LOS ANGELES — A measure of U.S. home prices rose in 2012 by the most in six years, buoyed by stronger demand, a lower inventory of unsold homes and fewer sales of bank-owned properties.
Real estate data provider CoreLogic says its home price index climbed 7.5 percent last year, the biggest annual increase since 2006. CoreLogic forecasts that home prices will rise 6 percent nationally this year.
Coca-Cola unveils ad on combatting obesity
NEW YORK — Coca-Cola on Monday will begin airing a two-minute ad on the connection between sugary drinks and obesity during the highest-rated shows on CNN, Fox News and MSNBC in hopes of flexing its marketing muscle in the debate over sodas and their impact on public health.
The ad lays out the Coca-Cola Co.’s record of providing drinks with fewer calories over the years and notes that weight gain is the result of consuming too many calories of any kind — not just soda.
Industrial output down for third month in eurozone
LONDON — Industrial output across the 17 European Union countries that use the euro fell in November for the third straight month, official figures showed Monday, raising fears that the recession in the region continued into the last three months of 2012.
2 big oil companies on trial in New Hampshire
CONCORD, N.H. — The state of New Hampshire has launched its case against two major oil companies in what is expected to be the longest and most complex trial in state history.
The state’s lawyers say ExxonMobil Corp. and Citgo Petroleum Corp. should pay $700 million in damages to monitor and clean up groundwater contamination caused by the gas additive MTBE — now banned in New Hampshire.