Pending Home Sales Climbed to Highest Level in 10 Years

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The number of homes that went under contract in April to be sold climbed to the highest level in over 10 years, a sign the housing market is gaining traction and supported by steady job creation and historically low interest rates.

Gawker Looking at Potential Sale

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Gawker Media has hired an investment banker to explore strategic options including a potential sale, as the company fights a costly legal battle with professional wrestler Hulk Hogan.

BHP Billiton Digs In at Vast Australia Copper Mine

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BHP Billiton executives aim to devise a way over the next year to boost copper output from Australia’s biggest underground mine by up to 40%, even before a proposed and long-awaited mega-expansion of its operations here.

Insurers Seek Big Premium Boosts

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Big health plans stung by losses in the first few years of the U.S. health law’s implementation are seeking hefty premium increases for individual plans sold through insurance exchanges in more than a dozen states.

G-7 Leaders Differ on Risks to Global Growth

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Leaders of the Group of Seven leading industrialized nations talked Thursday about ways to stoke the global economy, but appeared to disagree on the risks to growth and exactly how to respond.

Iran's Oil Deals Hit Banking Snag

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Even after the lifting of international sanctions against Iran, long-standing U.S. banking limitations are impeding the country’s oil resurgence by forcing energy companies to use small lenders or barter to get their deals done.

Lenovo's Profit Rises 80% but Revenue Falls as PC Demand Slows

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The world’s largest PC maker by shipments said that although cost cuts helped it raise its net profit by 80% in the first quarter, revenue continued to fall due to slowing PC demand and currency fluctuations.

Sears Eyes Outside Deals for Key Brands as Revenue Falls

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Sears Holdings Corp. reported narrow improvement in its bottom line in the first quarter as the retailer trimmed expenses, though revenue continued to slide and margins contracted.

Telstra's Autohome Revolt Could Delay Goodies for Shareholders

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Telstra’s plans to boost shareholder returns have been complicated by a lawsuit to stymie its stake sale in Autohome, a Chinese car-buying website.

Alibaba Discloses SEC Probe of Its Accounting Practices

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China’s biggest e-commerce company said it is cooperating with the SEC and that the commission told it a request for information shouldn’t be taken as an indication of any violation of securities law.

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