Business News

AP Top Business News at 9:55 p.m. EDT

US new-home sales climb to best level since late 2007
WASHINGTON (AP) -- Americans stepped up their purchases of new homes in July to the fastest pace in nearly nine years, the latest sign that low mortgage rates and a solid job market are helping support the residential real estate market....

Some vacation spots quietly benefit as travelers avoid Zika
NEW YORK (AP) -- With government officials now warning pregnant women to avoid Miami Beach in addition to Puerto Rico, some sun seekers are desperately scrambling for a Zika-free vacation....

How EpiPen's maker raised prices, and hackles, so much
TRENTON, N.J. (AP) -- Sky-high price hikes for EpiPen, the injected emergency medicine for severe allergic reactions to foods and bug bites, have made its maker the latest target for patients and politicians infuriated by soaring drug prices....

Lawmakers demand information on EpiPen price increase
WASHINGTON (AP) -- Members of Congress are demanding more information on why the price for lifesaving EpiPens has skyrocketed....

Modest but steady gains for US indexes; homebuilders soar
NEW YORK (AP) -- Stocks posted modest gains on Tuesday, bringing indexes nearly back to the record levels they reached last week. Homebuilders rose sharply following a big jump in sales of new homes last month, and Best Buy soared after the electronics retailer reported a surge in profit as online sales increased....

Howard Johnson's restaurant to close, leaving only 1 more
BANGOR, Maine (AP) -- The closing of one of the last two Howard Johnson restaurants in a couple of weeks will mark the end of its fried clam strips, ice cream and other menu staples that nourished baby boomers and leave the once-proud restaurant chain teetering on the brink of extinction....

Beer mega merger: what court ruling means for troubled deal
LONDON (AP) -- A British court has ruled that two groups of shareholders in brewing company SABMiller should vote separately on the 79 billion pound ($104 million) takeover offer made by rival Anheuser-Busch InBev, effectively giving smaller investors an outside chance to derail the deal....

Social Security rolls back security measures on website
WASHINGTON (AP) -- The Social Security Administration has rolled back extra security measures on the agency's website after getting complaints from people who had trouble accessing their accounts....

Qantas posts record $1.1 billion profit amid restructuring
SYDNEY (AP) -- Qantas Airways Ltd. posted a record full-year profit of 1.53 billion Australian dollars ($1.1 billion) on Wednesday, after undergoing a cost-saving restructuring amid steep losses just two years ago....

Best Buy posts higher profit, better online and store sales
NEW YORK (AP) -- Best Buy's profit jumped 21 percent as the nation's largest consumer electronics retailer increased sales online and tried to create a better shopping experience in the stores while it also cut costs....

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Markets Right Now: US stocks notch modest gains

Best Buy posts higher profit, better online and store sales

Parent of Circle K buying Texas-based CST Brands for $4.4B

4 arrested in protest against federal oil lease sales

Stocks rise on upbeat European business data, US home sales

Some vacation spots quietly benefit as travelers avoid Zika