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Existing home sales fell 1.2% in May to the lowest level since January, the National Association of Realtors said Tuesday.

Truck components maker ArvinMeritor Inc. said it has ratified a contract with the Canadian Auto Workers at its commercial vehicle systems brake facility in Tilbury, Ontario, Canada.

The Supreme Court, in a unanimous ruling regarding a railroad worker, has made it easier for workers to show they have suffered retaliation after accusing employers of discrimination, the Associated Press reported.

The U.S. Supreme Court agreed to consider a bid by environmentalists and 12 states to force the Environmental Protection Agency to regulate auto and truck emissions that may contribute to global warming, Bloomberg reported.

American Trucking Associations said Tuesday its preliminary May for-hire truck tonnage index rose 0.3%, following a 2% gain in April.

The average national price of retail diesel fuel fell 4.8 cents to $2.867 a gallon, the biggest decline this year, the Department of Energy reported Monday.

About 47,600 hourly workers have decided to accept buyouts at General Motors Corp. and Delphi Corp. through buyout or early retirement offers, news services reported Tuesday.

New home sales in May rose to their highest level this year, increasing 4.6% from April the Commerce Department said Monday.

Average retail gasoline prices fell 4.3 cents over the past two weeks to $2.89 a gallon, according to the latest Lundberg survey of gasoline prices released Sunday.

FedEx Corp. said Monday that it has joined in an agreement with the French Office of Economic and Commercial Affairs to expand trade and investment between France and the United States.