Business News

Home prices in largest 20 US cities appreciated at a faster pace in December, a sign that a limited supply is forcing up property values. Prices rose at a 4.3% annual rate in 2014. (Bloomberg)


China's manufacturing sector expanded for the first time in four months in February-surprising investors who were expecting a third period of contraction after stalling in November. (Associated Press)


Lowe's, the No. 2 U.S. home improvement chain, saw same-store sales rise 7.4% last quarter as lower gas prices and an improving job market encouraged Americans to spend more on home renovations. Profits climbed 47% from a year earlier.  Lowes stock is up 58% from a year ago. (Reuters)


Hewlett Packard delivered quarterly profits 2% higher than last year, but sales came in down 5%. The computing giant forecast weak second-quarter results, citing currency headwinds. HP posted a surprise beat on PC revenue last quarter as notebook sales rose 8%. (CNBC)


More than 16,900 federal employees took home in excess of $200,000 in base salary in 2014, according to a federal salary database. The number of workers earning more than $200,000 represented about 1.6% of employees on the list. Most of the high earners worked as medical officers at the Veterans Affairs Department. (National Journal)

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