http://blog.gestbiz.com/business by Gestbiz Wed, 25 Aug 2010 04:00:05 +0000 http://backend.userland.com/rss092 en 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.Share This http://blog.gestbiz.com/business/?p=735 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.Share This http://blog.gestbiz.com/business/?p=734 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.Share This http://blog.gestbiz.com/business/?p=733 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.Share This http://blog.gestbiz.com/business/?p=732 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.Share This http://blog.gestbiz.com/business/?p=731 Reuters - South Korea's state-run National Pension Service is seeking to acquire a 23 percent stake in U.S. pipeline operator Colonial Pipeline from Chevron Corp, the world's No.5 pension fund said on Monday.Share This http://blog.gestbiz.com/business/?p=730 Reuters - U.S. private equity firm Blackstone Group has agreed to a deal with Great Eagle to build high-end apartments in China, where the housing market is booming, the Financial Times said.Share This http://blog.gestbiz.com/business/?p=729 Reuters - American International Group's aircraft leasing unit ILFC repaid nearly $4 billion of U.S. loans after raising new debt from investors, a source familiar with the matter said on Sunday.Share This http://blog.gestbiz.com/business/?p=728 Reuters - Korea National Oil Corp is awaiting shareholder responses to its hostile $2.6 billion bid for the UK's Dana Petroleum and has no comment on whether it would consider a higher offer in return for Dana's board approval, a source said on Monday.Share This http://blog.gestbiz.com/business/?p=727 Reuters - With Wall Street limping along through the summer doldrums, investors say they will remain on guard for more deterioration in what's expected to be a light-volume week.Share This http://blog.gestbiz.com/business/?p=726