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Bull China China’s official manufacturing purchasing managers’ index hit a 16-month high in August — 51.0 vs. 50.3 in July — suggesting the world’s second-largest economy may prove slightly stronger...
Business Briefs
Cruel monthStocks fell yesterday, with the Standard & Poor’s 500 Index capping its worst monthly drop since May 2012, as investors weighed the prospects for US military action in Syria...
Manchester United gets approval for Singapore IPO, Glazers retain control
SINGAPORE -- English soccer club Manchester United Ltd. has received approval from Singapore Exchange Ltd. to list on the city-state's bourse for its up-to $1 billion initial public offering, people...
US video game industry July retail sales slump to lowest levels since 2006
Retail sales of new video games, consoles and accessories in US stores in July fell to their lowest levels since 2006 as consumers continued to pinch pennies, Dow Jones Newswires...
BP's victims may be paid from new oil drilling
BP may back up a $20 billion fund to compensate victims of the Gulf of Mexico oil catastrophe with payments from the company's U.S. oil production wells, according to a...
Saudi telecom regulator says it will not ban BlackBerry messenger
Saudi Arabia's telecoms regulator said Tuesday it will allow BlackBerry messenger services to continue to operate in the kingdom, after phone companies satisfied some of its regulatory requirements. The decision...
Saudi telecom watchdog extends BlackBerry ban deadline to Monday: DJ Newswires
Saudi Arabia's telecom watchdog said late Saturday it has extended the deadline of its ban on BlackBerry messenger service in the country until end of Monday. The kingdom's Communication and...
BP fund administrator promises speedy claims payout
The government-appointed administrator of BP's $20 billion fund for oil-spill damage said Friday that he would run his own show as he seeks to improve the claims process set up...
BP captured 11,000 barrels of oil in last 24 hours: feds
U.S. Coast Guard Adm. Thad Allen on Monday said BP collected 11,000 barrels of oil from a rupture well in the Gulf in the last 24 hours and is approaching...
White House unveils bill to respond to oil spills
The White House on Wednesday unveiled legislation it is sending to Congress to allow the federal government to collect more damages from companies responsible for oil spills as a sunken...
Small dome to be deployed over oil spill in 72 hours, BP CEO says
After a rapidly freezing mix of natural gas and water derailed attempts to place a big underwater dome on top of a deepwater well leaking oil into the Gulf of...
Film Dept. IPO switch
Independent movie company, The Film Department, adjusted the terms of its initial public offering again, upping the number of shares to be registered and lowering the price per share. The...
Obama tells banks 'we want our money back'
WASHINGTON — President Obama, declaring "we want our money back and we're going to get it," said Thursday banks have a responsibility to make U.S. taxpayers whole for the financial-sector...
Appeals court rejects Dan Rather's appeal of CBS decision
New York's highest court on Tuesday declined to hear an appeal by former CBS Evening News anchor Dan Rather of his lawsuit against CBS Corp. In a brief summary order,...
Fox, Time Warner Cable Unlikely To Reach Deal
News Corp. Chief Operating Officer Chase Carey said in a memo to employees Wednesday that it's unlikely the company will reach an agreement with Time Warner Cable Inc. in time...
Android news set by Google
Google Inc. will host a press event on Tuesday pegged to its Android mobile phone operating system, sparking speculation the Internet search giant will unveil its own cellphone to compete...
US growth revised to 2.2%
WASHINGTON -- The US economy's recovery wasn't as strong as earlier believed, the government said yesterday, revising its third-quarter numbers down for the second time to show lower construction and...
Feds to fine airlines for long tarmac delays
The Obama administration said Monday it would begin routinely penalizing U.S. air carriers for lengthy tarmac delays, the latest step to address airline consumers' complaints after a series of high-profile...
Fed leaves rates near zero, cites improving economy
The Federal Reserve on Wednesday said interest rates will remain near zero "for an extended period," but acknowledged recent signs that the economy is gaining momentum after its worst slump...
Paterson calls Wall Street bonuses 'misunderstood'
Gov. Paterson Wednesday defended Wall Street bonuses saying they were a "misunderstood" asset to the New York economy and government revenue. "If you want the money to come back to...