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Yahoo! News: Business News

Business News

Pending home sales rise 5.2 percent in July (Reuters)

Thu, 02 Sep 2010 14:12:55 GMT

Reuters - Pending sales of previously owned U.S. homes rose unexpectedly in July, an industry group said on Thursday, suggesting a tax credit-related housing market decline was close to bottoming.

Instant View: Pending home sales rise in July (Reuters)

Thu, 02 Sep 2010 14:34:48 GMT

Reuters - Pending sales of previously owned U.S. homes rose unexpectedly in July, an industry group said on Thursday, suggesting a tax credit-related housing market decline was close to bottoming.

A Dearth of Work for China's College Grads (BusinessWeek)

Thu, 02 Sep 2010 12:08:41 GMT

BusinessWeek - The job hunt came as a shock. The 23-year-old job seeker graduated in June from a good school -- Beijing University of Technology -- with a bachelor's degree in materials science, a subject he figured would appeal to employers. Yet he had to go through scores of interviews and comb the online job sites endlessly before landing a job at a local trading company. Happy ending? Barely. The pay, $368 a month, is meager by Beijing standards, so he has had to move back in with his parents and he's too ashamed about the outcome of his job search to give his name. ...

HP wins 3PAR for $2.4 billion, Dell bows out (Reuters)

Thu, 02 Sep 2010 15:28:07 GMT

Reuters - Hewlett-Packard Co won the bidding war to buy data storage company 3PAR Inc for $2.4 billion, after rival Dell Inc bowed out from a drawn-out bidding war on Thursday.

Pakistan gets IMF relief, tightens security (Reuters)

Thu, 02 Sep 2010 17:09:42 GMT

Reuters - The International Monetary Fund will give Pakistan $450 million in emergency flood aid, providing some relief for a government overwhelmed by the disaster and facing renewed militant violence.

Summary Box: Mortgage rates hit low of 4.32 pct. (AP)

Thu, 02 Sep 2010 17:22:50 GMT

AP - RECORD LOWS: Mortgage rates fell to the lowest levels in decades for the tenth time in 11 weeks, mortgage buyer Freddie Mac said Thursday. The average rate for a 30-year fixed loan was 4.32 percent. The 15-year fixed loan hit 3.83 percent.

No sign of oil leak after Gulf of Mexico rig blast: company (AFP)

Thu, 02 Sep 2010 17:21:35 GMT

AFP - There is no sign of an oil spill after a rig caught fire in the Gulf of Mexico, a spokesman for rig operator Mariner Energy said.

Equities make bright start to September (AFP)

Wed, 01 Sep 2010 11:16:32 GMT

AFP - Asian and European stocks rose on Wednesday, lifted by bargain-hunting and upbeat data, as dealers set aside Wall Street's worst August performance in nine years amid stubborn US recovery doubts.

China auto sales rebound to grow 56 percent in Aug (AP)

Thu, 02 Sep 2010 05:38:09 GMT

AP - Auto sales in China, the world's biggest car market, rebounded in August as subsidies for energy-efficient vehicles and a stronger currency spurred demand, while sales in the U.S. faltered.

Bernanke takes blame for muddling message on Lehman (Reuters)

Thu, 02 Sep 2010 16:46:30 GMT

Reuters - 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.

How to Get a Government-Backed, Zero-Down-Payment Mortgage (U.S. News & World Report)

Thu, 02 Sep 2010 17:13:50 GMT

U.S. News & World Report - More than four years after real estate values peaked, the historic plunge in home prices remains fresh in the minds of mortgage lenders. After taking painful losses on delinquent home loans, banks have imposed tougher standards--such as increased credit scores and higher down payment requirements--on applicants of all stripes. And as investors fled for the hills, the exotic mortgage products that helped fuel the real estate boom have largely disappeared from the private market. But that doesn't mean all buyers need a big pile of cash to snag a home loan. ...

S&P, Nasdaq rise on bullish data (Reuters)

Thu, 02 Sep 2010 16:47:32 GMT

Reuters - The S&P 500 and Nasdaq gained on Thursday, building on their best day in eight weeks in the previous session as data showed an improvement in pending home sales and a drop in initial jobless claims.

Burger King agrees to be sold for $3.26 billion (Reuters)

Thu, 02 Sep 2010 15:32:05 GMT

Reuters - Burger King Holdings Inc , the No. 2 U.S. fast-food chain, agreed to sell itself to investment firm 3G Capital for about $3.26 billion in a deal analysts said would give the restaurant breathing room to fix its business.

German car exports up 12 percent in August (AP)

Thu, 02 Sep 2010 12:26:21 GMT

AP - German car exports kept growing in August as a healthier global economy fueled sales abroad, helping push up production, an industry group said Thursday.

Del Monte 1Q profit edges up, but revenue slips (AP)

Thu, 02 Sep 2010 14:34:49 GMT

AP - Del Monte Foods Co. said Thursday that its fiscal first-quarter profit edged up 1.4 percent, but revenue softened on weakness in the consumer business and the company trimmed its expectations for revenue growth this year.

Discounts, heat fuel August retail sales beat (Reuters)

Thu, 02 Sep 2010 17:04:54 GMT

Reuters - U.S. retailers posted sales that beat modest expectations in August as consumers sought out bargains during the key back-to-school selling season.

Pending homes sales rise and jobless claims dip (Reuters)

Thu, 02 Sep 2010 15:21:40 GMT

Reuters - Pending sales of previously owned U.S. homes rebounded unexpectedly in July and new claims for jobless benefits fell last week, hopeful signs for the sputtering economic recovery.