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Tuesday, May 28, 2013

Business Today: Home prices accelerate by most in seven years

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05/28/2013
Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between
Home prices accelerate by most in seven years
NEW YORK (Reuters) - Home prices accelerated by the most in nearly seven years in March as the spring buying season gave the sector traction, while surging consumer confidence pointed to some resilience for the economic recovery.
Dow ends at record as central banks reassure Wall Street
NEW YORK (Reuters) - Stocks rose on Tuesday, with the Dow closing at yet another record high, in the wake of Wall Street's first three-day losing streak of the year, after central banks reassured investors that they will keep policies designed to foster global growth.
U.S. accuses cyber exchange of laundering $6 billion
NEW YORK (Reuters) - U.S. prosecutors have indicted the operators of digital currency exchange Liberty Reserve, accusing the Costa Rica-based company of helping criminals around the world launder more than $6 billion in illicit funds linked to everything from child pornography to software for hacking into banks.
Exclusive: Apache explores Gulf of Mexico shelf stake sale - sources
NEW YORK (Reuters) - Apache Corp is exploring a sale of a stake in its shallow water Gulf of Mexico assets, attracting private equity interest as it looks to reach a $4 billion asset sale target, several people familiar with the matter said.
Wal-Mart pleads guilty in U.S. hazardous waste cases, to pay $82 million
(Reuters) - Wal-Mart Stores Inc on Tuesday said it would pay nearly $81.63 million to the federal government as it pleaded guilty to charges that it improperly discarded hazardous waste such as bleach and fertilizer years ago.
Ray Lane leaves Fisker board as bidders circle automaker
DETROIT (Reuters) - Venture capitalist Ray Lane resigned from "green" car startup Fisker Automotive's board of directors late last week, Kleiner Perkins Caufield & Byers confirmed on Tuesday.
ST-Ericsson sells GPS business to Intel
PARIS/SAN FRANCISCO (Reuters) - ST-Ericsson, a money-losing joint venture being wound down by owners STMicroelectronics and Ericsson, has sold its GPS mobile business to Intel.
Tiffany's high-end jewelry sells briskly; lower end lags
(Reuters) - Tiffany & Co's first-quarter sales topped expectations, boosted by improved demand for upscale jewelry especially in the United States and Japan.
Analysis: Brazil investments have a long, potholed road ahead
SAO PAULO (Reuters) - If you think you're seeing light at the end of the tunnel for Brazil's economy, look again: it's just brake lights from a growing line of 18-wheelers.
Teamsters union seeks to displace union at American Airlines
(Reuters) - The Teamsters union on Tuesday ramped up its effort to displace the unions representing ground workers at American Airlines and US Airways Group , which plan to merge this year and form the world's biggest airline.
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