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US home sales tick up to highest in 3 1/2 years

In this Tuesday, April 2, 2013, photo, Sam and Liz Weidner, of Hudsonville, Mich., view a home for sale in Lowell, Mich. The National Association of Realtors reports on sales of previously occupied homes in April on Wednesday, May 22, 2013.

Sales of previously occupied U.S. homes ticked up last month to the highest level in three and a half years, helped by a jump in the number of houses for sale.

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Archive by category ''Business

DAILY BUSINESS REPORT

Nine Kentucky businesses named "pacesetters"

Nine businesses were inducted into the Kentucky Small Business Development Center's Kentucky Business Pacesetter Program on Wednesday.
BUSINESS

Bernanke signals Fed to maintain stimulus efforts

Chairman Ben Bernanke told Congress Wednesday that the U.S. job market remains weak and that it is too soon for the Federal Reserve to slow its extraordinary stimulus programs.

DAILY BUSINESS REPORT

Bid to end crop insurance subsidy for tobacco worries burley growers

Sen. Dianne Feinstein, D-Calif., and Sen. John McCain, R-Ariz., introduced an amendment to the 2013 Farm Bill to drop the eight USDA tobacco insurance programs.
BUSINESS

Peabody to allow Patriot coal probe of financial advisers

Patriot Coal Corp. can get documents from financial advisers Morgan Stanley and Duff & Phelps related to the company's 2007 spinoff after former parent Peabody Energy Corp. withdrew its opposition.
BUSINESS

IMF head Lagarde in court in fraud probe

International Monetary Fund chief Christine Lagarde is facing questions at a special Paris court Thursday over a controversial financial deal that she oversaw as French finance minister.

2 hours ago
BUSINESS

Lenovo says quarterly profit up 90 percent

Computer maker Lenovo Group said Thursday its latest quarterly profit rose 90 percent as sales of smartphones and mobile computing technology expanded.

3 hours ago
BUSINESS

Review: Google music plan solid, serendipitous

Google Inc.'s new music service offers a lot of eye candy to go with the tunes. The song selection of around 18 million tracks is comparable to popular services such as Spotify and Rhapsody, and a myriad of playlists curated along different genres provides a big playground for music lovers.
BUSINESS

Survey shows China manufacturing contracting

A survey shows China's manufacturing contracted this month, adding to signs a fragile recovery in the world's No. 2 economy is slowing.
BUSINESS

Ford to end auto production in Australia in 2016

Ford Motor Co. said Thursday it will close its two Australian auto plants, ending production in the country in 2016, amid soaring manufacturing costs and plummeting sales.
BUSINESS

On top of big salaries, companies pile on perks

Wynn Resorts pays for founder and CEO Steve Wynn's residence at its tony Las Vegas hotel and casino at a cost of nearly $452,000.