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WASHINGTON : New US home sales have tumbled 4.3 percent in July from June, according to the latest data, to cast a shadow over growth and consumer spending in the world`s largest economy.

WASHINGTON : The IMF has warned that China`s economy still faces a major risk of overheating despite the booming country`s second interest rate hike in less than four months.

MICHIGAN, United States : Industry buzz about the future of the troubled Ford Motor Co. has intensified with speculation that it could muscle into alliance talks with Renault-Nissan, or even go private.

SAPPORO, Japan : China, Australia, New Zealand and France were among teams advancing to the World Basketball Championship playoff rounds with triumphs while Puerto Rico and Brazil were ousted.

BEIJING : China`s military has conducted a first-ever war exercise involving joint forces at a northern training base to test its high-technology combat capabilities, state media said on Thursday.

HAARLEM, Netherlands : All 12 passengers held after displaying worrying behaviour on a Northwest Airlines flight were to be released on Thursday after being cleared of suspicion of terrorist intentions, public radio said.

SAN FRANCISCO : Apple Computer is voluntarily recalling more than one million laptop computer batteries due to the risk they could burst into flames, the US Consumer Product Safety Commission said on Thursday.

SUKHA BALKA, Ukraine : Relatives of the 170 people killed in a Russian plane crash began the grim process of identifying the victims` remains, after gathering to grieve at the plane`s charred wreckage in eastern Ukraine.

MONACO : Champions Barcelona and English league winners Chelsea will renew their stormy rivalry after they were drawn in the group stages of the Champions League.

BEIJING : China and Vietnam have agreed to step up efforts to settle border disputes and boost trade during a visit by Vietnamese communist party chief Nong Duc Manh, state media said on Thursday.

Observant Men’s Basketball fans will notice some aesthetic changes this season as the team will be sporting new Nike uniforms instead of the Adidas ones worn during past campaigns.

★ MARIA SHARAPOVA: We feel pretty — and powerful — watching the new Nike ad. Love!

Tiger Woods and LeBron James share more than a birthday, the keys to the Nike kingdom and the ability to make a million dollars over a weekend in Akron.