Business

Business

The Health Reporter Is In: July 26, 2017

Questions? Ask our Health Reporter by clicking here

Q: Is there anything to the rumor that Presence Covenant Medical Center is being sold to OSF Healthcare?

Amazon goes on hiring spree as labor market tightens

SEATTLE (AP) — Amazon has some job openings. Lots of them.

The company on Wednesday said that it's looking to fill more than 50,000 positions across the U.S. The announcement comes at a time when the labor market is growing tight with back-to-school and holiday shopping around the corner. Others will be competing for many of those potential hires.

New-home sales improve modestly in June

WASHINGTON (AP) — U.S. sales of new homes perked up slightly in June, a sign that more would-be buyers are seeking newly built properties.

The Commerce Department said Wednesday that new-home sales edged up 0.8 percent to a seasonally adjusted annual rate of 610,000. Sales have registered a healthy 10.9 percent increase so far this year.

$1 sodas put added fizz in McDonald's U.S. sales

OAK BROOK (AP) — McDonald's is trying to modernize its image by rolling out delivery and promising fresh beef in Quarter Pounders. But for now, $1 sodas are helping get people in the door.

The company said Tuesday that discounted drinks and a new line of pricier burgers helped boost sales in its flagship U.S. market by 3.9 percent at existing locations during the second quarter.

07-25-17 On The Money

07-25-17 On The Money: Play now!

07-25-17 On The Money, Paul Ruedi with David Ruedi and Daniel Ruedi for Paul Ruedi's On The Money.  Today a look at long term investing and the current market.

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Home prices reach record high for 6th straight month

WASHINGTON (AP) — U.S. home prices reached a new high in May for the sixth straight month, which may raise fears of another housing bubble roughly a decade after a previous one burst.

The Standard & Poor's CoreLogic national home price index, released Tuesday, increased 5.6 percent in May, the latest data available. It is now 3.2 percent higher than its July 2006 peak.

Consumer confidence rebounds in July

WASHINGTON (AP) — U.S. consumers gained confidence this month, with more Americans pleased by current conditions and more hopeful about the future.

Real-estate firm owner apologizes for 'tone deaf' ad

DETROIT (AP) — A billionaire businessman has apologized for his real-estate company's controversial sign in downtown Detroit that says "See Detroit Like We Do" with an image of a mostly white crowd.

Quicken Loans founder and Cleveland Cavaliers majority owner Dan Gilbert posted on Facebook Sunday, saying his Bedrock company "screwed up badly."

Home sales fall 1.8 percent in June

WASHINGTON (AP) — Homebuyers faced surging prices and a shrinking number of properties for sale in June — causing the pace of sales to fall.Sales of existing homes slipped 1.8 percent last month to a seasonally adjusted annual rate of 5.52 million, the National Association of Realtors said Monday.

Sugar deal with Mexico: Who will taste the benefits?

Are Americans getting a raw deal on sugar prices?

President Donald Trump called a recent agreement on sugar with Mexico a "very good one" for both countries. But companies that make candy, cakes and other foods containing the sweetener say it will lead to Americans paying more than they already do.