Home sales

Sales of new US homes rose in June more than forecast as purchases increased 24 percent from May to an annual pace of 330,000.

FedEx raise

FedEx raised its earn ings per share forecast to a range of $1.05 to $1.25, up from a prior view of 85 cents to $1.05. The company will reinstate its 401(k) match effective Jan. 1.

Citi denied

Citigroup lost its bid to toss a lawsuit accus ing it of tricking Terra Firma Capital Partners into buying EMI Group after US District Judge Jed Rakoff rejected the bank’s argument that the dispute belongs in a UK court

Marts up

The Dow Jones indus trial average broke into positive territory for the year, rising 100.81 points to close at 10,525.43. The S&P 500 jumped 12.35 to close at 1,115.01 and the Nasdaq rose 26.96 to finish at 2,296.43.

Suit settled

Rambus, a seller of technology used in computer memory, won its patent-infringe ment fight against Nvi dia over imports of computer-graphics chips.