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Home sales at 2-1/2 year high

Mon Nov 23, 5:02 PM ET

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 gauge was a reminder that 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 Mon Nov 23, 1:36 PM ET

    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.

  • South Carolina governor faces ethics allegations Mon Nov 23, 4:53 PM ET

    MIAMI (Reuters) - Republican South Carolina Governor Mark Sanford, a conservative seen as a presidential contender before a sex scandal wrecked his reputation, faces 37 possible ethics violations, the state ethics commission said on Monday.

  • US President Barack Obama, seen here on November 14, will decide "in the coming days" whether to attend a United Nations climate change summit in Copenhagen in December, a senior administration official said Monday.(AFP/File/Kazuhiro Nogi)
    U.S. to bring emissions cut target to Copenhagen talks Mon Nov 23, 3:42 PM ET

    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.

  • Eight charged in U.S. for Somali war recruiting 2 hours, 38 minutes ago

    MINNEAPOLIS (Reuters) - Authorities unsealed terrorism-related charges Monday against eight defendants they said recruited young Somali-American men to return to their homeland to fight for an Islamist militant group.

  • U.S. Secretary of Defense Robert Gates (2nd L) another other cabinet members look on as President Barack Obama speaks at the end of a meeting with members of his administration in the Cabinet Room of the White House in Washington, November 23, 2009. REUTERS/Jason Reed
    Obama says boosting jobs is a top priority 2 hours, 7 minutes ago

    WASHINGTON (Reuters) - President Barack Obama assured Americans on Monday that boosting jobs was a top priority, but gave no specifics about how to meet this goal that some economists say warrants more government spending.

  • 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.

  • 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 Mon Nov 23, 1:27 PM ET

    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.

  • China attacks "biased" U.S. cyber-spying report Mon Nov 23, 3:48 PM ET

    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.

  • 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.

  • 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.

  • U.S. Army Stf. Sgt. Leslie Harbin from East Over, S.C., left,  and Stf. Sgt. Joseph Timms from Williamston, S.C. foreground, belonging to the South Carolina National Guard patrol near the town of Baraki Barak, Logar province, Afghanistan Monday Nov. 23, 2009. (AP Photo/Dario Lopez-Mills)
    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.

  • Graphic shows U.S. death toll in Afghanistan
    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.