Japan’s Topix Falls on Paper Makers, Electronics Stocks

Most Japanese shares fell, with the Topix (TPX) index dropping for a second day, as paper and electronics makers led waste among a gauge’s 33 subsectors. Hokuetsu Kishu (3865) Paper Co. slid 2.3 percent as a sector posted a biggest decrease on a Topix. Chiyoda Co. (6366), which operates shoe stores, sank 8.4 percent after […]

Pending home sales in May strike six-year high

Developers have sealed squeeze contracts for 7 of a initial 11 new homes built or underneath construction on Brooks Court in a 19th Ward.(Photo: Jim Goodman staff photographer) WASHINGTON (AP) — The series of people who sealed contracts to buy U.S. homes jumped in May to a top turn in some-more than 6 years, suggesting […]

New home prices hold record high

Finishing touches are being put on new homes underneath construction final month in Carlsbad, Calif.(Photo: Lenny Ignelzi AP) Sales of new homes rose in Apr to a second top spin given a summer of 2008 while a median cost for a new home strike a record high, serve signs that housing is recovering. New-home sales […]