U.S. single-family homebuilding plunged to an eight-month low in March and could decline further as tariffs on imported materials raise costs and offset declining mortgage rates.
Read More US single-family housing starts tumble to an eight-month low in March
Bank of America topped estimates for first-quarter profit as interest income grew and volatile markets helped its stock traders rake in a record haul.
Read More BofA stock surges after boosting profit on trading gains, interest income
The cuts in the division follow Google’s January buyout offers to employees in the unit.
Read More Google lays off hundreds of employees in Android, Pixel teams, The Information reports
Prada struck a $1.375 billion deal to buy smaller rival Versace, including its debt, in a move that unites two of the biggest names in Italian fashion.
Read More Prada buys Versace to create Italian fashion powerhouse
A U.S. judge said several companies including Walmart, Beech-Nut and Gerber must face a nationwide lawsuit claiming that toxic heavy metals contaminated their baby food.
Read More Several companies must face lawsuit over tainted baby food, US judge rules
The top two leaders of the U.S. Securities and Exchange Commission’s foreign corrupt practices unit are leaving the agency.
Read More Top officials to leave US SEC’s anti-bribery unit, sources say