Reuters
HONG KONG (Reuters) – The yen neared a 7-1/2-month high and Asian stocks slid on Thursday after comments by the head of the Federal Reserve added to concerns about the U.S. economy, causing investors to dump riskier assets ahead of European bank stress test results. Full Story »
NEW YORK (Reuters) - Spirit Finance Corp is up for sale, with its owners, including Macquarie Group , seeking about $3.5 billion for the U.S. real estate investment trust, a source familiar with the matter said on Wednesday. Full Story »
NEW YORK/SHANGHAI (Reuters) - U.S. mobile phone maker Motorola Inc has sued China's Huawei Technologies Co for alleged theft of trade secrets, highlighting the fast-growing Chinese firm's difficulty in shaking the nation's reputation for piracy. Full Story »
NEW YORK (Reuters) - A federal judge has approved a $550 million settlement between Goldman Sachs and the U.S. Securities and Exchange Commission related to civil fraud allegations in a subprime mortgage product. Full Story »
AFP/File WASHINGTON - Federal Reserve Chairman Ben Bernanke told Congress on Wednesday that even though the economic recovery has weakened, the Fed plans no new steps for now to try to bolster it. Full Story »
STOCKHOLM - Swedish truck maker AB Volvo returned to a profit in the second quarter from a loss a year earlier, helped by a gradual pickup in demand and improved productivity, it said Thursday. Full Story »
AFP PARIS (AFP) - France and Germany said on Wednesday they want to suspend voting rights of EU member states which run up excessive deficits and to impose financial sanctions on them. Full Story »
WASHINGTON - Deutsche Bank Securities Inc. has been fined $7.5 million for allegedly misrepresenting delinquency data related to the issuance of certain risky mortgage-backed securities. Full Story »
AFP/File BEIJING (AFP) - The head of China?s largest credit rating agency has accused his Western rivals of causing the financial crisis and becoming too close to the clients they were assessing, a report said Thursday. Full Story »
LONDON (Reuters) - Paulson & Co, the hedge fund linked to civil fraud charges against Goldman Sachs , will launch a new fund open to retail investors, the Financial Times said on Thursday. Full Story »
AP RENO, Nev. - Two people found dead in a home that burned in an upscale Reno neighborhood had heavily fortified the foreclosed house, apparently anticipating the sheriff's deputies who came to evict them, police said Wednesday. Full Story »
Reuters DALAT, Vietnam (Reuters) - Vietnam called on Southeast Asian countries on Thursday to consider using nuclear power for peaceful purposes as Asia faces rising energy needs to fuel economic growth. Full Story »
By proposing to let tax breaks expire for wealthy Americans, the congressional leaders hope to force Republicans into another politically uncomfortable position Full Story »
AP DEARBORN, Mich. - For the first time, an American automaker plans to sell a hybrid car for the same, lower price as its gas-powered counterpart, removing at least one obstacle for drivers who want a greener ride. Full Story »
Typhoon Chanthu sent debris flying through the air in southern China's Guangdong province on Thursday, bringing rain that could aggravate the country's worst floods in a decade. Full Story »
EBay Inc. reported healthy second-quarter earnings Wednesday as more people transferred money through its PayPal payment service and shopped on its main website. Full Story »
A huge ball of brightly burning gas drifting through a neighboring galaxy may be the heaviest star ever discovered — hundreds of times more massive than the sun, scientists said Wednesday after working out its weight for the first time. Full Story »
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