaign of Donald Trump at pivotal moments of the 2016 election. Former Trump campaign manager Paul Manafort is shown in a court room sketch, during a testimony of a longtime […]

Money

The bull that will not die: S&P 500 back at a record after months on ice

(Reuters) – After a seven-month stall, Wall Street’s bull market looks back on track, thanks to Amazon.com Inc (AMZN.O), Alphabet Inc (GOOGL.O) and other high-flying technology and consumer discretionary companies. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., August 21, 2018. REUTERS/Brendan McDermid The widely followed S&P […]

Sports

India on brink of third test triumph against England

NOTTINGHAM, England (Reuters) – India need one more wicket to thrash England in the third test at Trent Bridge after the hosts ended the fourth day on 311 for nine, 210 runs short of their target. Cricket – England v India – Third Test – Trent Bridge, Nottingham, Britain – August 21, 2018. England’s Jos […]

Money

JPMorgan undercuts discount brokerages on trades

NEW YORK (Reuters) – JPMorgan Chase & Co, (JPM.N) in a bid to lure customers from the discount brokerage industry, said on Tuesday it will begin offering free stock trades for self-managed accounts through its Chase mobile banking app starting next week. A view of the exterior of the JP Morgan Chase & Co. corporate […]

Money

UPDATE 1-U.S. Senate vote on Russia sanctions unlikely in September -McConnell

(Adds background) WASHINGTON, Aug 21 (Reuters) – Legislation warning Russia it would face heavy U.S. sanctions if it were found interfering in November’s congressional elections will not be voted on anytime soon, Senate Majority Leader Mitch McConnell said on Tuesday, although he cited his strong interest in such a bill. Noting an already heavy September […]

Money

European shares edge higher ahead of U.S.-China trade talks

LONDON (Reuters) – European shares closed slightly higher on Tuesday as investors on both sides of the Atlantic took a cautiously optimistic view of trade talks between the United States and China which are set to begin on Wednesday. FILE PHOTO: Traders work at Frankfurt’s stock exchange in Frankfurt, Germany, April 6, 2018. REUTERS/Ralph Orlowski […]

Technology

Senate vote on Russia sanctions unlikely in September: McConnell

WASHINGTON (Reuters) – Legislation warning Russia it would face heavy U.S. sanctions if it were found interfering in November’s congressional elections will not be voted on anytime soon, Senate Majority Leader Mitch McConnell said on Tuesday, although he cited his strong interest in such a bill. Flanked by fellow Republicans, Senate Majority Leader Mitch McConnell […]

Money

Goldman Sachs pays for working mothers to ship breast milk home

LONDON, Aug 21 (Thomson Reuters Foundation) – A scheme by investment bank Goldman Sachs to pay for new mothers to courier their breast milk home from work trips drew praise and criticism on Tuesday, with some campaigners concerned the move could pressure women to cut short their maternity leave. Goldman Sachs said it hopes the […]

Health

Brand-name combo pills may cost more than getting drugs separately

(Reuters Health) – Brand-name medicines that combine multiple drugs into a single pill may be more expensive than buying each drug separately, a U.S. study suggests. Researchers examined data collected from 2011 to 2016 on 1,500 medicines that accounted for the highest total spending for Medicare Part D drug plans in 2015. This included 29 […]

Money

Italy state lender CDP may take over Autostrade – sources

ROME, Aug 21 (Reuters) – Italian state lender Cassa Depositi e Prestiti (CDP) may buy a controlling stake in Autostrade per l’Italia in the wake of the collapse last week of a bridge the motorway operator managed, two sources told Reuters on Tuesday. Some members of the anti-establishment government have suggested that the motorway network […]

Money

Italy’s state lender could take control of Autostrade: sources

ROME (Reuters) – Italian state lender Cassa Depositi e Prestiti (CDP) may buy a controlling stake in Autostrade per l’Italia after the collapse last week of a bridge managed by the motorway operator, two sources told Reuters, but the economy ministry denied knowledge of any such proposal. FILE PHOTO – Toll-road operator Autostrade per l’Italia’s […]

Technology

Russian firms, vessels hit with U.S. sanctions over North Korea oil transfers

WASHINGTON (Reuters) – The United States on Tuesday announced sanctions on two Russian shipping companies and six vessels it said were involved in the transfer of refined petroleum products to North Korean vessels in violation of United Nations restrictions. The Russian flag flies over the Embassy of Russia in Washington, U.S., August 6, 2018. REUTERS/Brian […]

World

U.S. Senate vote on new Russia sanctions unlikely in September – McConnell

WASHINGTON (Reuters) – Legislation warning Russia that it would face heavy U.S. sanctions if it is found interfering in November’s congressional elections will not be voted on anytime soon, Senate Majority Leader Mitch McConnell said on Tuesday as he also cited his strong interest in such a bill. Senate Majority Leader Mitch McConnell (R-KY) speaks […]

Money

The bull that won’t die: S&P 500 back at a record after months on ice

SAN FRANCISCO (Reuters) – After a seven-month stall, Wall Street’s bull market looks back on track, thanks to Amazon.com (AMZN.O), Alphabet (GOOGL.O) and other high-flying technology and consumer discretionary companies. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., August 21, 2018. REUTERS/Brendan McDermid The widely followed S&P […]

Health

Israel bans Juul e-cigarettes over nicotine concentration

JERUSALEM (Reuters) – Israel on Tuesday outlawed the import and sale of e-cigarettes made by Silicon Valley start-up Juul Labs, citing public health concerns given their nicotine content. Juul e-cigarette starter pack is seen in this picture illustration taken July 16, 2018. REUTERS/Martinne Geller/Illustration A statement by Israel’s Health Ministry said the Juul was banned […]

Technology

Senate vote on new Russia sanctions unlikely in September: McConnell

WASHINGTON (Reuters) – Legislation warning Russia that it would face heavy U.S. sanctions if it is found interfering in November’s congressional elections will not be voted on anytime soon, Senate Majority Leader Mitch McConnell said on Tuesday as he also cited his strong interest in such a bill. Flanked by fellow Republicans, Senate Majority Leader […]

World

Police seek protesters who toppled Confederate statue in North Carolina

CHAPEL HILL, N.C. (Reuters) – University of North Carolina police on Tuesday were reviewing video to find the protesters who toppled a statue of Confederate soldier on campus, part of a recent movement to dismantle U.S. Civil War symbols that critics say glorify the South’s legacy of slavery. About 300 demonstrators gathered on Monday evening […]

Money

Probe cites multiple causes for Puerto Rico’s fiscal free fall

SAN JUAN (Reuters) – Short-term fixes, deficit financing and political pressures helped drive Puerto Rico into a fiscal catastrophe that landed the U.S. commonwealth in bankruptcy court last year, according to an investigative report released late on Monday. FILE PHOTO: A man walks past a closed store with signs reading “Closing down sale” and “Everything […]

Sports

UEFA forging ahead with plans to increase value of women’s football

LONDON (Reuters) – The Women’s Champions League is beginning to step out of the shadow of its male counterpart with the ultimate aim of being as much of a must-see and commercially-attractive event, a UEFA official told Reuters on Tuesday. Olympique Lyonnais celebrate after winning the Champions League Final at Valeriy Lobanovskyi Stadium, Kiev, Ukraine […]