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Stocks rise...New home sales improve...Amazon goes on hiring spree...Foxconn announcement expected



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NEW YORK (AP) — Stocks are rising in early trading on Wall Street as several big companies report solid results. U.S. Steel soared 9.8 percent after reporting higher sales late yesterday. It also issued an optimistic forecast. Boeing jumped 5.7 percent and AT&T rose 4.2 percent. AT&T said it expects its acquisition of Time Warner to close by the end of the year.

WASHINGTON (AP) — The Commerce Department says new-home sales edged up 0.8 percent in June to a seasonally adjusted annual rate of 610,000. There were 272,000 new homes on the market last month, the most since June of 2009. The median sales price of a new home fell 3.3 percent to $310,800. Sales have registered a healthy 10.9 percent increase so far this year.

SEATTLE (AP) — Amazon has some job openings. Lots of them. The company says it's looking to fill more than 50,000 positions across the U.S. It's planning to make thousands of offers on the spot on Aug. 2, when it opens the doors to potential hires at 10 Amazon.com Inc. shipping sites. There will be more than 10,000 part-time jobs available at sorting centers, and some supporting and managerial positions.

MADISON, Wis. (AP) — Wisconsin Assembly Speaker Robin Vos (vahs) is in Washington for what he says is an expected announcement from President Donald Trump about plans by electronics giant Foxconn to build a manufacturing plant. And Gov. Scott Walker has tweeted that Trump plans to make a "major jobs announcement for Wisconsin." Taiwan-based Foxconn is best known as the assembler of the iPhone. Wisconsin is among seven states, mostly in the Midwest, that the company has named as possible locations to build the its first liquid-crystal display factory that could mean tens of thousands of jobs.

CHICAGO (AP) — Boeing is reporting second-quarter net income of $1.76 billion, after suffering a loss a year earlier. The airplane builder had net income of $2.89 per share. Earnings, adjusted for non-recurring gains, were $2.55 per share, blowing past a per-share forecast of $2.32 from industry analysts. Chicago-based Boeing posted revenue of $22.74 billion and said it expects full-year earnings in the range of $9.80 to $10 per share, with revenue of $90.5 billion to $92.5 billion.

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The Associated Press

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