Lennar said on Monday it would buy smaller rival CalAtlantic Group in a stock-and-cash deal valued at about $9.3 billion, including debt, to create the largest homebuilder in the United States. Continue Reading Below CalAtlantic’s shares were up 8.8 percent at $44 in premarket trading, while Lennar’s shares were untraded. […]
FOX News
AP sources: Education Dept. could scale back help on loans
WASHINGTON – The Education Department is considering only partially forgiving federal loans for students defrauded by for-profit colleges, according to department officials, abandoning the Obama administration’s policy of erasing that debt. Continue Reading Below Under President Barack Obama, tens of thousands of students deceived by now-defunct for-profit schools had over […]
Health law sign-ups start, and some see a ‘hostile takeover’
WASHINGTON – It’s sign-up season for the Affordable Care Act, but the Trump administration isn’t making it easy — cutting the enrollment period in half, slashing advertising and dialing back on counselors who help consumers get through the process. Continue Reading Below Many people already faced fewer choices and higher […]
Novartis to buy France’s Advanced Accelerator for $3.9b
Swiss drugmaker Novartis on Monday offered to buy France’s Advanced Accelerator Applications in a $3.9 billion cash deal to strengthen the oncology portfolio at the world’s biggest maker of prescription medicines. Continue Reading Below Basel-based Novartis’s offer of $41 per ordinary share and $82 per American depositary share represents a […]
Debate over tax cuts begins with defining ‘middle class’
WASHINGTON – What is middle class? Continue Reading Below President Donald Trump and Republican leaders are promoting their tax-cutting plan as needed relief for the stressed American middle class and a catalyst for job creation. Democrats say they’re the ones looking out for the middle class, by fighting against proposed […]
Japan transport officials probe faulty Subaru inspections
TOKYO – Officials of Japan’s ministry of land and transport conducted on-site checks Monday at two factories of the automaker Subaru where unqualified workers were inspecting its cars, as reports said the company plans to recall 255,000 vehicles to be re-inspected. Continue Reading Below The officials visited the factories at […]
Astros win thriller, on brink of World Series crown
The Houston Astros traded blows with the Los Angeles Dodgers and escaped a thrilling back-and-forth, home-run filled clash with a 13-12 extra-innings victory on Sunday that put them one win away from their first World Series title. Continue Reading Below After blowing a three-run lead in the ninth inning during […]
HSBC posts higher 3Q profit as Asian pivot pays off
HONG KONG – HSBC said Monday that its profit rose in the third quarter as a sweeping corporate overhaul aimed at winning more business in Asia paid off. Continue Reading Below The London-based global bank said pretax profit rose to $4.6 billion in the July-September period, a more than fivefold […]
Asian markets mixed as market awaits Trump’s Fed decision
BEIJING – Most Asian markets rose Monday as investors waited to learn U.S. President Donald Trump’s pick to head the Federal Reserve and watch for regional data releases. Continue Reading Below KEEPING SCORE: Tokyo’s Nikkei 225 index lost under 0.1 percent to 22,002.40 and the Shanghai Composite Index declined 0.8 […]
Robert Mueller set to act on charges tied to Trump-Russia probe
The first defendants in a criminal investigation of Russia’s meddling in the 2016 presidential campaign could be taken into custody as soon as Monday, people familiar with the matter said, though the nature and target of the charges couldn’t be determined over the weekend. Continue Reading Below Friday, prosecutors led […]