U.S. home prices rise less than expected in July: S&P/Case-Shiller

U.S. home prices rise less than expected in July: S&P/Case-Shiller

NEW YORK (Reuters) – U.S. single-family home prices rose in July on a year-over-year basis but fell short of expectations, a closely watched survey said on Tuesday. The S&P/Case Shiller composite index of 20 metropolitan areas gained 6.7 percent in July year over year, shy of expectations for a 7.5 percent rise. On a seasonally [...]

Special Report: Islamic State uses grain to tighten grip in Iraq

Special Report: Islamic State uses grain to tighten grip in Iraq

By Maggie Fick SHEKHAN Iraq (Reuters) – For Salah Paulis, it came down to a choice between his faith and his crop. A wheat farmer from outside Mosul, Paulis and his family fled the militant group Islamic State early last month. The group overran the family farm as part of its offensive that captured vast [...]

EBay follows Icahn’s advice, plans PayPal spinoff in 2015

EBay follows Icahn’s advice, plans PayPal spinoff in 2015

By Supantha Mukherjee (Reuters) – EBay Inc <EBAY.O> said it would spin off PayPal, its fast-growing payments business, into a publicly traded company in the second half of 2015, marking an about-face for the company. The news of the tax-free spinoff to shareholders sent eBay’s shares up 10 percent to $58.15 in premarket trading. EBay [...]

Afghan, U.S. officials sign long-delayed security pact

KABUL (Reuters) – Officials from Afghanistan and the United States on Tuesday signed a long-delayed security agreement to allow American troops to stay in the country after the end of the year, fulfilling a campaign promise by new President Ashraf Ghani. National security adviser Hanif Atmar and U.S. Ambassador James Cunningham signed the bilateral security [...]

Vanguard, BlackRock may reap billions from Pimco after Gross exit

Vanguard, BlackRock may reap billions from Pimco after Gross exit

By Ross Kerber and Luciana Lopez NEW YORK/BOSTON – Vanguard Group and BlackRock Inc could be prime destinations for hundreds of billions of dollars in assets that may flee Pimco in the wake of the sudden exit of Bill Gross, the celebrated "Bond King" of U.S. mutual funds. His new company, Janus Capital Group Inc, [...]

Euro zone inflation slows in September, weakens euro versus dollar

Euro zone inflation slows in September, weakens euro versus dollar

By Jan Strupczewski BRUSSELS (Reuters) – Euro zone inflation slowed further in September on falling prices of unprocessed food and energy, a first estimate showed on Tuesday, sending the euro lower against the dollar on expectations of further European Central Bank policy easing. Eurostat said consumer prices in the 18 countries sharing the euro rose [...]

EU says Ireland tax deal with Apple was state aid

EU says Ireland tax deal with Apple was state aid

By Julia Fioretti and Tom Bergin BRUSSELS/LONDON (Reuters) – The European Union has accused Ireland of giving Apple Inc. state aid by letting the iPhone maker shelter profits worth tens of billions of dollars from tax, in return for maintaining jobs. European Competition Commissioner Joaquin Almunia told the Dublin government in a letter published on [...]

Ukraine prosecutor opens criminal case against Russian officials

Ukraine prosecutor opens criminal case against Russian officials

KIEV (Reuters) – Ukrainian state prosecutors said on Tuesday they had opened a criminal investigation against a Russian law enforcement agency, accusing it of supporting separatist and "terrorist" groups in the east of the country. The move appeared to be a tit-for-tat response to a criminal case launched on Monday by Russia against "unidentified representatives [...]

U.S. signs pact to keep troops in Afghanistan past 2014

U.S. signs pact to keep troops in Afghanistan past 2014

By Kay Johnson KABUL (Reuters) – Officials from Afghanistan and the United States on Tuesday signed a long-delayed security agreement to allow American troops to stay in the country after the end of the year, filling a campaign promise by new President Ashraf Ghani. National security adviser Hanif Atmar and U.S. Ambassador James Cunningham signed [...]

U.S.-led air strikes pose problem for Assad’s moderate foes

U.S.-led air strikes pose problem for Assad’s moderate foes

By Tom Perry REYHANLI Turkey (Reuters) – U.S.-led air strikes against al Qaeda-inspired militants in Syria pose a problem for moderate rebel opponents of Syrian President Bashar al-Assad. The Western-backed rebels say they face a backlash from Syrians angered by the offensive, even though they have been kept in the dark about the air strikes [...]