Home repossessions in the U.S. jumped 11 percent in May after declining for the previous five months as rising prices and limited inventory for sale across the country spurred banks to complete foreclosures.
Several tornadoes, high winds and hail brought down power lines and trees and damaged buildings across the U.S. Midwest, even as the chance of a massive rare storm dwindled, according to the U.S. Storm Prediction Center.
Mondelez International Inc., the world’s second-biggest coffee maker, will start selling Nespresso-compatible capsules across Europe this fall, posing the sternest competitive challenge yet to the Nestle SA brand.
Bringing the U.S. Open back to Merion Golf Club, where Bobby Jones completed the sport’s only Grand Slam and Ben Hogan’s 1-iron shot became one of its most enduring images, will result in an unusual outcome for the U.S. Golf Association: a loss.
Senator Rand Paul is itching to challenge the constitutionality of the National Security Agency’s surveillance practices before the U.S. Supreme Court, and the American Civil Liberties Union has already filed such a suit. Justice Sonia Sotomayor might be glad to see them both there.
The nominations of Penny Pritzker for Commerce secretary and Anthony Foxx as Transportation secretary advanced to the full U.S. Senate, bypassing the political fights that have stymied other high-level appointments.