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Wall Street solidly higher ... New Homes sales climb ... Delphi, Mobileye team up


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NEW YORK (AP) — U.S. and European stocks are solidly higher today, helped by a report out of Europe that showed businesses activity was expanding across the continent. Best Buy jumped after the electronics retailer reported a jump in sales. At 10:12 a.m. Eastern Time, the Dow was up 81 points at 18,610. The S&P 500 was up 10 points at 2,193. And the Nasdaq was up 29 points at 5,274.

WASHINGTON (AP) — Americans stepped up their purchases of new homes in July to the fastest pace in nearly nine years, as low mortgage rates and a steady job market are fueling a real estate surge. The Commerce Department says new-home sales jumped 12.4 percent last month to a seasonally adjusted rate of 654,000 units, the strongest level since October 2007. Demand has eclipsed the pace of construction. Just 4.3 months' supply of new homes is on the market, down from 5.2 months a year ago.

DETROIT (AP) — Auto parts and electronics company Delphi Automotive is joining with Israeli software maker Mobileye to develop the building blocks for a fully autonomous car in about two years. Delphi and Mobileye plan to build a complete autonomous driving platform that they will sell to automakers worldwide. They promise to demonstrate the technology at January's Consumer Electronics Show and have it ready for production in 2019.

DALLAS (AP) — AT&T has reached a deal with Cuba's telecommunications company, Etecsa, for enhanced roaming and other cellphone services for wireless customers visiting the island. AT&T says a start date and pricing for the wireless roaming in Cuba — including talk, text and data — will be announced later. Sprint announced a roaming agreement with Etecsa last fall to allow subscribers visiting Cuba to send and receive calls and text messages.

NEW YORK (AP) — McDonald's is recalling millions of fitness bands that had been given away in Happy Meals because they might cause skin irritation or burns to children. The fast-food chain said last week that it would stop distributing the bands in Happy Meals. Now it's recalling 29 million of them in the U.S., and 3.6 million in Canada. The Consumer Product Safety Commission says McDonald's received more than 70 reports of incidents after children wore the Step-It Fitness bands, including seven reports of blisters.

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