• S&P and Nasdaq buoyed by housing, jobs data (Reuters) -

    Traders work on the floor of the New York Stock Exchange, August 31, 2010. REUTERS/Brendan McDermidReuters - The S&P 500 and Nasdaq advanced on Thursday, building on their best day in eight weeks in the previous session as data showed an improvement in pending home sales and a drop in initial jobless claims.


  • Economic data dampen fears of new recession (Reuters) -

    A home for sale is seen in Great Falls, Virginia August 23, 2010. REUTERS/Kevin LamarqueReuters - Pending sales of previously owned U.S. homes rebounded unexpectedly in July and new claims for jobless benefits fell last week, helping dampen fears the economy could face a double dip recession.


  • Burger King agrees to be sold for $3.26 billion (Reuters) -

    A Burger King sign outside a Miami restaurant. US fast food giant Burger King said Thursday it would no longer buy palm oil from Sinar Mas or its subsidiaries after Greenpeace campaigned against the Indonesian group's land-clearing practices.(AFP/Getty Images/File/Joe Raedle)Reuters - Burger King Holdings Inc , the No. 2 U.S. fast-food chain, agreed to sell itself to investment firm 3G Capital for about $3.26 billion in a deal analysts said would give the restaurant breathing room to fix its business.


  • Bernanke takes blame for muddling message on Lehman (Reuters) -

    U.S. Federal Reserve Chairman Ben Bernanke testifies before a House Financial Services hearing on the Reuters - Federal Reserve Chairman Ben Bernanke said he was partly to blame for leaving the wrong impression that the central bank could have saved Lehman Brothers from failure in 2008.


  • HP wins 3PAR for $2.4 billion, Dell bows out (Reuters) -

    The logo of 3Par Inc, is shown at the company's headquarters in Fremont, California August 27, 2010. REUTERS/Robert GalbraithReuters - Hewlett-Packard Co won the bidding war to buy data storage company 3PAR Inc for $2.4 billion, as rival Dell Inc bowed out on Thursday.


  • Some BofA shareholders can apply to tap $150M fund (AP) -

    Mickey Levy, chief economist for the Bank of America, leaves for the midmorning break of the Saturday session of the annual Federal Reserve conference, in Jackson, Wyo., Saturday, Aug. 28, 2010.  (AP Photo/Reed Saxon)AP - Investors who lost money when Bank of America Corp. bought Merrill Lynch without disclosing Merrill's problems can start applying to tap a $150 million compensation fund.


  • Instant View: Pending home sales rise in July (Reuters) - Reuters - Pending sales of previously owned U.S. homes rose unexpectedly in July, an industry group said on Thursday, suggesting a tax credit-related housing market decline was close to bottoming.
  • Del Monte 1Q profit edges up, but revenue slips (AP) - AP - Del Monte Foods Co. said Thursday that its fiscal first-quarter profit edged up 1.4 percent, but revenue softened on weakness in the consumer business and the company trimmed its expectations for revenue growth this year.
  • Romanian PM shakes up cabinet (AP) -

    FILE - In this file picture taken on Tuesday, Oct. 13, 2009, Romanian Premier Emil Boc, center, speaks to media shortly after his government failed in a confidence vote in Bucharest, Romania. Romania's unpopular government appeared to be on the brink of collapse on Thursday Sept. 2, 2010, after premier Emil Boc fired four Cabinet ministers, with the economy minister also saying he wants to quit. Romania is mired in its worst recession of the past two decades and the government slashed public sector wages by a quarter and hiked sales tax from 19 to 24 percent on July 1 to reduce the budget deficit. (AP Photo/Vadim Ghirda, File)AP - Romania's unpopular government was in turmoil Thursday after the prime minister fired five Cabinet ministers, with the economy minister also saying he will quit.


  • Summary Box: Mortgage rates hit low of 4.32 pct. (AP) - AP - RECORD LOWS: Mortgage rates fell to the lowest levels in decades for the tenth time in 11 weeks, mortgage buyer Freddie Mac said Thursday. The average rate for a 30-year fixed loan was 4.32 percent. The 15-year fixed loan hit 3.83 percent.
  • Pakistan gets IMF relief, tightens security (Reuters) -

    Flood victims left without receiving aid for three days reach for food handouts donated by a group calling themselves Muslim brothers in Pakistan's Muzaffargarh district of Punjab province September 2, 2010. REUTERS/Damir SagoljReuters - The International Monetary Fund will give Pakistan $450 million in emergency flood aid, providing some relief for a government overwhelmed by the disaster and facing renewed militant violence.


  • Discounts, heat fuel August retail sales beat (Reuters) -

    Shoppers leave Costco in Fairfax, Virginia, January 7, 2010. REUTERS/Larry DowningReuters - U.S. retailers posted sales that beat modest expectations in August as consumers sought out bargains during the key back-to-school selling season.


  • How to Get a Government-Backed, Zero-Down-Payment Mortgage (U.S. News & World Report) - U.S. News & World Report - More than four years after real estate values peaked, the historic plunge in home prices remains fresh in the minds of mortgage lenders. After taking painful losses on delinquent home loans, banks have imposed tougher standards--such as increased credit scores and higher down payment requirements--on applicants of all stripes. And as investors fled for the hills, the exotic mortgage products that helped fuel the real estate boom have largely disappeared from the private market. But that doesn't mean all buyers need a big pile of cash to snag a home loan. ...
  • Oil sheen spreading from Gulf platform explosion (AP) -

    Map locates site of new oil rig explosionAP - A mile-long oil sheen spread Thursday from an offshore petroleum platform burning in the Gulf of Mexico off Lousiana, west of the site of BP's massive spill.


  • More Dems buck plan to let taxes increase for rich (AP) -

    FILE - In this Aug. 25, 2009 file photo, Rep. Gerry Connolly, D-Va., conducts a town hall event in Springfield, Va. Chances are fading that Congress will allow taxes to rise, even for the nation's top earners. Worried about the fragile economy and their own upcoming election, a growing number of Democrats are joining the rock-solid Republican opposition to President Barack Obama's plans to let some of the Bush administration's tax cuts expire.    (AP Photo/Gerald Herbert, File)AP - Congress seems increasingly reluctant to let taxes go up, even on wealthier Americans.


  • Stocks wallow after a big rally - Stocks drifted between modest gains and losses Thursday, as investors took a step back from a major rally in the previous session and digested mixed economic reports.
  • Oil roars into September 'like a lion' - After ending August in a slump, oil prices surged into September, rallying more than 3% Wednesday as the economic outlook brightened.
  • Treasurys fall on upbeat manufacturing data - Investors eased away from safe-haven Treasurys Wednesday, sending prices lower and yields higher after strong manufacturing data out of both the U.S. and China spurred optimism about the global economy.
  • Saks stock shoots up 20% on buyout rumors - Shares of luxury retailer Saks surged Tuesday after a British newspaper said the company could soon get a buyout offer of $1.7 billion.
  • Global economy going nowhere fast - So much for merger mania getting investors excited.
  • BlackBerry crumble: Why RIM is in trouble - In many businesses, it's not the worst thing in the world to be second or even third biggest.
  • Stocks slump at the close - U.S. stocks ended a choppy day of trading lower Monday, as a dismal economic outlook overshadowed earlier optimism fueled by takeover talk.
  • Treasurys edge higher - Prices for U.S. Treasurys rose slightly Monday as investors braced for $102 billion in auctions and several economic reports.
  • Stocks in for summer slip 'n' slide - Stocks are likely to face another choppy, downtrodden week, but that's no big surprise.
  • Stocks that can take a double dip - Personally, I have no idea whether the economy is headed for a double-dip downturn, as some now predict. And frankly, no one else does either.
  • Dollar advances on global slowdown fears - The dollar turned higher this week as jittery investors flocked to the greenback for its safe-haven appeal amid fears of a global economic slowdown.
  • European stocks: Still valuable - David Marcus's past is filled with triumph and defeat. In the '90s he was a star protégé of mutual fund king Michael Price, the value manager who made a killing for investors in his Mutual Series funds. Marcus ran three funds there with more than $14 billion in assets and was labeled a European stock-picking ace by the press.
  • Why does everyone hate Microsoft? - Why don't investors love Microsoft?
  • Dollar hits 15-year low against yen - The dollar fell to a 15-year low against the Japanese yen Wednesday, as investors flocked to safe-haven trades after weak economic data was released by China and the Federal Reserve posted a bearish outlook.
  • Treasurys rise after Fed - Prices for U.S. Treasurys gained Tuesday after the Federal Reserve announced plans to reinvest in the market and issued a cautious economic outlook.
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