Bloomberg Tempur Sealy International Inc. shares jumped the most in almost four years after the mattress company’s earnings topped estimates, helped by a rise in U.S. home construction. Second-quarter profit rose to 92 cents a share, excluding some items, the Lexington, Kentucky-based company said on Thursday. That beat the 69 cents estimated by analysts, according to data compiled by ...

  Bloomberg New Jersey construction workers, engineers and even gas-station retailers urged legislators to approve a gasoline-tax increase to fund transportation projects and end a roadwork shutdown that has left thousands without jobs. Legislation opposed by Republican Governor Chris Christie passed the Senate budget committee on Friday. The panel’s chairman, Democratic Senator Paul Sarlo, told reporters he’s still working to ...

  Bloomberg It turns out that even the well-off need help in a housing market as crazy as the one in the San Francisco Bay area, and lenders are elbowing each other in a rush to provide it. They’re courting Silicon Valley workers with tailored loans, guaranteed 24-hour approval and financial-planning services. Social Finance Inc. has deals with Google and ...

  Bloomberg Oracle Corp., lagging the competition in cloud-based services, is essentially buying market share with its $9.3 billion acquisition of NetSuite Inc. Oracle has been trying for years to shift from selling software installed on corporate customers’ gear the old way to delivering it over the internet. Yet in its most recent quarter, the company said the cloud division ...

  Relaxnews September brings with it a first reveal of Nintendo’s next home console, and a new report indicates that it will be a tablet-style affair with big screen capabilities. The Nintendo NX will combine handheld and stationary console design standards, with each controller comprising a display “bookended by two [detachable] controllers on each side,” according to a new report. ...

  Bloomberg Supercomputers that create 3-D seismic maps of BHP Billiton Ltd.’s oil and gas assets are accelerating work to bring new fields into production and have already notched savings of $500 million in development costs at a project in the Caribbean. The computers are among initiatives aimed at using technology such as drones and robot drills to cut operating ...

  Bloomberg Line Corp. posted a profit in its first earnings report since ushering in the year’s biggest technology debut, as monthly active users rose just 4 percent to 220 million. Japan’s largest mobile messaging service announced 2.56 billion yen ($24.3 million) of net income in the six months through June, from a loss of 5.3 billion yen a year ...

  Bloomberg Bank of China Ltd. is heading down the old Silk Road marketing new goods: Debut bonds from Saudi Arabia to Kazakhstan. In its biggest-ever foray outside Asia, the state-controlled lender is said to have landed three mandates to co-manage emerging-market Eurobonds, including the Saudi government’s international sale. China’s fourth-largest lender is one of nine underwriters hired by the ...

  Bloomberg Tata Group, the coffee-to-cars conglomerate, said revenue slipped 4.6 percent for the year ended in March, hurt by global political uncertainty, a commodity price crash and volatility in currencies. Revenue at India’s biggest business house dropped to about $103 billion from $108 billion the previous year, according to a statement. The company draws 69 percent of its revenues ...

  Bloomberg China’s Fosun on Saturday signed an agreement to acquire Brazil-based investment management firm Rio Bravo, according to a statement, just a day after the Chinese conglomerate announced another massive overseas deal. Fosun, which has interests ranging from property to mining, said it will buy the controlling share of privately-owned Rio Bravo Investimentos, but did not give a value ...