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Israeli port workers defy court order to continue strike

Spokesmen for the ports of Ashdod and Haifa said 2,400 workers had left their posts and union leaders had gone underground. The government, frustrated by labour disputes that have disrupted Israel's trade arteries for years, signed contracts with two foreign companies on Thursday to operate terminals adjacent to the state-run ports of Ashdod and Haifa.
Source: Reuters | By: Steven Scheer
US stocks down as Shanghai sinks, Greece deadline looms

NEW YORK- U.S. stocks were slightly lower in early trading Thursday, following a steep sell-off in the Chinese stock market and the approaching deadline for cash-starved Greece to make a debt payment. MORE M&A: Chipmakers Avago Technologies and Broadcom agreed to merge in a $37 billion deal. Broadcom was down $1.72, or 3 percent, to $55.45.
Source: The Associated Press | By: By KEN SWEET, AP Business Writer
Pending US home sales jump to strongest level in 9 years

WASHINGTON- Americans signed contracts to buy homes in April at the fastest pace in nearly nine years, evidence that steady job growth is strengthening the real estate market. The National Association of Realtors said Thursday that its seasonally adjusted pending home sales index climbed 3.4 percent to 112.4 last month. The index now stands at its highest...
Source: The Associated Press | By: By JOSH BOAK, AP Economics Writer
Stocks lower as Greece, Shanghai weigh; transports fall 1%

U.S. stocks traded mostly lower on Wednesday as lack of resolution on Greece debt talks and a massive selloff in Shanghai stocks weighed on investor sentiment.
Source: CNBC.com | By: Evelyn Cheng
Pending home sales spike to highest in 9 years

April's so-called "pending" home sales rose 3.4 percent versus March to the highest level in nine years.
Source: CNBC.com | By: Diana Olick
Biotech investors up big amid bubble talk

Some view skyrocketing biotechnology stocks as a bubble, but hedge funds are riding optimism on companies in the sector to monster gains-for now.
Source: CNBC.com | By: Lawrence Delevingne
Global gambling sector worth over $450 billion

Global gambling revenues climbed to more than $450 billion in 2014 and are predicted to reach $525 billion by 2019, according to an industry report.
Source: CNBC.com | By: Luke Graham, special to CNBC
Atlantic City sues over failed community loan program

Atlantic City is suing to get back $3 million it gave to the company that has failed to run the Community Loan Program, launched in 2013 by Lorenzo Langford, the mayor at the time. The company used most of the city money to buy a finance firm in Tennessee that has since had management of more than $6.6 million in government-backed loans taken away by the Small...
Source: The Associated Press | By: By JOSH CORNFIELD, Associated Press
U.S. company pensions less solvent in 2014 -UBS

NEW YORK, May 28- U.S. corporate pension funds turned less solvent in 2014 versus 2013, approaching risky levels based on regulations, as their liabilities ballooned by more than $180 billion, according to UBS analysts. "Consequently, dropping so perilously close to the 80 percent level should sound an alarm for the entire corporate pension space," UBS analysts...
Source: Reuters
Want to travel at the speed of sound? It's happening

Hyperloop, the transportation brainchild of Tesla boss Elon Musk, which plans to take you from San Francisco to Los Angeles in 30 minutes, could be be free to use.
Source: CNBC.com | By: Arjun Kharpal