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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.

2 hours ago
BUSINESS

University of Kentucky pharmacy professor's firm receives $3 million grant

The National Institutes of Health has awarded $3 million to the start-up company of a University of Kentucky pharmacy professor test and market a nasal spray that counteracts opioid overdoses.
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

FDA panel backs experimental Merck insomnia drug

A federal panel of medical experts said that an experimental insomnia drug from Merck & Co. Inc. appears safe and effective, despite evidence from company trials that the pill can cause daytime sleepiness and difficulty driving.

1 hour ago
BUSINESS

How the Dow Jones industrial average fared

Stock indexes fell on Wall Street on fear the Federal Reserve could pull back from its stimulus programs soon.

7 minutes ago
BUSINESS

Tesla uses stock, note sale to repay government

Tesla Motors, which makes a highly acclaimed $70,000 electric car, has paid off a startup loan from the U.S. government nine years early.

1 hour ago
BUSINESS

Jennifer Lopez to open cellphone stores

"Jenny from the Block" wants the block to buy Verizon phones from her.

57 minutes ago
BUSINESS

Penney secures $2.25B loan as it seeks turnaround

J.C. Penney Co. said Wednesday it has secured a $2.25 billion loan, $500 million more than it had expected, as it tries to stop a collapse in its sales.

1 hour ago