Comment
0
Tweet
0
Print
RSS Feeds

Stocks flat...Survey finds jump in home prices...Fewer jobs posted in March

Tuesday - 5/7/2013, 11:49am  ET

NEW YORK (AP) -- Stocks are little changed in early trading on Wall Street, with the Dow Jones industrial average and the Standard and Poor's 500 index hovering near record levels. Markets have been rallying recently on optimism that the U.S. economy is continuing to recover. The Dow is up more than 14 percent since the start of the year and the S&P 500 is up more than 13 percent.

WASHINGTON (AP) -- A survey shows U.S. home prices rose 10.5 percent in March compared with a year ago, the biggest gain since March 2006. Real estate date provider Core Logic says annual home prices have now increased for 13 straight months. Prices increased in 46 states over the past year, with 11 of them posting double-digit gains. And when excluding distressed sales, prices rose in every state.

WASHINGTON (AP) -- The Labor Department says U.S. employers posted fewer job openings in March compared with February and slowed overall hiring. Job openings fell 1.4 percent to a seasonally adjusted 3.8 million jobs. Total hiring declined 4.3 percent to 4.3 million.

PARK RIDGE, N.J. (AP) -- Hertz is moving its headquarters from New Jersey to Florida, shifting up to 700 jobs to the Sunshine State over a two-year period. The move puts the rental car company in the middle of a key travel market and will help it trim corporate expenses after its $2.3 billion buyout of one-time rival, Dollar Thrifty. More than 2,000 Hertz and Dollar Thrifty workers will stay in New Jersey.

DETROIT (AP) -- U.S. auto safety regulators are monitoring about 100,000 Ford and Mercury minivans that were not covered by a recall issued earlier this year for rust problems. Ford recalled about 230,000 Ford Freestar and Mercury Monterey minivans in March to fix rust in the wheel wells that can cause the third-row seats to come loose. The vans from the 2004 through 2007 model years were sold or registered in 20 cold-weather states and Canada where salt is used on roads in the winter.


Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.