Stocks extended their losses after the Commerce Department said businesses cut inventories at the wholesale level for a record 10th consecutive month in June. The drop has contributed to the recession.
In July, the strongest reported price gains for new homes was 6.4 percent over a year earlier in the eastern port city of Ningbo, south of Shanghai.
The fire broke out Friday at the home of Capt. Dean Nason, a 31-year veteran of the fire department. He wasn’t home at the time, but his mother-in-law and 2 of his three children were in the house.