Business news for Mon, 31 Dec 2007 & with words million+mln. 4 news.

SAN FRANCISCO (MarketWatch) -- South Korea-based Jeju Air ordered five Next-Generation 737-800s for $370 million, Boeing Co. said Monday. The 737s will be the first Boeing airplanes to enter the Jeju Air fleet. Jeju Air provides domestic flights between the resort island of Jeju and Korea's mainland.

WASHINGTON (MarketWatch) - In a hint of stability, sales of existing homes rose 0.4% in November to a seasonally adjusted annualized rate of 5.00 million, the National Association of Realtors reported Monday. Sales of existing homes are down 20% in the past year and are down 31% from the peak of 7.21 million two years ago. Inventories of unsold homes on the market declined by 3.6%, representing a 10.3-month supply at the current sales pace. The median sales price fell 3.3% compared with a year ago to $210,200. November sales were in line with the 4.99 million annual pace expected by economists surveyed by MarketWatch.

TEL AVIV (MarketWatch) -- Magic Software Enterprises Ltd., the Or Yehuda, Israel, provider of business-integration and application-development technology, sold its Advanced Answers on Demand subsidiary to Fortissimo Capital for $17 million. Fortissimo is the Rosh ha'Ayin, Israel, investment firm. Magic expects to post a more than $9 million gain on the sale of AAOD, which develops software for application in long-term health care, including retirement facilities as well as home-health and rehabilitation agencies. As part of the deal, Magic has licensed to AAOD the right to continue to sell its product portfolio for three years.

LONDON (MarketWatch) -- Philips Electronics said it's completed the sale of 800 million Taiwan Semiconductor , part of a staged plan to reduce its stake in the chipmaker to zero before the end of 2010. After the sale, which will result in a 530 million euro gain in the fourth quarter, Philips will still hold 5% of Taiwan Semi's shares.