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Wednesday, March 29, 2017, 2:26 p.m.

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Tight supply sends home prices up

posted: 03/29/2017 2:09 a.m. Discuss

U.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.

Uber restarts program after pause

posted: 03/29/2017 2:08 a.m. Discuss

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.

Senator to probe opioid makers

posted: 03/29/2017 2:08 a.m. Discuss

A 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.

Tax cut boosts Saudi IPO, experts say

posted: 03/29/2017 2:06 a.m. Discuss

Saudi Aramco could have a market value of more than $1 trillion in an initial public offering after the government lowered the oil producer's tax burden to attract investors, analysts at Sanford C. Bernstein & Co. and Rystad Energy AS said.

GM nixes proposal of 2 stock classes

posted: 03/29/2017 2:06 a.m. Discuss

General Motors has rejected a proposal from investor David Einhorn to split its stock into two classes.

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

posted: 03/29/2017 2:05 a.m. Discuss

Federal 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.

Chinese firm's 5% buy-in bolsters Tesla

posted: 03/29/2017 2:04 a.m. Discuss

Tesla 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.

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

posted: 03/29/2017 2:03 a.m. Discuss

Frontier 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.

Internet providers OK $1.5B merger

posted: 03/29/2017 2:02 a.m. Discuss

Shareholders of telecommunications companies Consolidated Communications and FairPoint Communications voted Tuesday to approve a proposed merger.

U.S. gives Wells Fargo failing grade

posted: 03/29/2017 2:02 a.m. Discuss

In 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.

Market report: Stocks rise, end Dow's 8-day skid

posted: 03/29/2017 2:01 a.m. Discuss

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

Business news in brief

updated: 03/29/2017 2:01 a.m. Discuss

Amazon employees test grocery pickup

News in brief

updated: 03/29/2017 2 a.m. Discuss

Survey foresees rise in Easter spending

U.S. home prices rose in January by most in 2½ years

posted: 03/28/2017 11:17 a.m. Discuss

WASHINGTON — U.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.

Home BancShares to buy Florida bank

posted: 03/28/2017 4:30 a.m. Discuss

Home BancShares, owner of Centennial Bank branches in four states, announced plans Monday to purchase Stonegate Bank of Pompano Beach, Fla.

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