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Yahoo! News: Economy News
Discounts spur surprising Aug. retail sales gains (AP) business9/2/2010 2:45 PM

In this July 30, 2010 photo, teenagers enter a Juicy Couture clothing store that features a window display with back-to-school fashion, in New York. The nation's retailers are reporting surprisingly solid gains for August, helped by aggressive discounting, even as unusually hot weather and job worries kept a lid on back-to-school buying. (AP Photo/Mark Lennihan)AP - This year's back-to-school season isn't as big a bust for retailers as they feared — or as last year's — but it's not great either.


Economic data damp down fears of new recession (Reuters) business9/2/2010 2:32 PM

A home for sale is seen in Great Falls, Virginia August 23, 2010. REUTERS/Kevin LamarqueReuters - Pending sales of previously owned U.S. homes rebounded unexpectedly in July and new claims for jobless benefits fell last week, helping quell fears the economy could face a double-dip recession.


Summary Box: ECB raises eurozone growth forecast (AP) business9/2/2010 2:01 PM
AP - OUTLOOK IMPROVES: The European Central Bank raised its growth projections for the 16-nation eurozone after better-than-expected economic news.
Oil prices rise after mixed economic news (AP) business9/2/2010 1:51 PM

A petrol station worker refuels a U.S.-made 1932 Ford car in Havana September 1, 2010. Cuba's oil industry wants to work with its counterparts in the United States and Mexico to promote safe drilling practices and avoid the kind of well blowout and spill seen recently in the Gulf of Mexico, a leading drilling industry expert said recently. Cuba currently produces about 60,000 barrels of oil per day (bpd), all from onshore wells. It receives about 115,000 bpd from ally Venezuela on favorable terms.  REUTERS/Desmond Boylan (CUBA - Tags: SOCIETY TRANSPORT ENERGY)AP - Oil prices ended higher Thursday after an initial retreat as investors put a positive spin on reports about jobs, manufacturing and home sales.


Bernanke takes blame for muddled message on Lehman (Reuters) business9/2/2010 12:33 PM

U.S. Federal Reserve Chairman Ben Bernanke testifies before a House Financial Services hearing on the Reuters - U.S. Federal Reserve Chairman Ben Bernanke said he was partly to blame for leaving the wrong impression that the central bank could have saved Lehman Brothers from failure in 2008.


A look at economic developments around the globe (AP) business9/2/2010 12:17 PM
AP - A look at economic developments and activity in major stock markets around the world Thursday:
Bernanke: Shut down banks if they threaten system (AP) business9/2/2010 11:50 AM

Federal Reserve Chairman Ben Bernanke testifies on Capitol Hill in Washington, Thursday, Sep. 2, 2010, before the Financial Crisis Inquiry Commission.  (AP Photo/Manuel Balce Ceneta)AP - Federal Reserve Chairman Ben Bernanke told a panel investigating the financial crisis that regulators must be ready to shutter the largest institutions if they threaten to bring down the financial system.


Summary Box: Program puts tax refunds on plastic (AP) business9/2/2010 10:44 AM
AP - FASTER REFUNDS: The Treasury Department is exploring ways to help people without bank accounts collect their tax refunds more quickly. A pilot program launching next year will let some consumers get the money on cards, rather than waiting for paper checks. It could expand from there.
Workers see higher health costs, less care (Reuters) us9/2/2010 10:21 AM

Victoria Will (L) has her blood drawn by a nurse practitioner during a routine physical in New York March 22, 2010. REUTERS/Lucas JacksonReuters - Companies are cutting healthcare costs further amid a continuing sour economy, scaling back benefits and shifting a greater share of the expense to employees.


Productivity falls while labor costs increase (AP) business9/2/2010 10:21 AM
AP - American companies experienced the largest drop in workplace productivity this spring in nearly four years and a rise in labor costs, suggesting businesses may no longer be able to squeeze more work out leaner staffs.

Top News Stories


Wired Top Stories
Exotic New Mars Images From Orbiting Telephoto Studio9/2/2010 2:13 PM
A new batch of sharp Martian close-ups from NASA's HiRISE camera were released, and we've gathered some of the best in the gallery.


Earth's Magnetic Field Flipped Superfast9/2/2010 1:30 PM
Magnetic minerals in 15-million-year-old rocks appear to preserve a moment when the magnetic north pole was rapidly on its way to becoming the south pole, and vice versa.


Mass Extinctions Change the Rules of Evolution9/2/2010 1:00 PM
A reinterpretation of the fossil record suggests a new answer to one of evolution's existential questions: whether global mass extinctions are just short-term diversions in life's preordained course, or send life careening down wholly new paths.


First Look: Official Twitter App for iPad Feels Smooth as Butter9/2/2010 1:00 PM
The official Twitter app for iPad is finally here, and star developer Loren Brichter has polished yet another gem. Twitter for iPad sports a really elegant interface that's significantly faster and more intuitive than competing Twitter clients we've tested (such as Twitterific and Tweetdeck).


Fujitsu ScanSnap Counts Quality Over Quantity9/2/2010 12:33 PM
Fujitsu's scanner is your new (albeit bulky) buddy if you want high-quality images. The sturdy document feeder gets pages in straight, so you get them out right.


How Apple Just Disrupted the Cable Guys9/2/2010 12:11 PM
People in Silicon Valley have focused on the set-top box as the lever to attack the cable industry. Cable boxes blow, but that's a losing battle. So why is Apple TV different? Because Steve Jobs has not just created a new set top box. He's actually created a whole new media ecosystem built around the mobile phone.


Two-Wheeled Zerotracer EV Is a Wild Ride9/2/2010 12:07 PM
It looks like a motorcycle, it performs like a Lotus and it's racing around the world.


String Theory Finally Does Something Useful9/2/2010 12:00 PM
String theory has finally made a prediction that can be tested with experiments — but in a completely unexpected realm of physics: quantum entanglement.


Ancient Nubians Made Antibiotic Beer9/2/2010 11:30 AM
Chemical analysis of the bones of an ancient Sudanese Nubians who lived nearly 2,000 years ago shows they were ingesting the antibiotic tetracycline on a regular basis — likely from a special brew of beer. The find is the strongest yet to support that antibiotics were previously discovered by humans before Alexander Fleming discovered penicillin in 1928.


Samsung Introduces Its 7-Inch Tablet to Rival iPad9/2/2010 11:06 AM
Samsung has announced the launch of a tablet that could become the first major Android-powered challenger to the Apple iPad.




Yahoo! News: Top Stories
Earl threatens East Coast with weekend pounding (AP) business9/2/2010 12:11 PM

Holidaymakers stand on the balcony of a rented beach house in Avon, North Carolina. Hurricane Earl has closed in on a large part of the US east coast, as tens of thousands of people flee North Carolina's barrier islands to avoid dangerous winds and surf.(AFP/Getty Images/Mark Wilson)AP - Hurricane Earl packed winds near 125 mph as it blew toward North Carolina on Thursday, putting the Eastern Seaboard all the way to Canada on alert for a Labor Day weekend pounding by waves, gales and rain.


Oil sheen spreading from Gulf platform explosion (AP) business9/2/2010 12:12 PM

Map locates site of new oil rig explosionAP - A mile-long oil sheen spread Thursday from an offshore petroleum platform burning in the Gulf of Mexico off Lousiana, west of the site of BP's massive spill.


Data shows jobless claims drop, retail sales rise (AP) business9/2/2010 9:53 AM

In this photo taken Sept. 1, 2010, unemployed people wait in line for information on unemployment insurance and job listings in Las Vegas. The number of people requesting unemployment benefits declined for the second straight week, suggesting that the slowing economy isn't prompting widespread job cuts. (AP Photo/Julie Jacobson)AP - A weak economy got a little lift Thursday with new data suggesting companies aren't pursuing mass layoffs and stores are a little busier.


Israel, Palestinians agree to 2nd round of talks (AP) politics9/2/2010 12:13 PM

Secretary of State Hillary Rodham Clinton looks on as Palestinian President Mahmoud Abbas, right, and Israel's Prime Minister Benjamin Netanyahu shake hands as she hosts the re-launch of direct negotiations, Thursday, Sept. 2, 2010, at the State Department in Washington. (AP Photo/Charles Dharapak)AP - Israeli and Palestinian leaders agreed Thursday to produce a framework for a permanent peace deal and to hold a second round of direct talks this month, modest achievements reached under U.S. mediation amid deep skepticism about success at their first such session in two years.


Feds sue Arizona sheriff in civil rights probe (AP) us9/2/2010 11:08 AM

FILE - In this file photo taken July 30, 2010, shows Maricopa County Sheriff Joe Arpaio during a news conference in Phoenix. The U.S. Justice Department sued Arpaio on Thursday, Sept. 2, 2010, saying the Arizona lawman refused for more than a year to turn over records in an investigation into allegations his department discriminates against Hispanics. (AP Photo/Amanda Lee Myers, File)AP - The U.S. Justice Department sued Sheriff Joe Arpaio on Thursday, saying the Arizona lawman refused for more than a year to turn over records in an investigation into allegations his department discriminates against Hispanics.


Gunman shot as Discovery hostages planned escape (AP) entertainment9/2/2010 10:21 AM

In this image released by the Montgomery County Police, James J. Lee is seen is a booking mugshot from 2008 on disorderly conduct. Lee, 43, a gunman with what police described as 'concerns' with the Discovery Channel networks took at least one person hostage in the company's Silver Spring, Md., headquarters Wednesday, Spet. 1, 2010. A law enforcement official speaking on condition of anonymity because the investigation is ongoing said authorities have identified Lee as the likely suspect. (AP Photo/Montgomery County (Md.) Police)AP - As the three hostages at Discovery Channel's headquarters appeared ready to make a run for it, police said Thursday that a SWAT team officer quickly shot and killed the increasingly agitated gunman who had explosives strapped to himself, ending the four-hour standoff.


Can home cooking be hazardous to your health? (AP) health9/2/2010 11:54 AM
AP - Could your kitchen at home pass a restaurant inspection?
Google, Skype targeted in India security crackdown (AP) technology9/2/2010 9:00 AM

In this photo taken on Friday Aug. 27, 2010, a man chats on his mobile as he walks past the hoarding of BlackBerry mobile in Ahmadabad, India.  Indian authorities are scheduled to meet Monday evening, Aug. 30,  to decide whether to ban some BlackBerry services in India, an official said, one day ahead of a government-imposed deadline for BlackBerry maker Research In Motion Ltd. to give security agencies access to encrypted data or face a ban. (AP Photo/Ajit Solanki)AP - India has widened its security crackdown, asking all companies that provide encrypted communications — not just BlackBerry-maker Research In Motion — to install servers in the country to make it easier for the government to obtain users' data. That would likely affect digital giants like Google and Skype.


Rapper T.I., wife arrested on drug charges (AP) entertainment9/2/2010 12:02 PM

FILE - Rapper T.I. whose real name is Clifford Harris speaks to reporters outside the Richard B. Russell Federal Courthouse in Atlanta, in this March 27, 2008 file photo. Police say Rapper T.I. and wife Tameka Cottle have been arrested in West Hollywood for possession of a controlled substance late Wednesday Sept. 1, 2010. (AP Photo/John Bazemore, File)AP - Grammy-winning rapper T.I. was arrested along with his wife on suspicion of possessing methamphetamines, five months after the hip-hop star finished a prison stint on weapons charges.


American teen Capra upsets 18th-seeded Rezai (AP) sports9/2/2010 12:49 PM

Beatrice Capra of the United States signs autographs for fans after upsetting Aravane Rezai of France at the U.S. Open tennis tournament in New York, Thursday, Sept. 2, 2010. Capra beat Rezai 7-5, 2-6, 6-3. (AP Photo/Kathy Willens)AP - Goodbye, Melanie Oudin. Hello, Beatrice Capra.


 

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