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U.S. mortgage rates rise to highest levels in over two years: MBA

NEW YORK (Reuters) – Interest rates on U.S. fixed-rate mortgages rose to their highest levels in more than two years, sending weekly home loan application activity to its weakest since early January, Mortgage Bankers Association data released on Wednesday showed.

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U.S. mortgage rates rise to highest levels in over two years: MBA

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Trump defends Boeing tweet, says companies shouldn’t worry

WASHINGTON (Reuters) – U.S. President-elect Donald Trump on Wednesday defended his direct interventions with companies, including making statements on Twitter, saying businesses will benefit from his actions and his upcoming term in office.

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Trump defends Boeing tweet, says companies shouldn’t worry

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Iran nuclear pact opponents lobby in U.S. against Boeing, Airbus deals

By Patricia Zengerle WASHINGTON (Reuters) – As the U.S. Treasury Department decides whether to license sales of Boeing Co and Airbus commercial aircraft to Iran, opponents of last year's nuclear pact with the Islamic republic have launched a lobbying campaign against the deals. The international agreement to curb Iran's nuclear program…

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Iran nuclear pact opponents lobby in U.S. against Boeing, Airbus deals

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Investor Wilbur Ross urges Trump not to let his behavior become the issue

Billionaire investor Wilbur Ross stood behind Republican Donald Trump but urged him to stop engaging in exchanges that benefit the Democrats and make the real estate mogul's behavior the issue in the U.S. presidential campaign. “This election is Donald's to lose and so far the Democrats have been clever

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Investor Wilbur Ross urges Trump not to let his behavior become the issue

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Away from spotlight, U.S. manufacturers battle back from ‘China shock’

By Howard Schneider HICKORY, North Carolina (Reuters) – As furniture makers left Hickory and headed to China at the start of the century, the local community college shuttered its courses in furniture production, abandoning an industry that had sustained this North Carolina community for generations. The U.S. economy lost almost a third of its manufacturing jobs from 2000 to 2010 and the Republican presidential nominee Donald Trump's pledge to get tough with China and rip up trade pacts to “bring jobs back” has resonated among millions…

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Away from spotlight, U.S. manufacturers battle back from ‘China shock’

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U.S. crude breaks below $40/bbl as oil slumps 4 percent on glut worry

NEW YORK (Reuters) – U.S. crude tumbled below $40 per barrel for the first time since April as oil prices fell nearly 4 percent on Monday on heightened worries of an oil glut after a survey suggested OPEC output reached record highs last month.

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U.S. crude breaks below $40/bbl as oil slumps 4 percent on glut worry

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Gawker Media founder to file for personal bankruptcy: source

By Jessica DiNapoli (Reuters) – Gawker Media founder and CEO Nick Denton will file for personal bankruptcy protection as early as Monday after losing a fight in a Florida court for a shield against a judgment in a breach of privacy case involving professional wrestler Hulk Hogan, according to a…

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Gawker Media founder to file for personal bankruptcy: source

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SolarCity accepts Tesla’s $2.6 billion offer; both shares fall

SolarCity Corp agreed to Tesla Motors Inc's $2.6 billion offer to buy the solar panel installer, the companies said Monday, clearing one obstacle in the way of Elon Musk's ambitious plans for a carbon-free energy and transportation company. Tesla's stock swap offer valued SolarCity at $25.37 a share, or $200 million less than the initial proposal that Musk outlined in June, before advisers to the companies had done due diligence. SolarCity shares closed last Friday at about 5 percent above that

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SolarCity accepts Tesla’s $2.6 billion offer; both shares fall

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U.S. factory activity slips; construction spending hits one-year low

U.S. manufacturing activity eased in July amid shrinking order backlogs and declining employment, while an unexpected drop in construction spending in June suggested second-quarter economic was probably even weaker than reported last week. The Institute for Supply Management's (ISM) report on Monday also showed manufacturers ramping up production to an 18-month high even as factories continued…

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U.S. factory activity slips; construction spending hits one-year low