Bloomberg Purchases of previously owned U.S. homes rose more than projected in March, indicating resilience in demand heading into the spring selling season. Contract closings climbed 5.1 percent to a 5.33 million annualized rate from February’s 5.07 million, figures from the National Association of Realtors showed Wednesday in Washington. The median forecast of 75 economists in a Bloomberg survey ...

  Bloomberg A Chinese-led group agreed to buy Australia’s most iconic cattle company in a deal valued at more than A$370 million ($288 million) after partnering with local investors. The venture, headed by a company controlled by Shanghai Pengxin Group, will purchase 80 percent of S. Kidman & Co., according to a statement to the Shenzhen Stock Exchange. Australian Rural ...

  Bloomberg Blackstone Group LP, the world’s largest manager of alternative assets, said first-quarter profit fell 77 percent as rocky markets curbed asset sales and new buyouts. Its real estate operation struck two massive deals: a $6.5 billion sale of Strategic Hotels & Resorts Inc. to China’s Anbang Insurance Group Co., which is expected to close later this year, and ...