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By Malathi Nayak NEW YORK (Reuters) - Sumner Redstone, chairman emeritus of Viacom Inc said on Tuesday he has appointed two new trustees to a trust that will determine the direction of the media conglomerate and CBS in the event of his incapacitation or death. The two trustees are executive vice president and general counsel of National Amusements Inc, Redstone's privately held movie theater chain, Tad Jankowski and former media executive and media analyst Jill Krutick, Redstone said in a statement.
New U.S. single-family home sales surged to a more than eight-year high in April and prices hit a record high, offering further evidence of a pick-up in economic growth that could allow the Federal Reserve to raises interest rates soon. The Commerce Department said on Tuesday new home sales jumped 16.6 percent to a seasonally adjusted annual rate of619,000 units, the highest level since January 2008. March's sales pace was revised up to 531,000 units from the previously reported 511,000 units.