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Home resales in U.S. climb for 4th month

Realtors report 2.4% surge in July; ‘distressed’ deals dip

Subscriber onlyWASHINGTON -- Sales of previously owned U.S. homes rose for the fourth-straight month in July to their highest level in nearly a year, the latest sign that the housing recovery is picking up after stumbling at the start of the year. Continue reading...

Company advances oil pipeline project

Route across Arkansas still not final

Subscriber onlyPlains All American Pipeline LP said Thursday it will press forward with plans to build a 20-inch pipeline to carry crude oil from Cushing, Okla., to Memphis. Continue reading...

Week's jobless claims fall 14,000

Subscriber onlyWASHINGTON -- Fewer people applied for U.S. unemployment benefits last week, another sign the job market is improving. Continue reading...

Car-Mart gains, revenue beat 1st-quarter forecasts

Subscriber onlyBuy-here, pay-here used-car dealer America's Car-Mart smashed earnings and revenue estimates for its first quarter, saying its efforts to find and retain customers are paying off. Continue reading...

Business news in brief

Subscriber only30-year mortgage rate 4.10%, year's low Continue reading...

Bank penalty $17 billion

Subprime blame is to cost Bank of America

Subscriber onlyBank of America has reached a record $17 billion settlement to resolve an investigation into its role in the sale of mortgage-backed securities before the 2008 financial crisis, officials directly familiar with the matter said Wednesday. Continue reading...

Target scales back 2014 forecast

Canada losses, hacking fallout cut profits, retailer says

Subscriber onlyTarget Corp. has reduced its financial outlook twice since Brian Cornell was named chief executive officer three weeks ago. Now the company's new leader has to show he can clear that lower bar. Continue reading...

Apple hits new high on rebound

Stock rise points to investors’ faith, boosts market value

Subscriber onlyApple's stock touched a new high Wednesday, reflecting investors' renewed faith in CEO Tim Cook's ability to outwit the competition and expand the technological hit factory built by the late Steve Jobs. Continue reading...

Lowe's: Will buy overseas, not build

Subscriber onlyIf North Carolina-based Lowe's Inc. decides to expand overseas, Chief Executive Officer Robert Niblock said the home improvement company will look to do so by buying existing firms, rather than muscling in with more Lowe's stores. Continue reading...

Fed signals quicker exit on stimulus

Subscriber onlyFederal Reserve officials raised the possibility that they might begin removing aggressive stimulus sooner than anticipated, as they neared agreement on an exit strategy, according to minutes of their July meeting released Wednesday. Continue reading...

Fired for health-program refusal, suit says

Subscriber onlyOrion Energy Systems Inc. was sued Wednesday by the U.S. Equal Employment Opportunity Commission for reportedly punishing, then firing, a worker who refused to participate in a company wellness program. Continue reading...

Berkshire to pay $896,000 for failing to report investment

Subscriber onlyWarren Buffett's company has agreed to an $896,000 penalty for failing to tell regulators about a December 2013 investment in wallboard maker USG Corp. beforehand. Continue reading...

Fed rate chatter can't slow stocks

Subscriber onlyThe stock market rose for a third straight day Wednesday despite a report from the Federal Reserve that showed a growing chorus of central bank officials willing to raise interest rates sooner rather than later. Continue reading...

Business news in brief

Subscriber onlyGlobal OK'd for oil by rail; Tesoro waits Just as Global Partners LP gained approval to unload more oil from rail cars at a marine terminal in Oregon, Tesoro Corp. learned its plans for a similar project in neighboring Washington will have to wait. Continue reading...

Housing starts jump 15.7% in July

Apartment builds at 33% reflect weak wages, loan rates

Subscriber onlyHousing starts surged in July to the highest level in eight months, the Commerce Department reported Tuesday, underscoring the recent pickup in builder optimism as the U.S. residential real-estate market gains some traction. Continue reading...

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