Sagging economy takes center stage

March 26, 2008

New home sales fell in February, but the drop was not as big as feared, lending some hope a bottom in the housing market is forming.Oil prices surge after weekly supply data.Clear Channel Communications' private equity buyout is on shaky ground, according to a source familiar with the matter.Motorola plans to spin-off troubled mobile handset division.Conway Gittens reports from New York.Conway Gittens reports from New York.