Pending home sales in February dip but stay near three year high
The National Association of Realtors reports a 104.8 reading for pending home sales in February, down from January but near a three year high. Signed contracts are 8.4 percent higher than a year ago, while completed sales rose to 4.98 million. Inventory remains tight though rising, aiding price gains across 20 cities per the Case Shiller index.
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WalMart faces possible losses from bribery probes
Wal Mart Stores Inc warned in an SEC filing it is too early to estimate damages from ongoing bribery investigations by the company and U S authorities. The retailer noted the loss would not be material if incurred amid Mexico related payments scrutiny.
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Brown promotes safety act during Elyria Bendix visit
U.S. Sen. Sherrod Brown toured Bendix Commercial Vehicle Systems in Elyria to push the Motorcoach Enhanced Safety Act requiring seatbelts for all seats crash resistant roofs and rollover prevention tech. He urged a national network for manufacturing innovation and highlighted Ohio’s techbelt as a model. Bendix aims to grow high tech manufacturing jobs locally.
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Women Business Owners Network Meets in Avon
The Women Business Owners Network gathers at 6 p.m. on April 4 at Wood & Wine Avon to hear Terilynn Klement of America’s Home Town Realty discuss Living a Balanced Life. Julie DiFilippo of Lessons with Julie is highlighted in the business spotlight.
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