Business news for Mon, 31 Dec 2007 & with words record+sales. 5 news.

Reuters - The pace of existing U.S. home sales edged up in November from a record low, according to a report on Monday that offered some tentative signs of stabilization in the still-ailing housing market.

WASHINGTON (Reuters) - The pace of existing U.S. home sales edged up in November from a record low, according to a report on Monday that offered some tentative signs of stabilization in the still-ailing housing market.

LONDON (MarketWatch) -- The U.S. dollar fell Monday against the Japanese yen and the British pound before the highlight of what's expected to be a low-volume day, the release of existing-home sales figures for November. The British pound was back over $2, up to $2.0058 from $1.9963, and the dollar slipped 0.3% to 111.95 yen. The euro edged lower to $1.4715 and fell from record levels against sterling.

A record R19.24bn of residential property has been sold by Western Cape agents in the first 11 months of this year, reports show.

Internet sales by U.S. retailers rose at the slowest pace on record as $3-a-gallon gasoline and rising mortgage defaults weighed on holiday...