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By Cindy Barth

Orlando home sales were up 22 percent in August compared to the year-ago period, and median prices increased by 11 percent, a new report from the Orlando Regional Realtor Association shows.

For the month, Realtors participated in the sale of 3,094 homes. While the totals were up year over year, home sales saw a decrease of 13.24 percent when compared with July, ORRA reports.

The overall median price for the month of August was $182,000, an 11.08 percent jump compared to the $163,850 median price… …read more

From:: biz journal foreclosures

FedEx Inc. said late Tuesday it plans to hike its shipping rates at the start of 2016. Effective Jan. 4, the company said shipping rates for FedEx Express, FedEx Ground, FedEx Home Delivery, and FedEx Freight will rise an average 4.9%. FedEx also said it was increasing the surcharge on packages that exceed maximum dimensions effective Nov. 2. FedEx shares rose 0.2% to $154.36 in the extended session.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

The American Petroleum Institute late Tuesday reported that crude supplies fell by 3.1 million barrels for the week ended Sept. 11, according to sources. Analysts polled by Platts forecast a fall of 200,000 barrels. October crude was at $45.15 a barrel on Globex, up from the $44.59 settlement on the New York Mercantile Exchange. The more closely watched Energy Information Administration report is due Wednesday.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

Hewlett-Packard Co. late Tuesday said it plans to lose 25,000 to 30,000 employees from its enterprise unit in line with its effort to reduce annual costs by $2.7 billion. “These restructuring activities will enable a more competitive, sustainable cost structure for the new Hewlett Packard Enterprise,” said Chairman and Chief Executive Meg Whitman speaking at an analysts’ day. The latest job cuts are on top of 55,000 workers it has laid off in a restructuring that began in 2012 as it heads toward a corporate split. The tech company also projected 2016 adjusted earnings per share of $1.85 to $1.95 for Hewlett-Packard Enterprise, one of the two companies that will be created from the separation. Shares of Hewlett-Packard were off 1.1% in after-hours session.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

Novavax Inc. shares advanced in the extended session Tuesday after the vaccine developer announced a promising animal study for one of its vaccine candidates. Novavax shares rose 4.5% to $10.63. The company said pregnant guinea pigs given the vaccine candidate transferred protection to their offspring from respiratory syncytial virus, a lead cause of infant infection.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

Dentsply International Inc. and Sirona Dental Systems Inc. will merge in an all-stock deal that will create the world’s largest maker of professional dental products with a value of about $13.3 billion, the companies announced Tuesday. Sirona shareholders will receive 1.8142 shares of Dentsply for each Sirona share. The combined entity is expected to have revenue of about $3.8 billion and adjusted earnings before interest, taxes, depreciation, and amortization of more than $900 million. Shares of Dentsply were up 1.4% while Sirona shares rose 1.2% during regular session but both were halted in after-hours trade pending news of the merger. The stocks are expected to resume trading at 4:50 pm Eastern.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

U.S. stocks mounted a mini rally Tuesday, with the main indexes scoring their third winning session of the last four, led by a rebound in industrials, financials and health-care shares. The S&P 500 gained 25.05 points, or 1.3% to 1,978.09. The Dow Jones Industrial Average jumped 228.89 points, or 1.4%, to 16,599.85. The Nasdaq Composite ended the day up 54.76 points, or 1.1% at 4,860.52.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

Macy’s Inc. shoppers will be able to use PayPal Inc. when checking out in-store, online or through the retailer’s mobile app by the end of September. The addition gives Macy’s customers the option to pay with PayPal’s OneTouch feature, which cuts the need to enter passwords and usernames each time a user goes through checkout. With OneTouch, which was a result of PayPal’s acquisition of mobile payment platform Braintree, shoppers can push a single button to pay across all integrated apps. In-store customers will be able to use the PayPal app at checkout. Macy’s joins more than half of the top 500 online retailers using PayPal’s OneTouch feature, including Overstock.com Inc. and Home Depot Inc. . Shares of Macy’s have dropped more than 12% in the year to date. The S&P is down 4%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

The Obama administration does not support a House bill to lift the ban on U.S. oil exports, White House press secretary Josh Earnest said Tuesday. Earnest told reporters that such a decision is for the U.S. Commerce Department. House Republicans are planning to vote in the coming weeks to lift the four-decade-old ban.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

Short-term Treasury yields spiked Tuesday in anticipation of a key Federal Reserve decision on whether to increase interest rates expected Thursday. The two-year note yield jumped 6.8 basis points to 0.794%, its highest level since April 2011, according to data from FactSet and Tradeweb. Meanwhile, the one-year bill yield gained 5.9 basis points to 0.444%, its highest level since April 2010. Strategists said the sharp moves were likely positioning shifts ahead of a potential rate hike.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News