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During the first quarter of 2008, the median US home price of $196,300 was down 7.7 percent from the same period a year ago, the National Association of Realtors reported Tuesday. Prices for existing single-family homes dropped in 100 of 149 metropolitan areas.

Hewlett-Packard Co., the world's largest maker of personal computers, reached an agreement Tuesday to buy Electronic Data Systems Corp. for about $12.6 billion in cash. EDS provides technology services to governments and companies.

In the largest such raid in Iowa history, federal agents arrested more than 300 people Monday at the Agriprocessors Inc. kosher meatpacking plant in Postville, The raid was aimed at seeking evidence of identity theft and illegal immigration.

Exxon Mobil Corp. asked for $800 million from Alaska Monday for what the company claims was a breached deal to lease North Slope gas and oil fields.

The number of disabled veterans has jumped by 25 percent since 2001, to 2.9 million, the Associated Press reports. Through Veterans Affairs Department documents, the AP has learned that annual compensation to war-injured soldiers will be $59 billion 25 years from now, compared with $29 billion today.

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