Indexes open down on lingering econ fears
Reuters – 44 mins agoNEW YORK (Reuters) – Stocks opened lower on Friday following losses in global equity markets as worries about the economic recovery persisted. Full Story »
NEW YORK (Reuters) – Stocks opened lower on Friday following losses in global equity markets as worries about the economic recovery persisted. Full Story »
NEW DELHI (Reuters) - BlackBerry-maker Research In Motion may provide some solution next week to help Indian security agencies access corporate email by obtaining encrypted data in readable format, a government source said on Friday. Full Story »
LONDON/SEOUL (Reuters) - State-run Korea National Oil Corp (KNOC) made a hostile cash bid worth $2.6 billion for Britain's Dana Petroleum Plc on Friday, highlighting a strengthening in South Korea's resolve to secure energy assets overseas. Full Story »
Here's a look at the Vice Fund, a mutual fund that specializes in buying the "sin stocks" of companies in the cigarette, alcoholic beverage, gambling and defense contracting industries: Full Story »
WASHINGTON (Reuters) - The frail U.S. economy received fresh setbacks as new U.S. jobless claims scaled a nine-month high last week and Mid-Atlantic manufacturing shrank in August for the first time in more than a year. Full Story »
Hormel Foods Corp., the maker of Spam and Dinty Moore meat products, said revenue rose 10 percent in the third quarter. Here's a closer look at results. Full Story »
GENEVA - The U.S. appealed on Thursday its own victory in a landmark trade ruling against European subsidies for planemaker Airbus, asking the World Trade Organization to toughen its condemnation of the EU's financial meddling in a market worth more than $3 trillion over the next two decades. Full Story »
RATES SINKING: The average rate for 30-year fixed loan fell this week to 4.42 percent, mortgage buyer Freddie Mac said. Analysts say they could dip below 4 percent if the economy worsens. Full Story »
LONDON (AFP) - Pakistan is to ask the International Monetary Fund to ease the terms of a 10-billion-dollar loan after enduring the worst floods in its history, a report said Friday. Full Story »
NEW YORK (Reuters) - Women's clothing retailer AnnTaylor Stores Corp said quarterly sales rebounded at its namesake stores, and it was able to sell more merchandise at full price. Full Story »
NEW YORK (Reuters) - A New York judge has put on hold a foreclosure auction for equity in Manhattan's giant Stuyvesant Town and Peter Cooper Village apartment complexes, a victory for senior lenders owed nearly $3.7 billion after the property's owner defaulted. Full Story »
GRAND ISLE, La. - Biologist John Supan thinks he has developed what may be the holy grail for oyster lovers: a hardy breed of the delectable shellfish that stays fat enough for consumers to eat throughout the year. Full Story »
The Congressional Budget Office released an improved outlook for the federal budget deficit this year, but the report also amounted to a warning to President Obama and Congress about the limits of policies designed to stimulate the economy. Full Story »
NEW YORK/DETROIT (Reuters) - General Motors Co took a big step toward repaying a controversial taxpayer-funded bailout by declaring plans for a landmark stock offering that represents a critical test for the Obama administration. Full Story »
Massive flooding in Pakistan appears to be draining support for the already-weak civilian government while boosting the powerful military, a blow to U.S. and domestic hopes for a strong Pakistani democracy capable of undercutting the allure of al-Qaida and the Taliban. Full Story »
The marriage of an American technology firm and a Taiwanese display panel manufacturer has helped make digital reading a prospective challenger to paper as the main medium for transmitting printed information. Full Story »
Fifty-eight pilot whales died after they washed onto an isolated beach in northern New Zealand and rescue volunteers' initial efforts to refloat 15 others that survived failed Friday. Full Story »
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