US pending home sales surged to a nine-year high in April in a strong start to the prime spring season, the National Association of Realtors said Thursday. Contracts signed for home purchases leaped a more-than-expected 3.4 percent from March, pushing the NAR pending home sales index to 112.4 the highest level since May 2006. All four major regions in the country saw increases last month, led by the northeast and the midwest, and price increases were accelerating in many markets, NAR said.
DRESDEN, Germany (AP) — Top finance officials from the Group of Seven wealthy democracies are debating ways to broaden and strengthen economic recoveries that aren't as robust as everyone would like.
By Jonathan Stempel and Nate Raymond NEW YORK (Reuters) - A federal appeals court on Thursday rejected Apple Inc's bid to disqualify an antitrust compliance monitor who was appointed after the company was found liable for conspiring with five publishers to raise e-book prices. While saying some allegations against the monitor Michael Bromwich "give pause," the 2nd U.S. Circuit Court of Appeals in New York said a lower court judge did not abuse her discretion in rejecting Apple's bid to disqualify him. Bromwich was installed through a permanent injunction by U.S. District Judge Denise Cote, after she ruled in favor of the U.S. Department of Justice in July 2013 by finding that Apple had played a "central role" in conspiring to raise e-book prices and impede rivals such as Amazon.com Inc .