Irvine News
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CoreLogic Inc. said it acquired the Case-Shiller home-price indexes for $6 million, adding a widely used measure of U.S. property values to its real estate data.
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Gina Deluca says she was shocked when she moved to New Mexico from California and discovered that her hourly wage as a waitress fell to a federal minimum of $2.13. Her old state required at least $6.75 for all workers at the time.
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Edwards Lifesciences Corp., the biggest-maker of aortic heart valves implanted with a catheter, plunged the most in a dozen years after the company cut its 2013 forecast on slower-than-anticipated sales.
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Even as U.S. housing rebounds from its worst downturn since the 1930s, production bottlenecks are pushing up building-materials costs, land prices are rising and skilled labor ready to begin work is hard to find.
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Opko Health Inc. agreed to buy Israeli drugmaker Prolor Biotech Inc. for about $480 million to combine two companies that count U.S. pharmaceutical billionaire Phillip Frost as their largest shareholder.
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Broadcom Corp., a maker of chips that help mobile devices connect to the Internet, rose the most since July after reporting first-quarter sales and profit that beat estimates as orders for tablet and handset parts increased.
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Pacific Alternative Asset Management Co., an $8.6 billion U.S. fund-of-hedge-funds, is seeking to raise money from pensions and sovereign wealth funds in Asia to diversify its investor base.
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Tesoro Corp. plans to build a complex in Washington that would unload crude from trains and put it on vessels, the latest move to get oil from the central U.S. to refining centers on the West Coast.
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Previously owned U.S. home sales unexpectedly dropped in March as a lean supply of properties kept the industry from generating a stronger recovery.
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Sales of previously owned U.S. homes probably rose in March for a third month to reach the highest level since late 2009, further evidence of an improving real-estate market, economists said before a report today.
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