Bloomberg Sales of previously owned US homes rebounded in February to fastest pace in almost a year, topping estimates and snapping a three-month streak of declines to offer a robust indication that the housing market is stabilising after last year’s slump. Contract closings increased 11.8 percent, the most since 2015, from January’s pace to a 5.51 million annual rate, the …

Bloomberg Ford Motor Co plans to spend about $900 million and hire about 900 workers to build electric and self-driving vehicles in Michigan, while moving production of a small commercial van to Mexico from Europe. The moves, announced the same day Donald Trump visits an Ohio tank plant, follow the president’s sharp criticism of General Motors Co for idling a …

Bloomberg Facebook Inc’s Oculus division unveiled a new version of the Rift virtual-reality headset, the Rift S, adding a higher-resolution display and a new design. The new model, which goes on sale for $399 sometime in the spring, plays the same games as the original Rift, but adds embedded sensors instead of external cameras for tracking. The previous model, which …