HONG KONG, April 18- China's average new home prices continued to fall in March, but on a narrowing trend that is expected to continue as the government's stimulus policies bolster sales volumes. Average new home prices in China's 70 major cities dropped 6.1 percent last month from a year ago, the seventh consecutive month fall, following February's 5.7 percent...» Read More
MAYFIELD VILLAGE, OHIO-- Progressive Corp. on Friday declared a special dividend of $1 per share. The special dividend will return about $600 million to shareholders, President and CEO Glenn Renwick said in a statement. The Mayfield Village, Ohio, company also named Jeffrey D. Kelly to fill a vacant seat on its board.
WASHINGTON-- Anyone who paid attention to a hearing in Congress this week knew that the administration had been implored to beef up security at the U.S. Consulate in Libya before the deadly terrorist attack there. But in the vice presidential debate Thursday night, Joe Biden seemed unaware.
CHICAGO-- Just three weeks after the resolution of Chicago's first teachers' strike in a quarter-century, Mayor Rahm Emanuel's efforts to improve schools face more upheaval with the resignation of the public school system's CEO.
NEW YORK-- Fried chicken, that mainstay of comfort food, is getting the star treatment. Whoopi Goldberg was one of the event's co-hosts. He told The Associated Press on Thursday that he was planning to open a restaurant that would be serving fried chicken and other comfort food in New York City at the end of January 2013.
OKLAHOMA CITY-- Oklahoma-based Devon Energy Corp. says it will close its office in Houston and transfer operations to Oklahoma City. The oil and gas company has about 500 employees in its Houston office, which now serves as the operations center for Devon's oil and natural gas fields in south and east Texas and Louisiana.
LOS ANGELES-- AEG, the sports and entertainment giant that is up for sale, is making it easier to book concert and sports tickets for friends without having to pay for them all at once. The owner of Staples Center and the National Hockey League's Los Angeles Kings is rolling out the feature, called AXS Invite, at some of its owned and operated venues starting this month.
MINNEAPOLIS-- A Minnesota woman who may have received tainted steroid injections blamed for the nationwide outbreak of fungal meningitis sued the drug seller on Thursday, though she hasn't been diagnosed with the rare illness.
NEW YORK-- It's comeuppance time for Anthony Bourdain. And by his tally, he deserves his lickings. "I figured I would actually have the easiest time of anyone," said Food Network star _ and longtime victim of Bourdain's verbal lashings _ Rachael Ray. "
BRUSSELS-- Here's how the European Union, which was given the Nobel Peace Prize on Friday, and the United States compare:. EU: 4.3 million sq. kilometers. U.S.: 9.8 million sq. kilometers.
RADNOR, Pa.-- Oil and gas company Penn Virginia Corp. expects about $38 million in net proceeds from a public offering of $40 million of its common stock. Penn Virginia said that it also expects to net approximately $96 million from its preferred equity offering, after removing underwriting commissions and expenses.
LOS ANGELES-- AEG, the sports and entertainment giant that is up for sale, is making it easier to book concert and sports tickets for friends without having to pay for them all at once.
Investigators will determine if the problem is bad enough for Honda to recall the SUVs. The brakes can come on without drivers stepping on the pedal, the National Highway Traffic Safety Administration says in documents posted on its website Friday. Honda says it's cooperating with the investigation and starting its own probe.
ATHENS, Greece-- Greece is inching towards an agreement with its international debt inspectors as they struggle to hammer out the details of 13.5 billion in austerity measures for the next two years, a package essential for Greece to receive the next installment of its vital bailout funds.
Futures appear to be suggesting a weekly decline, however, as economic headwinds in both Europe and Asia weigh on U.S. indexes. The nation's largest bank, JPMorgan Chase, posted record quarterly profit Friday and blew away Wall Street expectations. This week saw mixed results from U.S. corporations like Alcoa, Safeway and Yum Brands.
HOUSTON-- KMG Chemicals' fiscal fourth-quarter net income more than tripled, as it lowered expenses and saw sales strengthen in its electronic chemical division. The Houston company earned $3.9 million, or 33 cents per share, for the three months ended in July 31. That's up sharply from $1.2 million, or 10 cents per share, in the year-earlier period.
SAO PAULO-- Construction of the Olympic golf course in Rio de Janeiro has yet to start as planned, and a ruling by a local court could lengthen the delay even further. Brazil's Higher Court of Justice ruled last week that a Rio tribunal was wrong in denying an appeal by the company, Elmway Participacoes, meaning the case will likely drag on for several more months.
BOSTON-- Three companies seeking to develop a resort casino in Springfield submitted applications Thursday to the western Massachusetts city, and a fourth that had previously expressed interest declined to enter the competition.
OSLO, Norway-- For fostering peace on a continent ravaged by war, the European Union won the Nobel Peace Prize on Friday.
WASHINGTON-- A second month of sharp gains in gasoline costs drove wholesale prices higher in September. Wholesale prices rose 1.1 percent in September following a 1.7 percent gain in August which had been the largest one-month increase in more than three years, the Labor Department said Friday.
KENNEBUNK, Maine-- Townspeople were waiting with curiosity for the names of people who have been issued summons for allegedly giving business to a local fitness instructor charged with running a prostitution operation out of her Zumba fitness studio and a small office in this southern Maine town.