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  AP Long-term U.S. mortgage rates fell this week to the lowest level since May 2013, driven down by financial tumult in Europe. Mortgage giant Freddie Mac says the average 30-year fixed rate mortgage fell to 3.41 percent from 3.48 percent a week ago. A year ago, the 30-year rate stood at 4.04 percent. The 15-year mortgage rate dropped to ...

  Bloomberg Allianz SE’s Mohamed El-Erian said that the forced deleveraging of U.K. commercial properties after the Brexit vote may spur opportunities for investors. “If you’re a patient investor, with a stomach for mark-to-market volatility and quasi-permanent capital, that is going to be a very attractive area,” El-Erian said in an interview on Saturday with Bloomberg Television. “But wait, let ...

  AP A business group says the $17.55 million paid for a northwest Las Vegas home by Strip illusion show headliner David Copperfield set an area record. The Greater Las Vegas Association of Realtors said Thursday the price eclipsed the $17.375 million paid in 2007 for a mansion at the Shadow Creek Golf Club in North Las Vegas. The broker, ...

  Bloomberg Regus Plc, the world’s largest provider of serviced offices, is speeding up expansion plans in Frankfurt ahead of an anticipated surge in inquiries from financial firms leaving London. In Amsterdam, demand for its workspaces is already rising. “It will be a big opportunity for us to give banks a temporary home,” said Daniel Grimm, head of German development ...

  Bloomberg The US government proposed eight airlines to begin scheduled passenger service to Havana, as carriers hustle to open regular flights to the Cuban capital for the first time in half a century. Flights may begin as early as this fall, the Department of Transportation said in a statement. The airlines winning approval for Havana service were American, Delta, ...

  Bloomberg American Airlines Group Inc will be the first US carrier to offer a premium economy cabin with more legroom, in a bid to win overseas travelers seeking extra perks at a lower price than in business class. The 21-seat, three-row section will debut Nov 4 on the carrier’s first Boeing Co 787-9 Dreamliner on flights between Dallas-Fort Worth ...

  Bloomberg The National Transportation Safety Board is investigating a Delta Air Lines Inc flight that mistakenly landed at a South Dakota Air Force base, about 12 miles (19 kilometers) from its intended destination. Delta Flight 2845 departed from the Minneapolis-St Paul airport Thursday evening en route to Rapid City, South Dakota, carrying 130 passengers on an Airbus Group SE ...

  Bloomberg CFM International Inc., which competes with Pratt & Whitney to power Airbus’s new A320neo aircraft, said it’s confident that deliveries of its Leap 1A engines will stick to the planned schedule even after the European planemaker said its deliveries of the single aisle model this year will be backloaded in the second half. The engine maker, a joint ...

  Bloomberg Trade appears set to make a rare contribution to U.K. economic growth in the second quarter despite a sharp decline in exports in May. Figures published by the Office for National Statistics showed the deficit in goods and services widened to 2.3 billion pounds (US$3 billion) from 2 billion pounds in April. Exports fell 4.4 percent, with shipments ...

  Bloomberg Gap Inc, the biggest US apparel-focused retailer, posted June sales that topped analysts’ estimates, a sign the company’s long-promised turnaround could be taking hold. Total same-store sales, a key benchmark, rose 2 percent in June, the San Francisco-based retailer said in a statement. Analysts had predicted a 3.6 percent decline, according to estimates compiled by Retail Metrics. The ...