Business
Reuters
Wider trade gap trims growth estimates
Reuters – 2 hrs 2 mins agoWASHINGTON (Reuters) – The U.S. trade gap widened a surprising 18.8 percent in June on a wave of consumer imports from China and other suppliers, suggesting U.S. second-quarter economic growth was weaker than previously thought. Full Story »
U.S. posts $165 billion July deficit
Reuters – 18 mins agoBusiness Slideshows
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Corrected: Wall Street in red for year on economic worry
Reuters – 7 mins ago
AFP/Getty Images/File NEW YORK (Reuters) - Stocks tumbled 2 percent and turned negative for the year on Wednesday as softer Chinese factory data and a weaker outlook from the Federal Reserve increased worries about the recovery. Full Story »
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Panel investigating Dow Jones' mysterious 'flash crash'
Reuters – 1 hr 58 mins ago
Reuters WASHINGTON (Reuters) - Securities regulators on Wednesday said they are moving forward with technical fixes in the wake of the still-unexplained May "flash crash," but some market players say they want a more wholesale review of high-speed trading. Full Story »
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Derma Wand marketer ICTV settles SEC charges
AP – Mon Aug 9, 7:07 pm ETWASHINGTON - The company that sells the Derma Wand skin care appliance through TV infomercials has settled civil charges that it falsely inflated its earnings by reporting sales of the anti-aging product while it still sat unsold in the warehouse. Full Story »
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BoE forecasts leaves scope for further easing
Reuters – Wed Aug 11, 9:59 am ETLONDON (Reuters) - The Bank of England left the door open on Wednesday for more monetary easing, cutting its forecast for UK economic growth and predicting that inflation would fall well below its 2 percent target in two years. Full Story »
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Macy's profit surges in the 2Q; boosts outlook
AP – 5 mins ago
AP NEW YORK - Macy's Inc.'s net income surged in the second quarter as the department store chain saw a payoff from its focus on exclusive moderate-price fashions and tailoring merchandise to local markets. Full Story »
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Adecco posts Q2 net profit of $127 million
AP – 57 mins agoGENEVA - Staffing company Adecco SA posted a second-quarter net profit of euro97 million ($127 million) Wednesday as demand in major economies recovered from the global downturn. Full Story »
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The Myth of Good Debt
U.S. News & World Report – 55 mins agoThink your low-interest mortgage is good debt? Think again. Full Story »
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US dollar falls to a 15-year low against the yen
AP – Wed Aug 11, 8:35 am ET
AP TOKYO - The U.S. dollar slid to a 15-year low against the yen Wednesday, dragged down by the anemic recovery in the world's biggest economy. Full Story »
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China appliance chain Gome sues jailed founder
AP – Fri Aug 6, 3:50 am ET
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 »
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Obama administration to provide $3B in housing aid
AP – 59 mins agoWASHINGTON - The Obama administration is providing $3 billion to unemployed homeowners facing foreclosure in the nation's toughest job markets. Full Story »
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Tropical depression halts drilling at Gulf well
AP – 16 mins ago
AP NEW ORLEANS - Drilling the final feet of a relief well intended to permanently plug the busted BP oil well deep below the Gulf of Mexico will have to wait two to three days as a tropical depression bears down on the site. Full Story »
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House passes state aid bill
Reuters – Wed Aug 11, 9:50 am ET
Reuters WASHINGTON (Reuters) - The House of Representatives on Tuesday approved, and President Barack Obama promptly signed into law, an election-year bill providing $26 billion to struggling states by closing tax loopholes for multinational companies and cutting food aid to the poor. Full Story »
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Ford to start building new small car in 2011 in Romania
AFP – 1 hr 10 mins ago
AFP/File BUCHAREST (AFP) - Leading US automaker Ford will start to produce a new small car next year at its Romanian plant and it stands by its investment in the country, the company said Wednesday. Full Story »
Business Slideshows
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World News
Death toll in China landslides rises to 1,117
AP – Wed Aug 11, 11:03 am ETHeavy rains lashed a remote section of northwestern China as the death toll from weekend flooding that triggered massive landslides jumped to 1,117, although the fading hopes of rescuers got a boost late Wednesday when a survivor was found in the debris. Full Story »
Technology News
Review: New choices enliven back-to-school PCs
AP – 2 hrs 36 mins agoLooking at getting a new PC for the fall semester? Here's a jolt of cheer in these uncertain times: PCs are not only cheaper than ever, there's real innovation going on, yielding interesting new choices. Full Story »
Science News
`Lucy' species used stone tools, fossil study says
AP – 16 mins agoTwo ancient animal bones from Ethiopia show signs of butchering by human ancestors, moving back the earliest evidence for the use of stone tools by about 800,000 years, researchers say. Full Story »
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