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Stock market today: Asian shares are mixed as China stocks get bump from new property measures

By ELAINE KURTENBACH AP Business Writer Asian shares were mixed on Friday, with Chinese stocks reversing earlier losses following the announcement of fresh measures to revive the ailing property market. U.S. futures were little changed, with the contract for the Dow Jones Industrial Average near 40,000 after it topped that level for the first time

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China rolls out new measures to fix its property crisis, spur growth

By ELAINE KURTENBACH AP Business Writer China has announced fresh measures to revive its ailing property industry after the latest data showed housing prices slumped further in April. Other figures reported Friday showed factory output rose but consumer spending remained lackluster. China’s housing market has slumped after a crackdown on excessive borrowing by property developers,

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Severe storms kill at least 4 in Houston, knock out power to 900,000 homes and businesses

By DAVID J. PHILLIP, LISA BAUMANN and CHRISTOPHER WEBER Associated Press HOUSTON (AP) — Fast-moving thunderstorms pummeled southeastern Texas on Thursday for the second time this month, killing at least four people, blowing out windows in high-rise buildings, downing trees and knocking out power to more than 900,000 homes and businesses in the Houston area.

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China is expected to announce new measures to fix its property crisis, spur growth

By ELAINE KURTENBACH AP Business Writer China is expected to announce fresh measures to reinvigorate its ailing property industry after the latest data showed housing prices slumped in April. Other figures reported Friday showed factory output rose but consumer spending remained lackluster. China’s housing market has slumped after a crackdown on excessive borrowing by property

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