Reuters
NEW YORK (Reuters) – Futures for the Dow Jones industrial average, the S&P; 500 and the Nasdaq 100 rise 0.5 to 0.6 percent, pointing to a stronger start on Wall Street on Friday. Full Story »
NEW YORK (Reuters) - Oracle Corp sued Google Inc, alleging patent and copyright infringement in the development of the popular Android smartphone software. Full Story »
BERLIN (Reuters) - German gross domestic product grew 2.2 percent in the second quarter, the biggest gain since reunification, driven by investment and exports, the Federal Statistics Office said on Friday. Full Story »
The health products giant said in an SEC filing that several federal prosecutors have issued subpoenas tied to a series of recalls in the last year of Tylenol, Motrin, Benadryl and other products. In July, Johnson & Johnson said it had received one subpoena. J&J said at that time that manufacturing problems and the recalls could cost the firm $600 mil this year alone. It fell 1.6% to 58.50. Full Story »
New applications for unemployment benefits rose last week to their highest level since February, the Labor Department said Thursday. It's the latest evidence of a weakening economy and a sign that some employers are still cutting their staffs. Full Story »
BERLIN - German steelmaker ThyssenKrupp AG says it earned euro298 million ($383 million) in the April-June quarter as orders and revenues both rose strongly in a recovering economy. Full Story »
THE DROP: Greece's gross domestic product fell 1.5 percent from the previous quarter. The unemployment rate, meanwhile, rose to 12 percent in May with nearly one in three young people out of work. Full Story »
NEW YORK - The rate of loss on liquidated U.S. commercial property loans pooled into securities climbed in the second quarter, Moody's Investors Service said Thursday. Full Story »
AFP/File ATHENS (AFP) - Greece is in the grip of deepening recession, official data showed on Thursday, as a stinging austerity programme agreed with the EU and IMF in exchange for a debt rescue package begins to bite. Full Story »
ST. PAUL, Minn. - Protestors have been rallying outside Target Corp. or its stores almost daily since the retailer angered gay rights supporters and progressives by giving money to help a conservative Republican gubernatorial candidate in Minnesota. Liberal groups are pushing to make an example of the company, hoping its woes will deter other businesses from putting their corporate funds into elections. Full Story »
WASHINGTON - The government is proposing to stop developers in most instances from collecting fees on the sale of homes they no longer own. Full Story »
AP NEW ORLEANS - Officials could know by early Friday if BP's broken oil well in the Gulf of Mexico has been sealed for good. Full Story »
ST. LOUIS - An atheist is suing to force the administrators of a towering cross in southern Illinois to return a $20,000 state grant toward its restoration, saying Thursday it was "blatantly unconstitutional" to spend taxpayer money on a Christian symbol. Full Story »
AP DETROIT - In a signal moment for the turnaround of the American auto industry, General Motors is edging toward a public stock sale, and its profits are now solid enough that the demanding CEO will step aside, saying his work is done. Full Story »
The economy of the 16 countries that use the euro expanded by a better-than-expected 1 percent during the second quarter as growth engine Germany expanded at its fastest pace since reunification two decades ago. Full Story »
PayPal wants to make it easier to buy low-cost digital goods online, whether it's a single article on a news website or virtual items in a video game. Full Story »
Floods, fires, melting ice and feverish heat: From smoke-choked Moscow to water-soaked Iowa and the High Arctic, the planet seems to be having a midsummer breakdown. It's not just a portent of things to come, scientists say, but a sign of troubling climate change already under way. Full Story »
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