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

2 Sep 2010 at 12:43pm

Reuters - 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)

2 Sep 2010 at 12:54pm

Reuters - 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)

2 Sep 2010 at 10:32am

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)

2 Sep 2010 at 11:46am

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)

2 Sep 2010 at 1:10pm

Reuters - 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)

1 Sep 2010 at 11:31am

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)

2 Sep 2010 at 9:34am
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)

2 Sep 2010 at 9:34am
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)

2 Sep 2010 at 12:33pm

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)

2 Sep 2010 at 12:22pm
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)

2 Sep 2010 at 12:09pm

Reuters - 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)

2 Sep 2010 at 12:04pm

Reuters - 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 & ...

2 Sep 2010 at 12:13pm
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)

2 Sep 2010 at 1:12pm

AP - 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)

2 Sep 2010 at 1:10pm

AP - Congress seems increasingly reluctant to let taxes go up, even on wealthier Americans.

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