SILVER SPRING, Md. (AP) — Sales of new single family homes in December rose to their highest level in 10 months as buyers snapped up cheaper homes in anticipation of higher interest rates. The increase put the seasonally adjusted annual sales pace to 811,000 for the month, according to the Commerce Department, an 11.9% increase…
OMAHA, Neb. (AP) — Norfolk Southern railroad delivered 13% greater profit in the fourth quarter even though the amount of cargo it transported declined because it was able to raise rates. The Atlanta-based company said it earned $760 million, or $3.12 per share, in the quarter. That’s up from $671 million, or $2.64 per share,…
The Bill and Melinda Gates Foundation announced Wednesday it will add four members to its board of trustees, a first for the Seattle-based philanthropic giant whose decision making has been guided by very few hands since its incorporation in 2000. The foundation, one of the world’s largest with its $50 billion endowment, said it would…
ATHENS, Greece (AP) — Greek army and municipal crews removed hundreds of vehicles Wednesday that had been stranded in snow for three days along a road linking Athens to its international airport, as authorities struggled to clear blocked thoroughfares and restore power to blacked out parts of the capital. In Istanbul, Turkey’s largest city, road…
Boeing on Wednesday reported a $4.16 billion loss for the fourth quarter as the financial fallout of production flaws in one of its best-selling planes, the 787 Dreamliner, grew much worse. The aircraft maker took a charge of $3.5 billion to cover additional delays in delivering copies of its 787 jetliner and compensation for airlines…
LONDON (AP) — Chipmaker Intel scored a decisive legal victory Wednesday in a long-running battle against European Union competition watchdogs after a court reversed itself and threw out a billion euro antitrust fine issued more than a decade ago. The EU’s General Court annuled the 1.06 billion euro fine ($1.43 billion at current exchange rates)…
BERLIN (AP) — The German government on Wednesday cut its growth forecast for this year, but said that Europe’s biggest economy remains “robust” and will return to its pre-pandemic size in 2022. The Economy Ministry predicted that gross domestic product will grow by 3.6%, down from the 4.1% Germany’s previous government forecast in late October….
BEIJING (AP) — Asian stock markets tumbled by unusually wide margins Thursday after the Federal Reserve indicated it plans to start raising interest rates soon to cool inflation. Market benchmarks in Tokyo and Hong Kong fell by more than 2%. Seoul and Sydney sank nearly 3%. Wall Street’s benchmark S&P 500 index lost 0.1% on…
LONDON (AP) — Prime Minister Boris Johnson was braced for the conclusions of an investigation into allegations of lockdown-breaching parties, a document that could help him end weeks of scandal and discontent, or bring his time in office to an abrupt close. Senior civil servant Sue Gray could turn in her report to the government…
The trenches are dusted with snow and tinged with soot and dirt. Dull colors will cling to them for weeks to come, as the men inside search for enough cellphone signal to hear the latest from the distant capitals that will decide their fate. Moscow, Washington, London, Paris, Berlin, Vienna. Sometimes Kyiv. But only sometimes….
