Business briefs: Home prices drop

U.S. home prices fell for a fifth consecutive month in May, a housing index released Tuesday by Standard & Poor’s said. It was the index’s steepest drop in about 16 years. The results stack up as more evidence that the housing market is not recovering, at least for now. The five months of falling prices in the S&P index follow 13 months of slowing price growth.

RUPERT MURDOCH

The media mogul’s News Corp. (NWS) agreed Tuesday to buy Dow Jones & Co. (DJ) for $60 a share, gaining control of the Wall Street Journal and ending the Bancroft family’s 105 years of stewardship, according to The Wall Street Journal. The offer is 65 percent higher than Dow Jones’s stock price on April 30, the day before Murdoch’s proposal was announced.

businessBusiness & Real Estate

If you find our journalism valuable and relevant, please consider joining our Examiner membership program.
Find out more at www.sfexaminer.com/join/

Just Posted

FBI arrests alleged gang member in killing of Mission teen

Both suspect and victim had worked on anti-gun violence campaigns

Tenderloin residents rally to demand return of 27-Bryant and 31-Balboa buses

Transit-dependent riders in the neighborhood say they’re cut off from essential services

Sergeant cleared in shooting of man on meth ‘rampage’

A San Francisco police sergeant has been cleared of criminal wrongdoing for… Continue reading

Protected bike lane, safety measures proposed for dangerous stretch of Folsom Street

Folsom Street between Second and Fifth streets has been the site of… Continue reading

Giants to host first leg of Bay Bridge Series

Among the changes made to the Major League Baseball schedule this year… Continue reading

Most Read