- - Tuesday, October 30, 2012

Home prices rose in August in nearly all U.S. cities, and many of the markets hit hardest during the crisis are starting to show sustained gains. The increases are the latest evidence of a steady housing recovery.

The Standard & Poor’s/Case Shiller index reported Tuesday that national home prices increased 2 percent in August compared with the same month a year ago. That’s the third straight increase and a faster pace than in July.

GREECE

Austerity vote delayed, country warns of ‘chaos’

ATHENS — Greece’s coalition government will delay a vote on major new austerity measures by another week, but warned Tuesday there would be financial “chaos” if a deal is not reached.

Finance Minister Yannis Stournaras told reporters that the austerity measures, worth $17.4 billion, would be submitted to parliament next week, as the three parties in government continue to disagree over new savings demanded by international bailout lenders.

TECHNOLOGY

Report: Apple exec refused to apologize for Maps

NEW YORK — The head of Apple’s iPhone software development was asked to resign after he refused to sign a letter apologizing for the flaws of Apple’s mapping application, according to a published report.

The Wall Street Journal says Scott Forstall’s refusal was the latest clash between him and other executives, and led to the company’s announcement Monday that he is stepping down and leaving the company next year.

Mr. Forstall’s unit was responsible for the Maps application, which was unfavorably compared to the Google Maps app it replaced.

FRANCE

Beer brewers refuse to swallow suds tax

BRUSSELS — France, the land of wine, is planning heavy taxes on beer, and that is not going down well with brewers — even in other nations.

President Francois Hollande is pushing through legislation to increase taxes on beer by 160 percent to help fund struggling social programs as France tries to contain a budget deficit hit hard by the economic crisis.

The tax would affect local brews and the 30 percent of imported beer the French drink.

From wire dispatches and staff reports

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