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May 25, 2016

WASHINGTON — Americans ramped up their purchases of new homes in April to the highest level since January 2008, evidence of a strong start to the spring buying season.

The Commerce Department said Tuesday that new home sales jumped 16.6 percent last month to a seasonally adjusted...


Bayer makes $62 billion offer for Monsanto

May 24, 2016

BERLIN — German drug and chemicals company Bayer AG announced Monday that it has made a $62 billion offer to buy U.S.-based crops and seeds specialist Monsanto.

The proposed combination would create a giant seed and farm chemical company with a strong presence in the U.S., Europe...


Overtime rules force small firms to make choices

May 23, 2016

NEW YORK — The government's new rules requiring overtime pay for millions of workers have small business owners facing some hard choices.

The regulations issued Wednesday by the U.S. Labor Department would slightly more than double — from $455 to $913 per...


Rise in home sales driven by Midwestern buyers

May 21, 2016

WASHINGTON (AP) — Midwestern homebuyers helped spark a national increase in real estate sales during April, a sign that demand for housing remains steady despite rising prices and tight inventories.

Sales of existing homes rose 1.7 percent last month to a seasonally adjusted annual...