Last Top Stories: US commuters spend about 42 hours a year stuck in traffic jams

US commuters spend about 42 hours a year stuck in traffic jams

SAN ANTONIO Aug 26 A strong economy and cheap gas have put more motorists on U.S. roads, leading to the worst-ever traffic congestion and forcing the average urban commuter to waste about 42 hours a year stuck in traffic jams, a report released on ... >> view original

Amazon expands one-hour Prime Now delivery service

SEATTLE—Amazon is expanding its one-hour delivery service to Seattle and three other Washington cities. Prime Now is a benefit available through the mobile app exclusively for Prime members. It offers free two-hour delivery in addition to one-hour ... >> view original

Chinese smartphone market expected to cool this year: Report

The once-hot smartphone market in China is expected to cool this year, growing a meager 1.2 percent, according to a report released Tuesday. The China smartphone market grew 19.7 percent last year and accounted for nearly a third of all new handsets ... >> view original

Ex-JP Morgan analyst, two friends charged with insider trading | Reuters

LOS ANGELES A former analyst with J.P. Morgan Securities (JPM.N) and two friends who prosecutors say made more than $600,000 by trading on inside information have been indicted on federal charges, prosecutors said on Tuesday. The three men, who ... >> view original

European Factors to Watch-Equity futures drop back as Asian shares wobble

(Adds futures prices, company news items). LONDON Aug 26 (Reuters) - European equity futures fell on Wednesday, with a wobble in Asian markets and a fall overnight on U.S. stock markets potentially muting the impact of a sharp rally in the previous ... >> view original

What's the top CEO-to-worker pay gap? 1951 to 1, study says

Discovery Communications topped a list of companies with the largest pay difference between their chief executives and median workers, according to a new study by jobs and recruiting company Glassdoor. The ratio between CEO David M. Zaslav's pay and ... >> view original

China markets jump after rate cut, but worries linger

HONG KONG/SHANGHAI China's turbulent stock markets turned sharply higher at midday on Wednesday, following Tuesday's strong dose of central bank stimulus, though confidence in Beijing's ability to jolt the economy out of its slowdown remained fragile. >> view original

Currency volatility upsets Asian growth plans

SINGAPORE: Faced with falling exports and deflation risks, it suited much of Asia to let their currencies drift lower, until China's abrupt devaluation triggered a tide of volatility that is upsetting not just their currency management but also their ... >> view original

Dallas-area home prices rise 8.2% in June

Dallas-area home prices surged again in June, ranking among the biggest gains for a major metro area nationwide. Area home prices rose 8.2 percent in June, nearly double the national rate, according to the latest S&P/Case-Shiller Home Price report ... >> view original

Transocean to Drop Investor Payout as Cheap Oil Saps Rig Demand

Transocean Ltd., the world's top offshore rig operator, plans to halt investor payouts and book 2 billion Swiss francs ($2.1 billion) in asset impairments as an oil price crash weakens demand for its drillships. The plan will be submitted to ... >> view original