January U.S. home prices up
U.S. home prices jumped in January, a sign the housing market is gaining momentum as it nears the spring selling season.
Home prices rose 9.7 percent in January from a year ago, according to data released Tuesday by CoreLogic. That’s up from an 8.3 percent increase in December and the biggest annual gain since April 2006.
Prices rose in all states except Delaware and Illinois. And prices increased in 92 of the 100 largest metro areas, up from 87 in December.
Home prices also rose 0.7 percent in January from December. That’s a solid increase given that sales usually slow over the winter months.
Stewart denies wrongdoing
Home diva Martha Stewart testified in court on Tuesday that she did nothing wrong when she signed an agreement to open up shops within most of J.C. Penney’s stores across the country.
Stewart testified in New York State Supreme Court as part of a legal battle over whether the company that she founded breached its contract to sell cookware, bedding and other items exclusively at Macy’s when she inked the deal with Penney in 2011.
Stewart, who founded Martha Stewart Living Omnimedia Inc., during three hours of testimony, denied Macy’s allegations that she did anything unethical in brokering the deal with Penney. She said that she was only looking to expand and offer new opportunities for shoppers.
The trial, which began Feb. 20, focuses on whether Macy’s has the exclusive right to sell some Martha Stewart branded products such as cookware, bedding and bath items.
Music dies at Harley factory
A leaked corporate memo has workers buzzing. No, not the Yahoo order for telecommuters to move into the office. It’s a new edict at Harley-Davidson:
No more music on the factory floors.
Like many manufacturers around the country, the motorcycle maker has decided that headphones, boom boxes and piped-in music get in the way of plant safety and productivity.
Harley-Davidson officers said music had proved to be a distraction from the work at hand and a potential hazard.
Irv Robinson, owner of Robbie Fantastic Flexibles, a plant in Lenexa, Kan., that makes printed plastic packaging, is in full accord with the new Harley rule.