Business Highlights
26.04.11
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New-home sales rose in March after weak winter
WASHINGTON (AP) -- More people bought new homes in March, giving the battered industry a small lift after the worst winter for sales in almost a half-century.
New-home sales rose 11 percent last month from February to a seasonally adjusted rate of 300,000 homes, the Commerce Department said Monday. That follows three straight monthly declines. Still, the pace remains far below the 700,000 homes a year that economists view as healthy.
Sales of new homes fell last year for the fifth consecutive year and the market is showing no signs of rebounding. Economists say it could take years before sales return to a healthy pace.
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Netflix 1Q earnings soar on gain of 3.6M customers
SAN FRANCISCO (AP) -- Netflix Inc.'s attracted another 3.6 million customers to its video subscription service in the first quarter, the biggest growth spurt yet in a run that has established the company as a Hollywood power broker and Wall Street darling.
[ Via: BusinessWeek | Read more... ]