Reuters - Pending sales of existing U.S. homes dropped to a seven-year low in November, data showed on Tuesday, as rising job losses and a deepening economic recession kept potential house buyers on the sidelines.

Pending U.S. home sales fell to the lowest level on record in November, as the plummeting stock market and faltering economy caused buyers to delay their purchases, the National Association of Realtors said.

Reuters - Asian stocks edged up for a seventh day on Tuesday, boosted by hopes for a global economic recovery later in 2009, though the rising yen and falling high-yielding currencies suggested such optimism was limited.

Reuters - Shares of top phone companies AT&T Inc and Verizon Communications Inc fell on Monday after Bernstein Research downgraded their ratings and price targets.

The recession has reached the ritzy Rainbow Room, the special-occasion spot that overlooks midtown Manhattan from high above the tourist-attracting Rockefeller Center skating rink.

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AFP - Argentine forward Lionel Messi scored three times to give Barcelona a 3-1 away win over Atletico Madrid in the Spanish Cup's last 16 first leg on Tuesday.

AFP - England international striker Jermain Defoe is set to leave Portsmouth and rejoin Harry Redknapp at Tottenham, the London club said on Tuesday.

AP - Denver Nuggets All-Star Carmelo Anthony will miss at least three weeks with a broken bone in his shooting hand, but he won't need surgery.