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• Indexes slump as July home sales hit 15-year low (Reuters)
• Existing home sales dive to 15-year low (Reuters)
• Fed's Evans says double-dip risk has risen (Reuters)
• Dell ready to up bid for 3PAR: report (Reuters)
• Yen rises broadly on global risk aversion (Reuters)
• How the major stock indexes fared Monday (AP)
• Recovery from floods to take Pakistan years: Zardari (Reuters)
• Medtronic cuts 2011 guidance on weaker demand (AP)
• EU clears MetLife takeover of AIG unit (AFP)
• Yen hits 15-year dollar high (AFP)
• On the Call: Barnes & Noble Retail CEO Klipper (AP)
• Mass. home sales plummet for first time in a year (AP)
• Greenland gas find fuels environmental worries (AP)
• Tax Reform: These Small Steps Could Help Deficit, Economy (BusinessWeek)
• Prius gets sound option to protect pedestrians (AP)
• B-School, Day One: A Primer (BusinessWeek)

Indexes slump as July home sales hit 15-year low (Reuters) Posted: 24 Aug 2010 07:49 AM PDT Reuters - Stocks fell more than 1 percent on Tuesday as sales of existing homes in the United States last month fell to a 15-year low, underlining growing concerns about the pace of economic recovery.

Existing home sales dive to 15-year low (Reuters) Posted: 24 Aug 2010 07:48 AM PDT Reuters - Sales of previously owned U.S. homes took a record drop in July to their lowest pace in 15 years, suggesting further loss of momentum in the economic recovery.

Fed's Evans says double-dip risk has risen (Reuters) Posted: 24 Aug 2010 07:18 AM PDT Reuters - The risks of a double-dip U.S. recession have risen in the last six months, Chicago Federal Reserve Bank President Charles Evans said on Tuesday.

Dell ready to up bid for 3PAR: report (Reuters) Posted: 24 Aug 2010 05:56 AM PDT Reuters - Dell Inc is preparing to sweeten its bid for 3PAR Inc after its earlier bid was topped by rival Hewlett-Packard Co's $1.6 billion offer for the data storage company, according to a report on Bloomberg's website.

Yen rises broadly on global risk aversion (Reuters) Posted: 24 Aug 2010 08:11 AM PDT Reuters - The yen rose to a 15-year high against the dollar and a nine-year peak versus the euro on Tuesday amid fears the global economy is slowing, testing Japanese authorities' resolve to stem the currency's climb.

How the major stock indexes fared Monday (AP) Posted: 23 Aug 2010 01:44 PM PDT AP - Stocks slumped to a weak finish Monday as lingering worries about the economy overcame optimism from a fresh round of corporate dealmaking. Stocks had an early lift after Hewlett-Packard outbid Dell for a data storage provider, but the gains faded quickly.

Recovery from floods to take Pakistan years: Zardari (Reuters) Posted: 24 Aug 2010 03:02 AM PDT Reuters - Pakistan could take years to recover from the floods disaster, its president said, as crisis talks began with the IMF which predicted the catastrophe would have a "major and lasting" economic impact.

Medtronic cuts 2011 guidance on weaker demand (AP) Posted: 24 Aug 2010 08:49 AM PDT AP - Medtronic Inc., the world's largest medical device maker, reported fiscal first-quarter earnings Tuesday in line with Wall Street expectations, but weaker global demand for medical implants forced the company to slash 2011 earnings expectations.

EU clears MetLife takeover of AIG unit (AFP) Posted: 24 Aug 2010 07:27 AM PDT AFP - US life insurance giant MetLife won clearance from European Union regulators on Tuesday to acquire a unit of American International Group for 15.5 billion dollars (12.3 billion euros).

Yen hits 15-year dollar high (AFP) Posted: 24 Aug 2010 05:41 AM PDT AFP - The yen struck a 15-year high against the dollar and a near nine-year peak versus the euro Tuesday as investors rushed to the safe-haven Japanese currency amid fears about a struggling global economy.

On the Call: Barnes & Noble Retail CEO Klipper (AP) Posted: 24 Aug 2010 07:40 AM PDT AP - Barnes & Noble Inc.'s revenue in the first quarter rose 21 percent, much of it on success with its e-reader Nook and online book sales. The company's largest segment, retail, was still hurting and sales there fell 2.5 percent to $1 billion.

Mass. home sales plummet for first time in a year (AP) Posted: 24 Aug 2010 08:02 AM PDT AP - Sales of single-family homes in Massachusetts plummeted by more than 25 percent in July when compared to the same month last year, reversing a trend of 12 consecutive months of increases.

Greenland gas find fuels environmental worries (AP) Posted: 24 Aug 2010 08:41 AM PDT AP - Scotland's Cairn Energy PLC said Tuesday it found gas off the west coast of Greenland, a discovery that environmental group Greenpeace warned could lead to a damaging rush for hydrocarbons in "vulnerable" Arctic waters.

Tax Reform: These Small Steps Could Help Deficit, Economy (BusinessWeek) Posted: 24 Aug 2010 05:08 AM PDT BusinessWeek - Is the American system of taxation nearing a watershed moment? It doesn't seem like it, considering the political brawl in Washington over the soon-to-be-expired 2001 and 2003 tax cuts passed during the Bush era. Lawmakers have known for the past several years that, if they did nothing, the tax breaks would automatically end on Dec. 31, 2010. Now, Washington is scrambling as the deadline looms and the economy sputters.

Prius gets sound option to protect pedestrians (AP) Posted: 24 Aug 2010 12:38 AM PDT AP - Toyota's Prius hybrid is becoming a little less quiet with a new electronic humming device that is the automaker's answer to complaints that pedestrians can't hear the top-selling car approaching.

B-School, Day One: A Primer (BusinessWeek) Posted: 24 Aug 2010 05:08 AM PDT BusinessWeek - Nearly three years out of school and Brock Rasmussen forgot what it was like to be a student: homework every night, running on four hours of sleep, and prepping for the first major exam only two weeks after starting classes. During his first days as an MBA student at Duke's Fuqua School of Business (Fuqua Full-Time MBA Profile) he was overwhelmed.

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