Stock market boost on mergers, homebuilder outlook - New York News

Stock market boost on mergers, homebuilder outlook

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NEW YORK (AP) -- Investors on Wall Street wouldn't mind it if today is a re-run of Monday's good show.

The stock market got a boost from mergers, homes, and phones. Stocks posted their biggest gains in almost two months. Two big deals suggested growing confidence in the economy: Luxury retailer Neiman Marcus was sold for $6 billion, and Koch Industries bought electronics component maker Molex for $7.2 billion.

Homebuilding stocks were some of the biggest gainers in the Standard & Poor's 500 index after Hovnavian Enterprises said home prices are rising and its backlog jumped almost 27 percent from a year earlier.

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  • Maryland casino to interview workers from closing Atlantic City casinos

    Md. casino eyes workers from closing Atlantic City casinos

    Friday, July 25 2014 4:32 PM EDT2014-07-25 20:32:23 GMT
    AP photoAP photo
    A Maryland casino is looking to hire some of the soon-to-be-jobless Atlantic City casino workers. Maryland Live! is holding job fairs next week at the Sheraton hotel across from the Atlantic City Convention Center. The Hanover, Maryland casino held a similar recruitment effort in January when The Atlantic Club shut down.
    A Maryland casino is looking to hire some of the soon-to-be-jobless Atlantic City casino workers. Maryland Live! is holding job fairs next week at the Sheraton hotel across from the Atlantic City Convention Center. The Hanover, Maryland casino held a similar recruitment effort in January when The Atlantic Club shut down.
  • Dunkin' Donuts cashiers will try to 'upsell' you in the afternoon

    Dunkin' Donuts cashiers will try to 'upsell' you in the afternoon

    Friday, July 25 2014 5:54 AM EDT2014-07-25 09:54:31 GMT
    If an iced coffee from Dunkin' Donuts is part of your afternoon routine, expect a nudge to buy a cookie or doughnut you didn't plan on. Dunkin' Brands CEO Nigel Travis said in a phone interview Thursday that the company is pushing to get its cashiers to "upsell" to afternoon customers. It's part of an effort to increase sales after stores have emptied out after the morning rush.
    If an iced coffee from Dunkin' Donuts is part of your afternoon routine, expect a nudge to buy a cookie or doughnut you didn't plan on. Dunkin' Brands CEO Nigel Travis said in a phone interview Thursday that the company is pushing to get its cashiers to "upsell" to afternoon customers. It's part of an effort to increase sales after stores have emptied out after the morning rush.
  • iPad sales decline

    Are tablets already on their way out?

    Are tablets already on their way out?

    Friday, July 25 2014 5:50 AM EDT2014-07-25 09:50:16 GMT

    Four years ago, tablet owners starting raving about the market's newest piece of mobile technology. Last quarter, Apple iPad sales fell by 9 percent. Still, forecasting the death of the tablet seems premature and incorrect. More likely, all our devices are cross-breeding and evolving until all our calling, emailing, texting, messaging, Internetting, TV watching, all our communication happens on one mobile gadget.


    Four years ago, tablet owners starting raving about the market's newest piece of mobile technology. Last quarter, Apple iPad sales fell by 9 percent. Still, forecasting the death of the tablet seems premature and incorrect. More likely, all our devices are cross-breeding and evolving until all our calling, emailing, texting, messaging, Internetting, TV watching, all our communication happens on one mobile gadget.
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  • Mayor de Blasio, Bratton seek to improve police-community relations

    Mayor de Blasio, Bratton seek to improve police-community relations

    Monday, July 28 2014 6:30 PM EDT2014-07-28 22:30:38 GMT
    Back from vacation, Mayor Bill de Blasio is addressing the allegations of police choke holds. Standing next to his police commissioner and standing by him, de Blasio declared police community relations will improve by Bill Bratton's call for retraining of officers. The mayor did say that police choke holds are not acceptable.
    Back from vacation, Mayor Bill de Blasio is addressing the allegations of police choke holds. Standing next to his police commissioner and standing by him, de Blasio declared police community relations will improve by Bill Bratton's call for retraining of officers. The mayor did say that police choke holds are not acceptable.
  • Newark, Jersey City, Paterson

    3 New Jersey mayors announce joint anti-crime plan

    3 New Jersey mayors announce joint anti-crime plan

    Monday, July 28 2014 6:28 PM EDT2014-07-28 22:28:17 GMT

    The mayors of New Jersey's three largest urban areas said Monday they are looking at inter-city collaboration as a way to stem the flow of bloodshed on their streets. Newark Mayor Ras Baraka, Jersey City Mayor Steven Fulop and Paterson Mayor Jose Torres spoke mainly in generalities about the partnership, but said specifics would be hammered out at a mayors' roundtable that will convene in September.

    The mayors of New Jersey's three largest urban areas said Monday they are looking at inter-city collaboration as a way to stem the flow of bloodshed on their streets. Newark Mayor Ras Baraka, Jersey City Mayor Steven Fulop and Paterson Mayor Jose Torres spoke mainly in generalities about the partnership, but said specifics would be hammered out at a mayors' roundtable that will convene in September.


  • 2 U.S. marshals, 1 NYPD detective wounded; fugitive killed in Manhattan

    2 U.S. marshals, 1 NYPD detective wounded; fugitive killed in Manhattan

    Monday, July 28 2014 6:11 PM EDT2014-07-28 22:11:24 GMT
    Two deputy U.S. marshals, an NYPD detective, and a sexual assault suspect have been shot in a shootout in the West Village in Manhattan, officials said. The shootout happened near West 4th Street and Jones Street. Speaking at a news conference, Mayor Bill de Blasio said the marshals and cop were taken to a local hospital with apparently non-life threatening injuries.
    Two deputy U.S. marshals, an NYPD detective, and a sexual assault suspect have been shot in a shootout in the West Village in Manhattan, officials said. The shootout happened near West 4th Street and Jones Street. Speaking at a news conference, Mayor Bill de Blasio said the marshals and cop were taken to a local hospital with apparently non-life threatening injuries.
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