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Source Match Business News

Enbridge pipeline leaks oil in Chicago suburb (AP)

AP - Oil was sent onto a roadway and into a retention pond in suburban Chicago on Thursday when Enbridge Energy Partners officials said one of their pipelines in the area leaked.

U.S. chipmakers' outlooks stoke economy concerns (Reuters)

Reuters - Chip makers National Semiconductor and Texas Instruments Inc on Thursday issued quarterly financial targets that stoked investors' worries about a sluggish economy.

Casey's in buyout talks with 7-Eleven (Reuters)

Reuters - Casey's General Stores Inc confirmed it was in buyout talks with convenience store operator 7-Eleven, which offered the company $40 per share in cash earlier this month.

India vehicle sales remain strong (Investor's Business Daily)

Investor's Business Daily - Aug. car sales in India rose 33.2% from a year ago, according to the Society of Indian Automobile Manufacturers. The gain was impressive considering supply constraints have pushed up vehicle prices. Ford expects India to be the world's No. 3 auto market by decade's end, and is pushing hard to gain market share from rivals such as Maruti Suzuki, Hyundai and Tata Motors . Ford plans to launch 8 more models in India. Meanwhile, Tata's domestic sales of its key medium and heavy commercial vehicles rose 34%.

IMF to sell 400 million dollars' worth of gold to Bangladesh (AFP)

The International Monetary Fund on Thursday announced it would sell 10 metric tons of gold to Bangladesh, worth around 403 million dollars.(AFP/File/Sebastian Derungs)AFP - The International Monetary Fund on Thursday announced it would sell 10 metric tons of gold to Bangladesh, worth around 403 million dollars.


Wall Street buoyed by upbeat economic data (Reuters)

Traders work on the floor of the New York Stock Exchange, September 7, 2010.REUTERS/Brendan McDermidReuters - Stocks rose on Thursday as stronger-than-expected jobs and trade data helped lift optimism about the economic recovery, although sentiment was fragile as investors fretted over European banks.


Mortgage rates edge up; Housing market still slow (AP)

AP - Record-low mortgage rates failed to pull the housing market out of its funk. Now rates are inching higher, but don't blame them if home sales stay sluggish.

Homeowners, Beware Association Costs (Investor's Business Daily)

Investor's Business Daily - House and condo owners may face extra costs as their homeowner associations struggle with unpaid assessments, the legacy of neighbors hit by job losses and foreclosures.

Shoe seller DSW's operator says 2Q profit jumps (AP)

AP - Retail Ventures Inc., which operates the DSW shoe store chain, posted a 67 percent jump in second-quarter net income as a key revenue figure improved.

SC had tax liens against gov hopeful's family biz (AP)

AP - A business owned by the family of South Carolina Republican gubernatorial candidate Nikki Haley has been penalized for failing to pay taxes three times since 2003, according to records obtained by The Associated Press.

Wal-Mart US merchandising now headed by four execs (Reuters)

Reuters - Wal-Mart Stores Inc will remain without a chief merchandising officer for its U.S. stores for now, instead naming four new product heads to take over that responsibility, the retailer said on Thursday.

Fears of a second recession ease, at least for now (AP)

In this photo taken Aug. 24, 2010,  a job recruiter, center, speaks to job applicants during the Brooklyn Job Fair sponsored by the Orthodox Union Job Board in New York. Even though the economy is growing more slowly, companies in recent weeks are resisting making even deeper cuts to their work forces. (AP Photo/Mary Altaffer)AP - No, the economy isn't roaring ahead. And no, companies aren't making lots of job offers. But a fresh batch of economic data Thursday at least eased summertime fears that the economy might be on the brink of another recession.


As Wall Street Sheriff, Coffey would be discreet (Reuters)

Reuters - New York state attorney general candidate Sean Coffey on Thursday said he was the only contender qualified to police Wall Street and called Democratic rivals career politicians fixated on becoming governor.

Irish bonds rebound, banks hold ground after Anglo (AP)

AP - Investors welcomed Ireland's plan to split up its most debt-crippled bank, Anglo Irish, by bidding strongly Thursday for government bonds. Ireland's battered bank shares also held their ground.

Data shows economic recovery still on track (Reuters)

London shares ended in positive territory Thursday on US jobs and home sales data after falling in early deals.(AFP/File/Carl de Souza)Reuters - New U.S. claims for unemployment benefits fell more than expected last week to a two-month low, while the trade deficit narrowed sharply in July, hopeful signs for the stuttering economic recovery.


Web Impostors May Face Prison in California (BusinessWeek)

BusinessWeek - California Web impostors beware: You may soon be breaking the law, even if you aren't one of the perpetrators targeted by the state's "e-personation" bill.

Flash crash report: plunge still a mystery: sources (Reuters)

Securities and Exchange Commissioner Mary Schapiro gestures as she testifies before the House Financial Services Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises, on Capitol Hill in Washington in this July 20, 2010 file photo. REUTERS/Jonathan ErnstReuters - Regulators probing the stock market "flash crash" last May still have not uncovered a single cause but will point to "stub quotes" and other previously identified issues as having exacerbated the market's dramatic drop, according to two sources familiar with the probe.


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