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U.S. markets news

US new home sales race to eight-year high, prices surge
WASHINGTON New U.S. single-family home sales surged to a more than eight-year high in April and prices hit a record high, offering further evidence of a pick-up in economic growth that could allow the Federal Reserve to raises interest rates soon.
New-home sales exploded in April: What it means for buyers, sellers  USA TODAY
A Rising Housing Market Lifts Builders, Home Goods Retailers  New York Times
CBS News  
Sumner Redstone appoints two new members to his trust
NEW YORK Sumner Redstone, chairman emeritus of Viacom Inc (VIAB.O) said on Tuesday he has appointed two new trustees to a trust that will determine the direction of the media conglomerate and CBS (CBS.
Sumner Redstone Confirms New Members for Family Trust  New York Times
Redstone Taps New Stewards For Media Empire -- Update  Nasdaq
The new normal in oil prices? Wild swings
That's the message from Citigroup, which on Tuesday became the latest oil bear to defect to the bullish camp. Edward Morse, Citi's commodities guru, believes oil prices could rise to $61 a barrel by next year because the epic supply glut may soon be over.
OPEC's Ability to Ease An Oil Supply Shock is Now Fading  Wall Street Journal
'New age' for oil prompts Citi to raise 2017 forecast to $65  MarketWatch
GoPro surges after Red Bull invests in it
Good news for all you Tony Hawk wannabees with a camera strapped to your head and an energy drink in one hand while you skateboard down the half pipe.
Red Bull and GoPro Team Up to Create More High-Flying Videos  Adweek
Why GoPro Just Signed A New Exclusive Content Partnership With Red Bull  Co.Create
French tax police raid Google's Paris office
French police have raided Google's Paris office as part of an investigation into the company's tax affairs. The raid began at 5 a.m.
French raid Google over "aggravated tax fraud" allegations  CBS News
French Tax Raid On Google Will Run Headlong Into EU Single Market Law  Forbes
NY sues Domino's Pizza for alleged wage theft
U.S. fast food giant Domino's Pizza (DPZ) and three of its franchises could be required to pay employees a lot of dough if a newly filed New York lawsuit succeeds.
Domino's sued by NY attorney general over alleged wage theft by franchisees  Reuters
Lawsuit accuses Domino's Pizza of 'rampant wage violations'  Chicago Sun-Times
Invenergy's Polsky Gives $35 Million to University of Chicago
Michael Polsky, founder of energy developer Invenergy LLC, is giving $35 million to the University of Chicago to expand the entrepreneurial education program at the business school.
U of Chicago to create $50 million entrepreneurship center  Champaign/Urbana News-Gazette
UChicago Gets $35M to Expand Polsky Center for Entrepreneurship  Chicago Inno
Monsanto Rejects Bayer Merger Offer, Says It's Open to Talks
Monsanto Co. MON 2.56 % rejected Bayer AG BAYRY 3.78 % 's $62 billion takeover offer, saying the biotech seed giant's business merited a higher price, though Monsanto said it remains open to further talks on a deal.
Monsanto to reject Bayer bid, seek higher price - sources
Why a Bayer-Monsanto merger would be bad news for anyone who farms — or eats  MarketWatch
VW invests $300M in Uber rival Gett in new ride-sharing partnership
The on-demand transportation service continues to heat up, and today the spotlight is shining on a New York startup whose business is based primarily in Europe.
Volkswagen Pours $300 Million Into European Uber Rival Gett  Fortune
Uber Rival Gett Receives $300M in Funding From Volkswagen  Bloomberg
Best Buy Offers Weak Profit View, Says CFO Stepping Down
NEW YORK - Best Buy Co. on Tuesday offered a disappointing profit outlook for the current quarter, weighed in part by a recent earthquake in Japan that hurt the availability of some highly profitable products.
Best Buy CFO Departure and Outlook Disappoint Analysts  Wall Street Journal (blog)
Best Buy's online sales grew 24 percent in Q1, shares take a hit on soft ...  ZDNet