Category: Economy

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IMF revises down U.S. economic growth forecast to 1.7 percent

The International Monetary Fund (IMF) said on Wednesday that it revised its growth estimate for the U.S. economy following a worse-than-expected contr...
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U.S. home sales jump 2.6 percent in June as housing market rebounds

A survey measuring U.S. home sales rose for the third straight month in June, rising to its highest level since October as the housing market recovers...
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Florida realtors power online visibility with RealBiz Media tools, training

One of the largest realtor associations in Florida has tapped online video marketing leader RealBiz Media Group, Inc. to provide its members the most ...
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Russia’s Severstal sells two U.S. steel mills for $2.325B

Russia's OAO Severstal announced on Monday that it will sell two of its U.S.-based steel mills to Steel Dynamics Inc. and AK Steel Corp. for cash deal...
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Allergan Inc. Q2 profit surges 16 percent on strong revenues

Allergan Inc. reported Monday second-quarter profit climbed 16 percent from last year due to double-digit growth in revenue, including improved sales ...
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FL jury slaps RJ Reynolds $23.6 billion punitive damages for death of smoker

A Florida jury has awarded a smoker's widow $23.6 billion in punitive damages and $16 million in compensatory damages in her lawsuit against RJ Reynol...
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U.S. consumer sentiment index fell to 81.3 in July

Sentiment by U.S. consumers surprisingly dropped in July to its lowest level since March, according to a report by Thomson Reuters and the University ...
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Chinese biggest foreign buyer of U.S. homes; 76% of $22 billion purchase in cash

Chinese nationals bought $22 billion worth of homes in the U.S. from April 2013 to March 2014 making them the biggest foreign buyer of local propertie...
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Conference Board’s U.S. leading index climb 0.3 percent in June

The next few months is expected to bring solid numbers for the U.S. economy, according to Conference Board's index of leading economic indicators publ...
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New U.S. sanctions vs. Russia cover weapons makers

The U.S. imposed new sanctions against more Russian businesses, including weapons makers, and officials on Wednesday in response to Moscow's alleged a...