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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...

Travel and Tourism

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...

Universal unveils Epic Universe to challenge Disney’s dominance
Universal's new Epic Universe park challenges Disney in Florida

ORLANDO, Florida: For years, Universal Orlando played second fiddle to Disney's sprawling empire in Central Florida. Now, with the...

Judge allows Delta to proceed with CrowdStrike lawsuit
Court: Delta can sue after outage canceled 7,000 flights

ATLANTA, Georgia: A judge in Georgia has ruled that Delta Air Lines can continue most of its lawsuit against the cybersecurity company...

DOJ drops lawsuit against Southwest over chronic flight delays
US drops suit against Southwest Airlines over delayed flights

WASHINGTON, D.C.: The U.S. Department of Justice dropped a lawsuit last week against Southwest Airlines. The lawsuit, filed near the...

Spain orders Airbnb to delist 65,000 rentals for illegal listings
Spain blocks more than 65,000 Airbnb holiday rental listings

MADRID, Spain: Spain has ordered Airbnb to remove more than 65,000 holiday rental listings from its platform, accusing the company...

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