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Latest Business News: San Francisco Leads the Home Price Boom

Wochit 0:50 mins

According to S&P/Case-Shiller data, home prices shot up in April, but there were wide differences among cities. San Francisco saw the largest year-over-year growth at 23.9%, while New York saw the lowest at 3.2%. Barnes & Noble will stop manufacturing its own Nook tablets, marking the end of its expensive attempt to compete alone with deep-pocketed rivals, Apple and Google in the tablet wars. Shareholders of Sprint Nextel voted to approve the sale of a majority stake to SoftBank of Japan for $21.6 billion, ending months of tension about the fate of the company.

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