Focus Stories
1. Sales of U.S. previously owned homes probably plunged in July to the lowest level since March 2009. Purchases dropped 13.4 percent from June to a 4.65 million annual rate, according to the median of 73 forecasts in a Bloomberg News survey.
2.CRH.ID(-15%) the worlds second largest maker of building materials forecast lower earnings citing concerns about U.S. outlook.
3.DELL is readying a sweetened offer for data-storage provider 3Par Inc. according to Bloomberg.
4.Brian Moynihan, the CEO of Bank of America (BAC), has purchased 30,000 shares of company stock at around $13.03 each, Dow Jones reports.
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