US home sales surge in June to fastest pace in 8-plus years

...Sales improved in all four geographical regions: Northeast, Midwest, South and West.The limited supplies could prove a drag on sales growth in the coming months, tempering further gains.Ever rising home values are stretching the budgets of first-time...

Microsoft cuts 7,800 jobs as phone sales flag from its Nokia purchase

...advertising business to AOL Inc.Wall Street seems to prefer Nadella's strategy. Analysts have said the Nokia business was a drag on Microsoft's profits. The company's stock slipped 2 cents to $44.28 in afternoon trading Wednesday."We believe...

Privatizing the storage of nuclear plants' used fuel is worth pursuing

...step forward, because the U.S. Department of Energy's lack of progress in solving the waste problem remains a major drag on the growth of nuclear power. The price Americans pay for lack of progress on nuclear waste disposal is painfully evident...

Federal Reserve reports moderate economic growth

...manufactured goods. But business contacts in the Boston, Cleveland, Chicago, Minneapolis and Dallas districts all reported a drag on either export sales or business investment plans from the stronger dollar, which makes U.S.-made products more expensive...

US trade deficit drops sharply in April

...trade deficit declined sharply in April as exports posted a modest gain and imports fell, raising hopes that trade's drag on economic growth will ease this quarter.The April deficit tumbled 19.2 percent to $40.9 billion after surging to...

Forecast: Augusta economy to grow jobs at 3.1 percent pace

...percent in the next.The unusually harsh winter in the northeastern states that bogged down the U.S. economy also was a drag on Georgia's. Those effects are working themselves out, Dhawan said.More nagging are global issues, such as China's...

Warriors win NBA title, end 40-year drought

...again reign supreme.Their 40-year NBA championship drought is finally over.A half century of misery in Cleveland drags on. LeBron James just didn't have enough help.Stephen Curry and Andre Iguodala scored 25 points apiece, Draymond Green...

Forecast: Augusta economy to grow

...percent in the next.The unusually harsh winter in the northeastern states that bogged down the U.S. economy also was a drag on Georgia's. Those effects are working themselves out, Dhawan says.More nagging are global issues, such as China's...

Rants & Raves

...also fight to protect the other. Regardless of whether I approve of either. WHY IN THE WORLD do I have to look at the paper every morning to see a cartoon of President Obama and Hillary Clinton. Can't y'all find something else to drag on?

Trade deficit reaches 6-year high of $51.4 billion

...months of this year, the trade deficit was 5.2 percent higher than the same period a year ago. A larger trade deficit drags on growth because U.S. producers are losing sales to foreign competitors.The trade gap with China in March surged 38...