Reuters
HONG KONG (Reuters) – The dollar was on the defensive and Japanese stocks fell after weak U.S. jobless claims figures heightened worries that Friday's payroll data could paint a bleak picture of the U.S. economic recovery. Full Story »
Reuters TRAVERSE CITY, Michigan (Reuters) - General Motors Co has begun work on an initial public offering of stock that could be the largest ever for the U.S. market, the automaker's Chief Executive Ed Whitacre said on Thursday. Full Story »
Reuters NEW YORK (Reuters) - Retailers posted July sales below analysts' expectations after cutting prices to attract shoppers worried about high unemployment, a strategy that bodes ill for the back-to-school season. Full Story »
AFP/File LONDON (AFP) - Leading shares in London closed lower on Thursday on signs that more Americans are starting to claim unemployment benefits, spelling bad news for the economic recovery. Full Story »
CHICAGO - President Barack Obama says he is confident the nation will not suffer the "double dip" of back-to-back recessions. Full Story »
LONDON - Part-nationalized Royal Bank of Scotland said Friday it made a profit of 257 million pounds ($409 million) in the second quarter, due to large one-time gains, although losses from bad loans increased. Full Story »
OSLO, Norway - Norwegian papermaker Norske Skog said its second-quarter net loss widened 62 percent to 874 million kroner ($146 million) from 538 million kroner in 2009, due to lower paper prices, higher costs and changes in currency values. Full Story »
AFP/File WASHINGTON - Fannie Mae is asking for less money from the government, a sign that the cost to taxpayers for bailing out the mortgage giant could be billions lower than once thought. Full Story »
AFP/File LONDON (AFP) - Royal Bank of Scotland, rescued by the taxpayer at the height of the financial crisis, scraped into profit during the first half of 2010, its latest earnings statement showed on Friday. Full Story »
AP HONG KONG - China's biggest appliance retailer is suing its founder and former chairman for damages after he was jailed for economic crimes and maneuvers from prison to exert control over the company. Full Story »
TAXPAYER AID: Mortgage buyer Fannie Mae is asking for less money from the government, requesting $1.5 billion in assistance in a sign the taxpayer bill for bailing out the company could be billions lower than once thought. Full Story »
AP ON THE GULF OF MEXICO - Much of the crude still in the Gulf and coastal areas more than three months after BP's blowout has permeated deep into marshes and wetlands, complicating cleanup. Full Story »
LONDON (AFP) - Royal Bank of Scotland, rescued by the British taxpayer at the height of the financial crisis, scraped into profit during the first half of 2010, its latest earnings statement showed on Friday. Full Story »
TOKYO (AFP) - Toyota Motor said Friday that its hybrid vehicle sales in Japan had topped the one million mark and worldwide it had sold 2.68 million of the vehicles by the end of July. Full Story »
Bad weather grounded helicopters carrying emergency supplies to Pakistan's flood-ravaged northwest Friday amid warnings the worst monsoon rains in decades would bring more destruction to a nation already reeling from Islamist violence. Full Story »
Apple's Chinese partner says it will sell iPhones with Wi-Fi starting Monday, adding to mounting competition in China's smart phone market. Full Story »
Want to know the future of the oil-stained Gulf of Mexico ecosystem? Look first to its muddy, polluted past. Full Story »
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