Reuters
JACKSON HOLE, Wyoming (Reuters) – Federal Reserve Chairman Ben Bernanke said on Friday the economic recovery has weakened more than expected and the Fed stands ready to act if needed to spur slowing growth. Full Story »
Reuters WASHINGTON (Reuters) - Economic growth was revised down Friday to a 1.6 percent annual rate in the second quarter, pointing to an even softer performance in the third quarter. Full Story »
NEW YORK (Reuters) - Hewlett-Packard Co raised its offer for 3PAR Inc to $2 billion, once again topping Dell Inc's bid and showing it had plenty of ammunition in a bidding war for the data storage company. Full Story »
AFP/DDP/File LONDON (AFP) - World oil prices rallied on Thursday, as rising European stock markets and a weak dollar led traders to shrug off a massive increase in US crude reserves, analysts said. Full Story »
AFP/Getty Images/File WASHINGTON (AFP) - The US Federal Reserve will take more aggressive steps to boost growth if the economic outlook "deteriorated significantly," the central bank chief Ben Bernanke said Friday. Full Story »
Major companies tentatively scheduled to report quarterly earnings next week: Full Story »
AFP/File LONDON (AFP) - Britain's economy grew at its fastest pace for nine years in the second quarter as construction soared, official data showed on Friday, but it faces a difficult future as spending cuts and tax hikes bite. Full Story »
The Federal Housing Administration (FHA) is developing a new reverse mortgage product that sharply cuts up-front payments by home owners but also significantly reduces the percentage of a home's equity that can be paid to owners under the program. Reverse mortgages insured by the government are available on homes where the youngest owner is at least 62 years old. The program is called a Home Equity Conversion Mortgage (HECM). Full Story »
Reuters NEW DELHI (Reuters) - India is confident of resolving a visa restrictions issue with the United States outside the WTO framework, a senior government official said on Thursday. Full Story »
DEARBORN, Mich. - Ford Motor Co. said Thursday that electronics retailer Best Buy will use Ford vans for its Geek Squad home service technicians. Full Story »
WARWICK, R.I. - The Rhode Island Association of Realtors is optimistic about the future of the state's housing market despite a steep decline in sales of single-family homes last month. Full Story »
Reuters Prices at gasoline stations across the country should keep dropping as travelers hit the road for late-summer trips. Full Story »
GENEVA - The Swiss government said Wednesday it has handed roughly half the names of wealthy Americans demanded by Washington to solve a tax evasion dispute involving Switzerland's biggest bank, UBS AG. Full Story »
NEW YORK - August auto sales are expected to be much lower than the year-ago month, a time when sales were pumped up by the federal government's Cash for Clunkers vehicle trade-in program, according to analyst predictions. Full Story »
North Korean dictator Kim Jong Il reportedly met top Chinese leaders on Friday in an apparent bid for Beijing's diplomatic and financial support for a succession plan involving his third and youngest son, who is said to be traveling with him. Full Story »
Chip-maker Intel Corp. is cutting its sales forecast for the quarter, adding fresh evidence that a rickety economy is putting a damper on the back-to-school shopping season. Full Story »
British scientists have decoded the genetic sequence of wheat — one of the world's oldest and most important crops — a development they hope could help the global staple meet the challenges of climate change, disease and population growth. Full Story »
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