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Home sales at 2-1/2 year high

1 hour, 47 minutes ago

WASHINGTON (Reuters) - Sales of previously owned U.S. homes jumped last month to their highest level in more than 2-1/2 years, but a fall in an economic activity gauge was a reminder recovery from recession would be patchy.

  • Captured Israeli soldier Gilad Shalit is seen in a video grab released on October 2, 2009 by Israeli television. REUTERS/Handout
    Israel-Hamas prisoner swap deal near 2 hours, 44 minutes ago

    CAIRO (Reuters) - Israel has softened its terms for a prisoner swap with Hamas and the two are nearing a deal to exchange hundreds of jailed Palestinians for an Israeli soldier held in the Gaza Strip, officials said on Monday.

  • U.S. to bring emissions cut target to Copenhagen talks 39 minutes ago

    WASHINGTON (Reuters) - The United States will propose an emissions reduction target at U.N. climate change talks in Copenhagen in December with an eye toward winning support from U.S. lawmakers who must agree to put it into law.

  • Rescuers prepare to enter the Xinxing coal mine to search for survivors following a gas explosion at the mine in Hegang, Heilongjiang Province November 22, 2009. REUTERS/Aly Song
    China families protest mine disaster, toll hits 104 Sun Nov 22, 9:57 PM ET

    HEGANG, China (Reuters) - Relatives of victims of a gas blast at a mine in northeastern China scuffled with police and demanded answers from the owners on Monday as state media put the toll from the country's latest mine disaster at 104.

  • Gunmen kill 21 in Philippine political war Mon Nov 23, 8:39 AM ET

    MANILA (Reuters) - Gunmen abducted and killed at least 21 people in the southern Philippines Monday, apparently to prevent a woman filing her husband's nomination to run for provincial governor in elections next year, the military said.

  • Men, fleeing a military offensive in South Waziristan, line up in a queue while waiting for their turn to collect handouts at a distribution point for internally displaced people (IDPs) in Dera Ismail Khan, located in Pakistan's restive North West Frontier Province, November 22, 2009. REUTERS/Mustansar Baloch
    Pakistani forces attack Taliban, kill 22 Mon Nov 23, 9:00 AM ET

    HANGU, Pakistan (Reuters) - Pakistani security forces, backed by tanks and artillery, attacked Taliban positions in the northwest of the country, killing 22 militants, a senior police official on Monday.

  • A view of the Three Mile Island nuclear power plant from Goldsboro, Pennsylvania, March 22, 1999. REUTERS/STR New
    Radiation leak investigated at Three Mile Island Mon Nov 23, 8:09 AM ET

    WASHINGTON (Reuters) - Federal officials are investigating a radiation leak at Three Mile Island, scene of the worst U.S. nuclear power accident, but said on Sunday there was no threat to public health or safety.

  • Abbas al-Bayati (C), a Turkmen member of the Iraqi parliament, speaks to the media after voting on an election law at the Iraqi parliament in Baghdad, November 8, 2009. REUTERS/Mohammed Ameen
    Iraq parliament passes new vote law 2 hours, 54 minutes ago

    BAGHDAD (Reuters) - Iraq's parliament on Monday approved an amended law needed to hold an election next year, but the new text risks being vetoed a second time -- which could delay both the vote and next year's partial U.S. troop withdrawal.

  • Dimon seen as successor to Geithner: report Mon Nov 23, 4:52 AM ET

    (Reuters) - Several U.S. policy makers consider JPMorgan Chase & Co Chief Executive Jamie Dimon as a potential successor to U.S. Treasury Secretary Timothy Geithner, the New York Post said, citing sources.

  • China attacks "biased" U.S. cyber-spying report 33 minutes ago

    BEIJING (Reuters) - China on Monday accused a U.S. congressional advisory panel of bias for a report in which it said the Chinese government appeared increasingly to be piercing U.S. computer networks to gather useful data for its military.

  • Graphic shows U.S. death toll in Afghanistan
    Obama to meet advisers on Afghanistan Mon Nov 23, 12:47 PM ET

    WASHINGTON (Reuters) - President Barack Obama on Monday added to his schedule an evening session with top advisers on Afghanistan as he closes in on a decision on whether to send thousands more U.S. troops.

  • Jermaine Jackson accepts award for favorite soul/R&B male performing, for his brother Michael Jackson, with Michael Jackson's son Jaafar Jackson (R) at the 2009 American Music Awards in Los Angeles, California November 22, 2009. REUTERS/Mario Anzuoni
    Taylor Swift wins five American Music Awards Mon Nov 23, 8:10 AM ET

    LOS ANGELES (Reuters) - Country crossover star Taylor Swift overshadowed the late Michael Jackson at the American Music Awards on Sunday, winning five prizes including artist of the year.

  • NATO Secretary General Anders Fogh Rasmussen, left, looks at Polish Prime Minister Donald Tusk prior to talks in Warsaw, Poland, Monday, Nov. 23, 2009. Rasmussen came to Poland to discuss NATO issues including the current situation in Afghanistan. (AP Photo/Alik Keplicz)
    Two Afghan ministers suspected of embezzlement Mon Nov 23, 9:26 AM ET

    KABUL (Reuters) - Two Afghan cabinet ministers are being investigated under suspicion of embezzlement, a deputy attorney general said on Monday, at a time when President Hamid Karzai faces tough Western pressure to clean up his government.

  • A home is seen for sale in the Washington suburb of Takoma Park, Maryland, October 27, 2009. REUTERS/Jim Bourg
    U.S. existing home sales pace highest in 2-1/2 yrs Mon Nov 23, 11:51 AM ET

    WASHINGTON (Reuters) - Sales of previously owned U.S. homes rose in October at a faster-than-expected pace to the highest in more than 2-1/2 years as buyers rushed to take advantage of a popular tax credit, a survey showed on Monday.

  • A "for sale" sign sits outside a house in Miami Beach October 22, 2009. REUTERS/Carlos Barria
    U.S. existing home sales seen at highest since July 2007 Mon Nov 23, 10:39 AM ET

    New York (Reuters) - Sales of existing U.S. homes likely rose for a second consecutive month in October, reaching their highest since July 2007, according to a Reuters poll, as buyers scrambled to take advantage of greater affordability and a first-time home buyer tax credit.

  • Iran gained $5 billion on shift from U.S. dollar: state TV Mon Nov 23, 10:42 AM ET

    TEHRAN (Reuters) - Iran has gained $5 billion through its policy of shifting away from the U.S. currency in favors of the euro, state television reported on Monday, citing Central Bank Governor Mahmoud Bahmani.

  • Rescuers check recovered bodies of victims of a sunken ferry, on a ship at port in Karimun island, Riau province November 22, 2009. REUTERS/Stringer
    Indonesian ferry sinks; 29 dead, most survive Mon Nov 23, 2:02 AM ET

    JAKARTA (Reuters) - An overloaded ferry sank in bad weather off Indonesia's Riau islands on Sunday, killing 29 people, while 245 passengers survived the accident, officials said.

  • Afghanistan's President Hamid Karzai arrives at Ataturk International airport for the 25th Meeting of the Standing Committee for Economic and Commercial Cooperation (COMCEC) of the Organization of the Islamic Conference in Istanbul November 8, 2009. REUTERS/Osman Orsal
    Militants could be invited to Afghan "Jirga" Sun Nov 22, 7:52 AM ET

    KABUL (Reuters) - Afghan President Hamid Karzai could invite militants to attend a "Loya Jirga," or grand council meeting, aiming to seek peace and reconciliation with the Taliban, a spokesman said on Sunday.

  • Senate Majority Leader Harry Reid (D-NV) walks to a lectern to speak to the media after the Senate voted to begin debate on legislation for a broad healthcare overhaul on Capitol Hill in Washington November 21, 2009. REUTERS/Joshua Roberts
    Healthcare reform faces challenges in Senate Sun Nov 22, 2:36 PM ET

    WASHINGTON (Reuters) - President Barack Obama's U.S. healthcare overhaul plan has cleared an important Senate hurdle but lawmakers warned on Sunday of challenges ahead in winning support for passage, even among Obama's own Democrats.