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Business

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Builder discounts drive sales spike, but housing outlook wary
April US new home sales hit 3-year high amid price cuts

WASHINGTON, D.C.: New single-family home sales in the U.S. rose sharply in April to their highest level in over three years as builders...

CEO says health push weakened Nestle, vows return to F&B roots
Nestle refocuses on core food business after diversification misstep

VEVEY, Switzerland: Nestle is realigning its focus on its core food and beverage operations after expanding into areas like health...

Ford sues California law firms over alleged Lemon Law fee fraud
Ford accuses law firms of fraud, including billing 57-1/2 hour workday

DEARBORN, Michigan: Ford Motor Company has filed a lawsuit against several California lawyers and law firms, accusing them of cheating...

US drug launch prices double in four years, Reuters finds
Prices for new US drugs doubled in 4 years, focusing on rare diseases

BRUSSELS, Belgium: U.S. drugmakers are charging significantly more for new treatments, particularly those targeting rare diseases,...

Allegations of secret nursing home deals shake UnitedHealth
UnitedHealth shares plunge after undisclosed payment report

MINNETONKA, Minnesota: UnitedHealth shares took a sharp hit this week, after a report by the UK's Guardian alleged the healthcare giant...

Trump-backed $1.5 billion golf project breaks ground near Hanoi
Trump Organization breaks ground on $1.5 billion golf club in Vietnam

HUNG YEN, Vietnam: A new US$1.5 billion luxury golf and residential project backed by the Trump Organization officially broke ground...

New York

Section
Passenger traffic plummets at Newark Airport amid travel disruptions
Travelers avoid Newark Airport after air traffic issues, data shows

NEW YORK CITY, New York: Passenger numbers at Newark Liberty International Airport in New Jersey have dropped sharply, according to...

US FAA orders flight reductions at Newark Airport to ease congestion
US FAA announces Newark flight cuts to reduce congestion

WASHINGTON, D.C.: The Federal Aviation Administration (FAA) said this week that it will require airlines to reduce the number of flights...

US Justice Department probes Cuomo over alleged COVID misstatements
US Justice Department investigating former New York governor Cuomo

WASHINGTON, D.C.: The U.S. Justice Department is investigating Andrew Cuomo, the former governor of New York and a top candidate for...

Russia requests UN meeting on threats by Ukraines backers
Russia requests UN meeting on threats by Ukraines backers

German Chancellor Friedrich Merz earlier said Kiev is not bound by range restrictions on weapons supplied to the country Russia has...

NATO chief fears Trump-Zelensky conflict could derail summit NYT
NATO chief fears Trump-Zelensky conflict could derail summit  NYT

Mark Rutte is reportedly hoping to keep any meeting between the two short and sweet NATO Secretary General Mark Rutte fears that...

Trump could exit Ukraine talks NYT
Trump could exit Ukraine talks  NYT

The US president, however, has signaled he has no plans to ramp up sanctions against Moscow, the newspaper claims US President Donald...

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