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August, 26, 2016

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Business > Americas
Busy day at the beach
A lifeguard keeps an eye on swimmers at the beach on Coney Island in the Brooklyn borough of New York on Saturday, Aug. 20.
 
Media giant Viacom announced a formal agreement Saturday in its nasty corporate power struggle, under which mogul Sumner Redstone will remain atop his empire and chief executive Philippe Dauman leaves the company.
 
Twitter announced Thursday that it had cut off 235,000 accounts during the past six months in a heightened crackdown on use of the global messaging service to promote violent extremist causes.
 
Fewer people sought U.S. unemployment benefits last week, evidence that layoffs are scarce and employers are likely hiring at a solid clip.
 
Fewer people sought U.S. unemployment benefits last week, evidence that layoffs are scarce and employers are likely hiring at a solid clip.
 
Long-term U.S. mortgage rates edged lower this week, remaining at historically low levels as a potential spur to home purchases.
 
The U.S. dollar dropped Thursday as records from the Federal Reserve's last meeting dampened hopes of an imminent U.S. interest rate hike.
 
U.S. consumer prices were unchanged in July as a big drop in gasoline and other energy prices kept inflation under control.
 
US factory output jumps 0.5 percent for biggest gain in year
U.S. factories cranked out more autos, machinery and chemicals in July, lifting production by the most in a year.
 
Apartment construction in the U.S. northeast fueled a jump in home building in July as the pace of housing starts nationwide reached their strongest pace in six months.
 
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