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FILE - In this Wednesday, June 20, 2012, file photo, a worker stands in the early-morning sunlight on a home construction project in Newtown, Pa. The Commerce Department reports on sales of new homes in June later Thursday July 24, 2014. (AP Photo/Mel Evans, File)

US new-home sales plummet in June

The modest sales caused the inventory of new homes on the market to increase to 5.8 months, the highest since October 2011

In this June 6, 2014 photo, Union Pacific locomotives pull a train in Council Bluffs, Iowa. Union Pacific reports quarterly financial results on Thursday, July 24, 2014. (AP Photo/Nati Harnik)

Union Pacific 2Q profit chugs ahead 17 percent

Union Pacific’s earnings per share were helped by the railroad’s purchase of 8.3 million shares of its own stock for $806 million during the quarter

FILE - This Tuesday, Jan. 28, 2014 file photo, shows a display of Scotch tape, a 3M brand, in a Walmart store in Robinson Township, Pa. 3M reports quarterly financial results on Thursday, July 24, 2014. (AP Photo/Gene J. Puskar)

3M 2Q profit rises 6 percent

The maker of Post-it notes, industrial coatings and ceramics posted net income of $1.27 billion, or $1.91 per share

This undated photo provided by Hermes shows France's Nadege Vanhee-Cybulski, who was named has named French luxury powerhouse Hermes' new womenswear designer, to replace outgoing Christophe Lemaire. She was previously women's design director at Ashley Olsen and Mary-Kate Olsen's The Row, and has worked in important behind-the-scenes roles at Martin Margiela and Celine in Paris. (AP Photo/Inez et Vinoodh, Hermes)

Hermes names new womenswear designer

She said Thursday in a statement she was “overjoyed to join the Hermes house, which I admire and share all my values with”

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