Business Today: U.S. existing home sales fall, price appreciation slows

	Click to View in Browser 10/21/2013 U.S. existing home sales fall, price appreciation slows WASHINGTON (Reuters) - U.S. home resales fell in September and prices cooled as higher mortgage rates took the edge off the housing market recovery. Wall Street flat with earnings in focus NEW YORK (Reuters) - Wall Street closed flat on Monday as lackluster earnings reports from McDonald's and others fed concerns equities were overpriced and kept the S&P 500 from building significantly on last week's record high. Business jet sales to top $18 billion as buyers seek bigger planes NEW YORK (Reuters) - Sales of business jets are expected reach $18.4 billion this year, up about 8 percent from last year, a sign of further economic strengthening despite some pockets of weakness notably in Asia, according to a forecast by Honeywell Aerospace . Goldman Vice Chairman Evans to retire at year-end NEW YORK (Reuters) - Goldman Sachs Group Inc Vice Chairman J. Michael Evans will retire from his position at year-end, the bank said on Monday, eliminating a top rival of Chief Operating Officer Gary Cohn in the race to become the next head of Wall Street's biggest investment bank. Penney shares plunge after analyst sets $1 price target (Reuters) - J.C. Penney Co Inc shares sank to a more than 30-year low on Monday after an analyst slashed her price target on its shares to $1 from $5, citing increasing concerns that the retailer "may engage in a financial restructuring in 2014." Madoff employees lived high on corporate money, prosecutors say NEW YORK (Reuters) - Members of Bernard Madoff's inner circle indulged in expensive wine, cruises and jaunts to Las Vegas, all paid for by his investment firm, prosecutors said on Monday in a trial of five former long-time Madoff associates. U.S. high court declines to hear privacy lawsuit against Thomson Reuters WASHINGTON (Reuters) - The U.S. Supreme Court on Monday declined to consider whether a unit of Thomson Reuters Corp can obtain and sell information on drivers provided by state agencies without violating a federal privacy law. Harvard taps investment arm veteran to oversee private equity BOSTON (Reuters) - Harvard Management Company, which manages the Ivy League school's $32.7 billion endowment, said on Monday it promoted Lane MacDonald to oversee its private equity investments. Penney no longer on Martha Stewart board in revised deal (Reuters) - Martha Stewart Living Omnimedia Inc and J.C. Penney Co Inc said on Monday that Penney will no longer be represented on Martha Stewart's board under a revised commercial agreement covering their licensing and design partnership. Italian unions to strike over government budget ROME (Reuters) - Italy's three main trade union confederations will hold rolling strikes and protests against the government's 2014 budget plan, they said on Monday, piling more pressure on Enrico Letta's fragile coalition. Related Video What $13 billion means to JPMorgan Sao Paulo choking on its own smog: study Economic News Tough to make taper call at December Fed meeting: Evans U.S. to release Q3 GDP report on November 7 A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today   The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today   » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook Forward to a friend