AFP
U.S. National - AFP

A sold sign is posted in front of a home for sale in August 2009 in San Francisco, California. A rush to cash in on tax incentives helped to push up sales of existing US homes by 10.1 percent in October giving momentum to the ailing sector, industry data showed Monday.(AFP/Getty Images/File/Justin Sullivan)

Tax credits fuel 10 percent surge in US home sales

Mon Nov 23, 3:37 PM ET

WASHINGTON (AFP) - A rush to cash in tax incentives helped boost sales of existing US homes 10.1 percent in October, according to data Monday showing fresh momentum for the sector at the heart of the economic crisis.

  • US astronauts Robert Satcher installs the high pressure gas tank as astronauts from the US space shuttle Atlantis begin the third and final spacewalk of their mission aimed at building the International Space Station.(AFP/HO)
    Atlantis astronauts end final mission spacewalk Mon Nov 23, 4:19 PM ET

    WASHINGTON (AFP) - Astronauts from the US shuttle Atlantis Monday concluded the third and final spacewalk of their mission to maintain and install more high-tech equipment on the International Space Station.

  • Somali boys chant as they watch hard-line Islamist fighters from Al-Shabab parade during a rally in the streets of Mogadishu in October 2009. Eight people face terrorism charges in the case of 20 young men missing from Minnesota after allegedly being recruited to fight for an Islamist militia in Somalia, officials said Monday.(AFP/File/Abdurashid Abikar)
    Eight charged in US-Somali youth terror network 1 hour, 1 minute ago

    CHICAGO (AFP) - Eight people face terrorism charges in the case of 20 young men missing from Minnesota after allegedly being recruited to fight for an Islamist militia in Somalia, officials said Monday.

  • The uneasy relationship between the Kennedy family and the Catholic Church turned to open warfare Monday after a bishop said he was refusing Communion to Patrick Kennedy, seen here in August 2009, because of his pro-abortion stand.(AFP/POOL/File/Brian Snyder)
    Kennedy, Catholic bishop war over abortion Mon Nov 23, 1:28 PM ET

    NEW YORK (AFP) - The uneasy relationship between the Kennedy clan and the Catholic Church turned into open warfare Monday after a bishop said he was refusing communion to Patrick Kennedy due to his pro-abortion stand.

  • A survey published Monday of information technology managers at over 500 US-based companies has found that only about one in four has enabled more than half their workforce to work remotely.(AFP/File/Thomas Coex)
    Few US firms ready for workforce disruption: survey Mon Nov 23, 1:13 PM ET

    WASHINGTON (AFP) - A survey published Monday of information technology managers at over 500 US-based companies has found that only about one in four has enabled more than half their workforce to work remotely.

  • US computer giant Hewlett-Packard posted a 14 percent rise in quarterly net profit Monday as slumping personal computer sales were offset by a solid performance in its services division.(AFP/BELGA/File)
    HP quarterly net profit up 14 percent 1 hour, 27 minutes ago

    NEW YORK (AFP) - US computer giant Hewlett-Packard posted a 14 percent rise in quarterly net profit Monday as slumping personal computer sales were offset by a solid performance in its services division.

  • Google is acquiring Web display advertising startup Teracent, the Internet giant announced on Monday.(AFP/Getty Images/File/Stephen Brashear)
    Google buying display ad startup Teracent Mon Nov 23, 1:47 PM ET

    WASHINGTON (AFP) - Google is acquiring Web display advertising startup Teracent, the Internet giant announced on Monday.

  • Minnesota's Joe Mauer, seen here in October 2009, was named baseball's American League Most Valuable Player on Monday, becoming just the second catcher in 33 years to win the AL award.(AFP/Getty Images/File/Jim Mcisaac)
    Mauer named American League MVP Mon Nov 23, 2:36 PM ET

    NEW YORK (AFP) - Minnesota's Joe Mauer was named baseball's American League Most Valuable Player on Monday, becoming just the second catcher in 33 years to win the AL award.

  • Omar Vizquel, seen here in September 2009, agreed on Monday to a 1,375,000-dollar one-year contract with baseball's Chicago White Sox, where he'll play for fellow Venezuelan Ozzie Guillen.(AFP/Getty Images/File/Jeff Gross)
    Vizquel agrees to million-plus deal with White Sox Mon Nov 23, 3:29 PM ET

    CHICAGO (AFP) - Omar Vizquel agreed on Monday to a 1,375,000-dollar one-year contract with baseball's Chicago White Sox, where he'll play for fellow Venezuelan Ozzie Guillen.

  • Alexandra Kerry seen here in May 2009 and who is the daughter of former presidential candidate John Kerry, will not be charged after being arrested on suspicion of driving under the influence, Los Angeles prosecutors said Monday.(AFP/Getty Images/File/Michael Loccisano)
    No drunk-driving charge for John Kerry's daughter Mon Nov 23, 4:14 PM ET

    LOS ANGELES (AFP) - The daughter of former US presidential candidate John Kerry will not be charged after being arrested on suspicion of driving under the influence, Los Angeles prosecutors said Monday.

  • The Senate's health care reform bill sits on the podium following a news conference by Republican Senators on Capitol Hill on November 21, in Washington, DC. President Barack Obama's top domestic priority, remaking US health care, cleared a major Senate hurdle but strong opposition Sunday to key parts of the proposals augured a tough battle ahead.(AFP/Getty Images/File/Brendan Hoffman)
    Key senators seek changes on US health care bill Sun Nov 22, 5:30 PM ET

    WASHINGTON (AFP) - Key Democratic allies in the US health care battle warned Sunday that a Senate bill required major changes if it was to earn their support and give President Barack Obama a crucial victory on his top domestic priority.

  • Three Mile Island Nuclear Generating Station site in Middletown, Pennsylvania, pictured in 2001. A radiation leak at Three Mile Island, the site of the worst nuclear accident in US history, has sent home about 150 workers, the Nuclear Regulatory Commission reported Sunday.(AFP/File/Tom Mihalek)
    Radiation leak at Three Mile Island nuclear plant: NRC Sun Nov 22, 6:50 PM ET

    WASHINGTON (AFP) - A radiation leak at Three Mile Island, the site of the worst nuclear accident in US history, has sent home about 150 workers, the Nuclear Regulatory Commission reported Sunday.

  • Renelly Morel (R), digital marketing manager for Ubisoft, works out with Your Shape on November 6, in San Francisco. French videogame powerhouse Ubisoft will have a virtual fitness coach whipping Wii users into shape. "Your Shape" ramp-up the healthy videogame genre by using a camera to put people on-screen and under the scrutiny of an animated coach devoted to making workouts go strong.(AFP/File/Glenn Chapman)
    Ubisoft steps up videogame fitness with virtual coach Sun Nov 22, 6:46 PM ET

    SAN FRANCISCO (AFP) - French videogame powerhouse Ubisoft will have a virtual fitness coach whipping Wii users into shape starting Tuesday.

  • Actor Robert Pattinson arrives at the afterparty for the premiere of Summit Entertainment's "The Twilight Saga: New Moon" at the Hammer Museum on November 16, in Los Angeles, California. The "Twilight" vampire romance sequel "New Moon" took a record-breaking bite out of the North American box office this weekend, final figures showed Monday.(AFP/Getty Images/File/Kevin Winter)
    Vampire sequel 'New Moon' feasts on box office 52 minutes ago

    LOS ANGELES (AFP) - The "Twilight" vampire romance sequel "New Moon" took a record-breaking bite out of the North American box office this weekend, final figures showed Monday.

  • Patrick Kennedy, pictured in May 2009,a US lawmaker and the nephew of ex-president John F. Kennedy, has been barred from receiving communion at his Catholic church due to his support for abortion rights, a newspaper reported Sunday.(AFP/Getty Images/File/Brendan Hoffman)
    JFK's nephew barred from communion: report Sun Nov 22, 6:59 PM ET

    WASHINGTON (AFP) - The nephew of ex-president John F. Kennedy, a US lawmaker, has been barred from receiving communion at his Catholic church due to his support for abortion rights, a newspaper reported Sunday.

  • A father and child stop to look at the Christmas display at Macy's department store in New York. US retailers are taking desperate measures to spark holiday sales in the face of what promises to be another troubled year-end shopping season.(AFP/Getty Images/Mario Tama)
    Desperate retailers seek holiday season rescue Sat Nov 21, 11:32 PM ET

    WASHINGTON (AFP) - US retailers are taking desperate measures to spark holiday sales in the face of what promises to be another troubled year-end shopping season.

  • A billboard featuring a 100 US dollar bill saying "I'll be back", is seen over Times Squares' New Year ball in New York. The 20-year record high bankruptcy rate for US banks and businesses is giving regional banks on sound footing the opportunity to expand swiftly and on the cheap(AFP/File/Emmanuel Dunand)
    US regional banks grow on the cheap amid crisis Sat Nov 21, 10:17 PM ET

    NEW YORK (AFP) - The 20-year record high bankruptcy rate for US banks and businesses is giving regional banks on sound footing the opportunity to expand swiftly and on the cheap.

  • With its deal to buy Revolution Money, American Express is taking aim at the growing market for online and alternative payments, in a challenge to recognized leader PayPal, analysts say(AFP/Getty Images/File/Justin Sullivan)
    American Express takes aim at PayPal with Revolution Sat Nov 21, 11:37 PM ET

    WASHINGTON (AFP) - With its deal to buy Revolution Money, American Express is taking aim at the growing market for online and alternative payments, in a challenge to recognized leader PayPal, analysts say.

  • Running back Pierre Thomas of the New Orleans Saints runs the ball against the Tampa Bay Buccaneers during the game at Raymond James Stadium in Tampa, Florida.(AFP/Getty Images/J. Meric)
    Colts win a close one, Saints roll to stay unbeaten Sun Nov 22, 6:39 PM ET

    BALTIMORE, Maryland (AFP) - Indianapolis eked out yet another narrow win on Sunday while New Orleans rolled past Tampa Bay as the Colts and Saints remained unbeaten in the National Football League.

  • US Sanya Richards (R), 400m race and women's 4x400m relay champion, and Jamaican Usain Bolt, world and Olympic sprint champion, pose with their trophies after being awarded female and male athletes of the year 2009, in Monaco, during a press conference prior to the International Association of Athletics Federations (IAAF) gala.(AFP/Stephane Danna)
    Bolt and Richards named athletes of the year Sun Nov 22, 3:42 PM ET

    MONTE CARLO (AFP) - Jamaican superstar Usain Bolt and Jamaican-born United States 400 metres runner Sanya Richards were named athletes of the year here on Sunday.

  • A sign on display at the Nations Gunshow in Chantilly, Virginia. Recession-stoked fears of rising crime and tougher gun laws under a Democratic government are sending US gun sales sky high, and big crowds at the Chantilly Gun Show this weekend proved it once again.(AFP/Karen Bleier)
    Pistols, Tasers, assault rifles sell fast at US show Sun Nov 22, 3:23 AM ET

    CHANTILLY, Virginia (AFP) - Recession-stoked fears of rising crime and tougher gun laws under a Democratic government are sending US gun sales sky high, and big crowds at the Chantilly Gun Show this weekend proved it once again.

  • US Senate Majority Leader Harry Reid of Nevada speaks to senators who will appear on the Sunday morning talk shows in his Senate office in Washington, DC. President Barack Obama's signature drive to remake US health care was on track to clear a key Senate hurdle Saturday, as the last wavering Democrats agreed to vote to formally open debate on the bill.(AFP/Nicholas Kamm)
    Obama health drive set to clear first test Sat Nov 21, 5:40 PM ET

    WASHINGTON (AFP) - President Barack Obama's signature drive to remake US health care was on track to clear a key Senate hurdle Saturday, as the last wavering Democrats agreed to vote to formally open debate on the bill.

  • This NASA TV image shows Atlantis astronaut Bobby Satcher during a planned spacewalk on November 19. Shuttle Atlantis astronauts on Saturday completed the second of their mission's three spacewalks to maintain and install more high-tech gadgets on the International Space Station.(AFP/NASA TV/File)
    Atlantis astronauts install gadgets on second spacewalk Sat Nov 21, 6:52 PM ET

    WASHINGTON (AFP) - Shuttle Atlantis astronauts on Saturday completed the second of their mission's three spacewalks to maintain and install more high-tech gadgets on the International Space Station.

  • Mourners attend the funeral of one of the Fort Hood shooting victims. US Army Major Nidal Hasan, who is accused of killing 13 people earlier this month at Fort Hood, Texas, intensified his communications with a radical Yemeni American cleric just months before the shootings and began discussing with him surreptitious financial transfers, The Washington Post reported Saturday(AFP/Getty Images/File/David Banks)
    Fort Hood shooter talked with radical cleric: report Sat Nov 21, 12:20 AM ET

    WASHINGTON (AFP) - US Army Major Nidal Hasan, accused of killing 13 people at Fort Hood, Texas, intensified contacts with a radical Yemeni American cleric just months before the shootings and began discussing surreptitious financial transfers, The Washington Post reported Saturday.

  • Assistant US Attorney Gordon Michael Harvey (centre) argues against the release ofWalter Kendall Myers, 72, and his wife Gwendolyn Steingraber Myers, 71 at a detention hearing. An elderly US couple charged with spying for Cuba for almost 30 years has pleaded guilty in the conspiracy, with the husband agreeing to serve a life sentence(AFP/HO/File/Art Lien)
    Elderly US couple pleads guilty in Cuba spy case Sat Nov 21, 9:45 AM ET

    WASHINGTON (AFP) - An elderly US couple charged with spying for Cuba for almost 30 years has pleaded guilty in the conspiracy, with the husband agreeing to serve a life sentence, the US Justice Department said.

  • Actors Kristen Stewart (L) and Robert Pattinson arrive at the afterparty for the premiere of Summit Entertainment's "The Twilight Saga: New Moon" at the Hammer Museum on November 16 in Los Angeles, California. All the hype surrounding the "Twilight" sequel is scoring big at the box office, with industry reports estimating Saturday it took in the largest opening-day receipts on record.(AFP/Getty Images/File/Kevin Winter)
    'Twilight' sequel breaks opening day record: report Sat Nov 21, 1:30 PM ET

    LOS ANGELES (AFP) - All the hype surrounding the "Twilight" vampire romance sequel is scoring big at the box office, with industry reports estimating Saturday it took in the largest opening-day receipts on record.

  • US President Barack Obama, seen here on November 19, back from a tour of Asia, called for the United States to produce more goods to sell across the Pacific, touting trade as a way to revive the troubled US economy.(AFP/File/Mandel Ngan)
    Obama touts Asia trade to create jobs Sat Nov 21, 12:05 PM ET

    WASHINGTON (AFP) - Back from an Asia tour, President Barack Obama called Saturday for the United States to produce more goods to sell across the Pacific, touting trade as a way to revive the troubled US economy.

  • A trader works on the floor of the New York Stock Exchange moments before the closing bell on November 5 in New York City. Key housing sector data may provide direction for Wall Street in the coming week as the market looks for confirmation of economic recovery and girds for the year-end holiday period.(AFP/Getty Images/File/Spencer Platt)
    Housing data in focus as Wall Street rally pauses Sat Nov 21, 12:47 PM ET

    NEW YORK (AFP) - Key housing sector data may provide direction for Wall Street in the coming week as the market looks for confirmation of economic recovery and girds for the year-end holiday period.

  • Brook Lopez of the New Jersey Nets (R) blocks a shot by Dahntay Jones of The Indiana Pacers during their game at The Izod Center in East Rutherford, New Jersey. The New Jersey Nets continued to slide toward the NBA record of 17 straight defeats to start a season on Saturday, dropping their 13th straight to the New York Knicks.(AFP/Getty Images/Al Bello)
    NBA Knicks hand Nets 13th straight defeat Sat Nov 21, 5:21 PM ET

    EAST RUTHERFORD, New Jersey (AFP) - The New Jersey Nets continued to slide toward the NBA record of 17 straight defeats to start a season on Saturday, dropping their 13th straight to the New York Knicks.