Home resales fall 2% to 4.93 million in March

Date: Tue, 22 Apr 2008 16:01:04 (GMT)
Home resales fall 2% to 4.93 million in March

The U.S. housing market weakened slightly in March, as resales of U.S.
homes fell, inventories climbed, and prices continued to decline, the
National Association of Realtors reports.

Futures Movers: Crude hits new intraday high of $118.47 a barrel

Crude-oil futures rise Tuesday to a new high of $118.47 a barrel as
lingering worries over oil-supply disruptions provided support for
prices.

McDonald's profit rises 24% on strong international sales

McDonald's posts a higher first-quarter profit as the fast-food giant
shows the benefits of strong international sales and a weaker dollar.

DuPont shares in retreat on lackluster U.S. forecast for 2008

E.I. du Pont de Nemours & Co. reports stronger-than-expected profit
growth of 26% for the first quarter, as management affirms its earnings
estimate for the year, but it's blue-chip shares weaken on a company
forecast calling for lackluster U.S. business conditions to continue
through 2008.

Bank of Canada cuts interest rates in face of slowing U.S. growth

The Bank of Canada cuts its benchmark interest rate by half a percentage
point as expected and also revises its growth estimate downward in line
with slowing U.S. growth.