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Newspaper
Aiken Standard
Location
Aiken, South Carolina, United States of America
Date
Aug 22, 2013
Page
9
U S home sales climbed 6.5 percent in July to a seasonally adjusted annual rate of 5.4 million, the National Association of Realtors said, marking the strongest pace since 2009. Over 12 months sales rose 17.2 percent as buyers ignored higher mortgage rates.
Minutes from the July 30 31 Fed meeting show a split among policymakers on timing. Some want more data before reducing the 85 billion dollar monthly pace, while others say it might soon be time to slow purchases, potentially after the September or December meetings when updates on employment and growth are released.
Facebook Inc unveils a partnership with Samsung Nokia and Qualcomm to connect the two thirds of the world not yet online. The effort aims to develop cheaper smartphones and data efficient apps to expand Internet access for over five billion people. Mark Zuckerberg notes the goal to reach the next five billion users.
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