Business

NEW YORK (Reuters) - Stocks rebounded to post their best gains in nearly four weeks on Friday, overcoming initial skittishness brought on by a revenue warning from Intel and dour comments from Federal Reserve Chairman Ben Bernanke. Full Story »

• Slideshow: Stock Markets

NEW YORK (Reuters) - Tribune Co, struggling to win broad creditor support for its plan to emerge from bankruptcy, said on Friday it would not tweak the proposal any further at the moment. Full Story »

NEW YORK - Treasury prices rose Thursday, sending interest rates lower after the glow from a positive report on unemployment faded. Full Story »

WASHINGTON (Reuters) - The economic recovery was weaker than originally estimated in the second quarter and analysts have now revised forecasts for third quarter growth down also. Full Story »

• Slideshow: Housing Crisis

NEW YORK - Tiffany & Co.'s second-quarter net income rose 19 percent on higher revenue as shoppers bought more of its high-end jewelry around the world, particularly in Asia and Europe. Full Story »

CONSTRUCTION BOOSTS GROWTH: Britain's economy grew by 1.2 percent during the second quarter, faster than the earlier estimate of 1.1 percent, thanks to a sharp rise in construction. 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 »

BEIJING - The economies of China and Japan are interdependent and their close cooperation has helped two-way trade rebound above the levels before the world financial crisis, a top Chinese economic official said Saturday. Full Story »

DETROIT (Reuters) - The U.S. auto industry felt like it dodged a bullet in July when retail sales to consumers held up and confounded forecasts for a drop, but then August came and that sense of relief went out the window. Full Story »

LOS ANGELES - The home sale slump has left some dwellings designed by Frank Lloyd Wright and other architectural luminaries languishing on the Southern California market. Full Story »

ANCHORAGE, Alaska - The state's Democratic nominee for governor said Friday he wants to give residents the chance to invest in a proposed pipeline that could ship natural gas to Lower 48 states. Full Story »

WASHINGTON - The Democratic Party has filed a complaint with the Internal Revenue Service complaining that a conservative foundation spending millions of dollars on ads in election battleground states is violating its status as a tax-exempt organization. Full Story »

Vehicle sales will likely be 18% lower this month than a year ago, when they were boosted by the federal Cash for Clunkers stimulus program, according to auto Web site Edmunds.com. It estimated that the industry will sell roughly 1.03 mil units in Aug. Five of the six top automakers are projected to report decreases this month, with Chrysler seen as the lone exception. Full Story »