U.S. home prices turn higher as markets broaden gains
U.S. home prices rose in June for the first year over year increase since 2010 with all 20 major metro areas posting monthly gains. Phoenix led increases near 14 percent year over year while Miami rose 4.4 percent, signaling a nascent housing recovery amid low mortgage rates and fewer foreclosures.
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Washington
U.S
Standard & Poor
S&p
David Blitzer
S&P’s Index Committee
Phoenix
Miami
National Association of Realtors
The
Hous
New York Probes Energy Drink Industry Subpoenas Issued
New York Attorney General Eric Schneiderman issued subpoenas to makers of energy drinks like 5-Hour Energy and Monster, signaling a state inquiry into health claims. Monster Beverage Corp disclosed receipt of a subpoena in a SEC filing, with the state unnamed in its disclosure.
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Albany
N.Y
Monster
New York
New York State
Eric Schneiderman
Associated Press
Monster Beverage Corp
Securities and Exchange Commission
Corona
FTC Sues over Your Baby Can Read Ads Deceit
The FTC charges Robert Titzer with false advertising for promoting Your Baby Can Read to infants as young as nine months. The program, marketed via TV video, YouTube, Facebook and Twitter, cost about 200 dollars. Ford plans to sell Lincoln in China starting 2014 with seven new models over three years. Lincoln aims to leverage heritage and appeal in Beijing at a temple event led by Alan Mulally and Ford executives.
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Federal Trade Commission
Robert Titzer
FTC
YouTube
Facebook
Twitter
Beijing
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China
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Ford
Jim Farley
North America
Consignment shop opens in Amherst offering wares and services
Kathy and Dave Jones launch Daves Discount in Amherst Ohio selling new and used work clothes tools purses and sports memorabilia The store adds 20 percent consignment and offers computer repair at 20 dollars per hour plus parts Planning for a September grand opening they balance work other jobs and family life while aiming to grow the business Contact Rob Swindell at 329 7155 or ctnews chroniclet com
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Kathy
Dave Jones
Daves Discount
Amherst
Rob Swindell
Chroniclet
New Lorain County business feature request
Readers may submit notice of a new Lorain County business including business name location opening date purpose and a contact person for inquiries. Submissions may include a photo.
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Lorain County
cthews@chroniclet.com
White House sets twin fuel efficiency rules for 2025
The Obama administration finalizes new fuel economy standards aimed at raising the average mpg to 54.5 by 2025 from 28.6 mpg. The phased rules require automakers to meet tougher targets or face fines as they gradually improve emissions and fuel use across U.S. showroom vehicles.
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Washington
Obama
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