Stocks start day high ... Google glasses ... CBS-TV Guide deal

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Associated Press

Posted on March 27, 2013 at 6:01 AM

NEW YORK (AP) — The Standard & Poor's 500 index starts the day within two points of its all-time high, set on Oct. 9, 2007. It rose 12 points yesterday, closing at 1,563.77. The Dow Jones industrial average had its biggest gain in three weeks, up 111 points to 14,559. The Nasdaq composite rose 17 points, to 3,252.

HONG KONG (AP) — Asian markets followed Wall Street higher on Wednesday after upbeat economic data from the world's largest economy. Reports overnight from the U.S. showed home prices rose in January at the fastest rate since the country's housing boom peaked in 2006 while February factory orders for long-lasting goods were at their highest in five months.

WASHINGTON (AP) — A day after a flurry of economic reports, things are quieter today. The National Association of Realtors releases its pending home sales index for February, 10 a.m. Eastern.

SAN FRANCISCO (AP) — Google is starting to notify 8,000 people who will be invited to buy a test version of the company's much-anticipated Internet-connected glasses for $1,500. The invitations are being sent to the winners of a contest conducted a month ago. Google asked U.S. residents to submit applications through Twitter or its Plus service to explain in 50 words or less how they would use a technology that is being hailed as the next breakthrough in mobile computing.

LOS ANGELES (AP) — A person familiar with CBS' deal for TV Guide says the broadcaster is buying a 50 percent stake in TV Guide's cable channel and website for nearly $100 million. The price is less than what JPMorgan Chase's One Equity Partners paid for a similar stake four years ago and brings CBS Corp. into an equal partnership with Lions Gate Entertainment Corp.

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