New York OKs $15 minimum wage for fast-food workers

New York state will gradually raise the minimum wage for fast-food workers to $15 an hour — the first time any state has set the minimum that high. Gov. Andrew

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New-home sales come back, jump 5.4% in July

Americans stepped up their purchases of new homes in July, with sales surging in the Northeast. The Commerce Department says new-home sales rose 5.4% last month to a seasonally adjusted

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Housing data, inflation and the Fed

Incoming fresh data this week on consumer inflation and housing will collide with the release of minutes of last month’s Federal Reserve meeting and perhaps offer clues as to whether

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Critics pummel N.Y. economic development program

The criticism grew quickly as figures were released: The Start-Up NY program cost taxpayers $53 million in ads, and the program created 76 jobs. The initiative, heavily promoted in TV

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Existing home sales surge, prices hit record

Existing homes were sold at the fastest pace in eight years last month and the median sales price reached an all-time record high, the National Association of Realtors said Wednesday.

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Mortgage rates fall amid global uncertainty

Mortgage rates took a step back from year-high levels this week as uncertainty in world financial markets continues to rankle investors. According to mortgage giant Freddie Mac, the rate on

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Existing home sales jump 5.1% in May

Existing home sales bounced up at the highest pace in nearly six years in May, resuming improvement in the housing market after an unexpected decline in April. Sales rose 5.1%

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Standard Pacific, Ryland Group to merge in $5.2B deal

Two major homebuilders, Standard Pacific and The Ryland Group, announced a merger agreement Sunday in a deal that would form a single company with what they say would be an

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Homebuilders’ confidence in sales prospects ebbs

U.S. homebuilders are feeling slightly less confident about their sales prospects, a reflection of the sluggish start to this spring’s home-selling season. Even so, builders’ overall sales outlook remains favorable.

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Home price gains heated up in February

Americans watched the value of their homes rise faster in February, an influential report on the housing market showed Tuesday. Home prices rose 5% year-over year compared with 4.5% in

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Existing home sales surge to fastest pace in 18 months

Existing home sales in March leaped to their fastest pace in 18 months, making a well-timed upturn at the start of the peak spring buying season. Sales rose 6.1% —

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Emerging housing markets keep pace in 2015

Industry experts say emerging housing markets are positioned to compete with major markets such as New York, Boston and Washington in 2015. With lower costs of living and better-than-average employment

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