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Reuters - Sales of previously owned U.S. homes took a record plunge in July to their slowest pace in 15 years, underlining the housing market’s struggle to find its footing without government aid.
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Reuters - Stocks fell to their lowest level in seven weeks on Tuesday as an unexpectedly large drop in home sales ratcheted up concerns that the economic recovery is even weaker than had been feared.
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Reuters - 3PAR Inc said on Tuesday it will start merger talks with Hewlett-Packard Co after HP’s $1.6 billion offer for the data storage company trumped a bid by its smaller rival Dell Inc.
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Reuters - Japan’s finance minister further sharpened his rhetoric on the yen’s steep gains after the Nikkei newspaper reported Japan may consider selling the yen in unilateral intervention if speculators drive up the currency.
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Reuters - BHP Billiton plans to step up pressure on takeover target Potash Corp with a request to remove a poison pill, sources said, as the world’s biggest miner gets set to report massive profits on Wednesday.
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