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- By Andrea Riquier At what point do would-be buyers get comfortable with just being renters? The numbers: Existing-home sales ran at a 5.38 million seasonally-adjusted annual rate in June,...
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NY Daily News slashes newsroom staffing in half
(AP Photo - Mark Lennihan)
From Associated Press
July 23, 2018 10:07 AM EST

NEW YORK (AP) — The New York tabloid Daily News will cut half of its newsroom staff, saying it wants to focus more on digital news.

U.S. stocks edged lower in early trading Monday as losses in technology companies and retailers outweighed gains elsewhere. Banks posted solid gains.

WASHINGTON (AP) — U.S. sales of existing homes fell 0.6 percent in June, the third straight monthly decline as higher prices and a relative lack of inventory has sidelined many would-be buyers.

MILAN (AP) — Investors sent shares in Fiat Chrysler sliding Monday as they worried about the exit of ailing CEO Sergio Marchionne, whose driven and creative management style has been the company's fortune.

LOUISVILLE, Ky. (AP) — Papa John's is attempting to ward off its controversial founder from amassing a controlling stake in the company by adopting a "poison-pill" plan.

BEIJING (AP) — Chinese leaders are scrambling to shore up public confidence and oversight of the pharmaceutical industry after a rabies vaccine maker was found faking records, the latest in a slew of public health and safety scandals that have outraged Chinese parents.

LONDON (AP) — Stock markets around the world have started the new week on a flat note as trade tensions hogged the headlines following a weekend meeting of financial leaders of the Group of 20 industrial nations.

DETROIT (AP) — Organizers of the North American International Auto Show say that starting in 2020 the annual Detroit event will take place in June instead of January.

BEIJING (AP) — China launched a trade investigation Monday of steel from Europe and South Korea, potentially complicating efforts to recruit them as allies in its tariff dispute with U.S.

SINGAPORE (AP) — Asian markets were mostly lower on Monday as concerns over trade tensions moved to the forefront at the meeting this weekend of the Group of 20 industrial nations.

MILAN (AP) — Sergio Marchionne's achievements as one of the automotive world's most charismatic chief executives include the bold trans-Atlantic merger of Italian carmaker Fiat and U.S.

ST. LOUIS (AP) — Ride-sharing company Uber has suspended a driver who recorded hundreds of St. Louis-area riders without their permission and streamed the live video online.

Tesla has asked some of its suppliers to refund a portion of what the auto maker has already spent to help it become profitable, the Wall Street Journal reports.

BUENOS AIRES, Argentina (AP) — The world's top financial officials called Sunday for more dialogue on trade disputes that threaten global economic growth, with one warning that differences remain and tensions could escalate further.

Mondelez Global says it's voluntarily recalling some of its Ritz Cracker products over potential risk of salmonella. The Hanover, New Jersey-based company says it's recalling 16 varieties of Ritz Cracker Sandwiches and Ritz Bits products in the U.S.

PALO ALTO, Calif. (AP) — Tesla and SpaceX CEO Elon Musk and an artist have settled a row over a farting unicorn. Musk in February tweeted a photo of a mug made by Colorado potter Tom Edwards that showed a tooting unicorn powering an electric vehicle.

In the battle of two very different sequels at the box office this weekend, Denzel Washington's action pic "The Equalizer 2" has narrowly won out over the ABBA jukebox musical "Mamma Mia! Here We Go Again."

PORTLAND, Maine (AP) — New England's lobster industry faces big new challenges in selling to Europe and China, but the trouble hasn't caused prices to budge much for American consumers.

ROME (AP) — Jeep executive Mike Manley will be the new CEO of Fiat Chrysler Automobiles after longtime leader Sergio Marchionne's health suddenly deteriorated following recent surgery.

LONDON (AP) — Britain's slow move away from the European Union took a new twist Sunday as the new Brexit chief suggested that Britain might not pay its 39 billion pound ($51 billion) divorce bill if no trade agreement with the European Union is reached.

BEIRUT (AP) — Lebanon has for decades struggled with daily power cuts that leave residents sweating through their shirts summer after sticky summer.

A private inspector said Saturday that he warned the company operating duck boats on a Missouri lake about design flaws putting the watercraft at greater risk of sinking, less than a year before the accident that killed 17 people during a sudden storm.

SAN DIEGO (AP) — Warner Bros. brought out all the stops Saturday at Comic-Con with an army of stars, surprises and new footage from films like "Aquaman ," ''Shazam! " and even "Wonder Woman 1984," which is only three and a half weeks into production.

The nomination of Mike Manley as CEO of Fiat Chrysler marks a turning point for the carmaker, putting a brand with historic Italian roots in the hands of someone with no ties to Italy — a Brit who showed his mettle by growing the quintessentially American Jeep into a global brand.

BUENOS AIRES, Argentina (AP) — U.S. Treasury Secretary Steven Mnuchin said Saturday that Donald Trump was not trying to put pressure on the Federal Reserve when he criticized its decision to raise interest rates.