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Tight supply sends home prices up

Subscriber onlyU.S. home prices jumped in January from a year earlier at the fastest pace in nearly 2½ years, as a tight supply of houses for sale spurred bidding wars in many cities. Continue reading...

Uber restarts program after pause

Arizona accident led to shutdown of self-driving cars

Subscriber only Uber said Tuesday it is resuming its self-driving car program in Arizona and Pittsburgh after it was suspended following a crash over the weekend. Continue reading...

Senator to probe opioid makers

Sales, marketing data demanded

Subscriber onlyA Democratic senator is seeking information from manufacturers of the top-selling opioid products in the United States to determine whether drugmakers have contributed to an overuse of the painkillers. Continue reading...

GM nixes proposal of 2 stock classes

Subscriber onlyGeneral Motors has rejected a proposal from investor David Einhorn to split its stock into two classes. Continue reading...

Fed chief urges banks to nurture low-income areas' growth

Subscriber onlyFederal Reserve Chairman Janet Yellen said Tuesday that U.S. banks must do all they can to promote economic development in low-income areas where high unemployment has persisted despite the overall job market's significant gains. Continue reading...

Chinese firm's 5% buy-in bolsters Tesla

Subscriber onlyTesla won a vote of confidence from Chinese Internet giant Tencent Holdings, whose purchase of a 5 percent stake strengthens Elon Musk's plan to offer his mass-market Model 3 electric sedan to buyers this year. Continue reading...

No-frills carrier Frontier Airlines to seek IPO in second quarter

Subscriber onlyFrontier Airlines Inc., the no-frills U.S. carrier whose aircraft feature animals on the tails, is aiming to go public as soon as the second quarter, people with knowledge of the matter said. Continue reading...

Internet providers OK $1.5B merger

Subscriber onlyShareholders of telecommunications companies Consolidated Communications and FairPoint Communications voted Tuesday to approve a proposed merger. Continue reading...

U.S. gives Wells Fargo failing grade

Subscriber onlyIn the latest blow to Wells Fargo's efforts to rebuild its reputation after months of turmoil, the bank on Tuesday received a failing score on community lending from its federal regulator. Continue reading...

Stocks rise, end Dow's 8-day skid

Subscriber onlyBanks and other financial companies led U.S. stock indexes sharply higher Tuesday, snapping an eight-day losing streak for the Dow Jones industrial average. Continue reading...

Business news in brief

Subscriber onlyAmazon employees test grocery pickup Continue reading...

During oil bust, drilling changed

Industry leaner, more automated

Subscriber onlyDALLAS -- The oil industry's history is punctuated with boom-and-bust cycles that create and erase fortunes and drive economies. Continue reading...

Even with tax cuts, economists predict modest GDP gains

Subscriber onlyWASHINGTON -- U.S. economic growth is expected to accelerate this year and next, yet remain modest, even if President Donald Trump's promised tax cuts and infrastructure spending are implemented, a survey found. Continue reading...

Used-car slump hammers Hertz

Low prices hinder plans to upgrade aging rental fleet

Subscriber onlyAs investor worry spreads about the plunging prices of used cars in the U.S., Hertz Global Holdings Inc. and its high-profile top investor, Carl Icahn, are enduring the biggest beating. Continue reading...

Swipe-fee sides pressuring lawmakers

Subscriber onlyCongressional Republicans are eager to overhaul the Dodd-Frank financial law. But one part, they say, they wouldn't mind putting off. Continue reading...

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