Stocks rally as jobs data spurs optimism NEW YORK (Reuters) - Wall Street closed a stellar week on Friday after recent economic data, including a stronger-than-expected labor market report, bolstered optimism that the economy would not fall back into recession.
Taxpayers likely to face initial loss on GM IPO: sources NEW YORK/DETROIT (Reuters) - The U.S. government is likely to take a loss on General Motors Co in the first offering of the automaker's stock, six people familiar with preparations for the landmark IPO said.
Payrolls data offer ray of hope for recovery WASHINGTON (Reuters) - U.S. employment fell for a third straight month in August, but the drop was far less than expected and private hiring was a positive surprise, relieving concerns about a stalling economic recovery.
China tells state companies to explore Potash bid TORONTO/HONG KONG (Reuters) - Chinese officials have ordered state companies to meet investment bankers to explore ways to block BHP Billiton's $39 billion bid for Potash Corp, a source with direct knowledge of the matter said.
Obama to address new economic ideas next Wednesday WASHINGTON (Reuters) - President Barack Obama said on Friday he would outline new measures next week to boost the U.S. economy, but analysts were skeptical he would be able to deliver a big enough package to lift growth significantly.
Ex-Goldman programmer wins partial dismissal NEW YORK (Reuters) - A federal judge on Friday dismissed part of a criminal case accusing a former Goldman Sachs Group Inc computer programer of stealing proprietary computer code from the bank's lucrative high-frequency trading platform.
Madoff investors win $12.74 mln in Merkin case NEW YORK (Reuters) - Investors in Gabriel Capital LP, a so-called feeder fund that funneled money to imprisoned swindler Bernard Madoff, were awarded $12.74 million by a panel of three arbitrators, court records show.
Petrobras to sell $65 billion stock in record offer RIO DE JANEIRO (Reuters) - Brazilian state oil company Petrobras on Friday filed to sell up to $64.5 billion of new stock -- the largest in capital markets history -- sending its stock sharply higher after months of uncertainty that dragged on its share price.
Kia recalls 56,000 Souls, Sorentos in U.S., S. Korea DETROIT/SEOUL (Reuters) - Kia Motors said on Friday it had started a recall of some 56,000 Soul and Sorento vehicles sold in the United States and South Korea due to defective wiring harnesses that could cause fires.
BP says failed blowout preventer off Gulf well HOUSTON (Reuters) - BP Plc removed a failed blowout preventer from atop its ruptured Gulf of Mexico oil well on Friday afternoon, a company spokesman said.
Earthquake of 7.1 magnitude hits New Zealand city WELLINGTON (Reuters) - A major earthquake hit New Zealand's second biggest city Christchurch early on Saturday, bringing down power lines, ripping up roads and wrecking building facades, but authorities reported no deaths.
Taxpayers likely to face initial loss on GM IPO: sources NEW YORK/DETROIT (Reuters) - The U.S. government is likely to take a loss on General Motors Co in the first offering of the automaker's stock, six people familiar with preparations for the landmark IPO said.
Obama to address new economic ideas next Wednesday WASHINGTON (Reuters) - President Barack Obama said on Friday he would outline new measures next week to boost the U.S. economy, but analysts were skeptical he would be able to deliver a big enough package to lift growth significantly.
U.S. and Israel spying behind BlackBerry woe: Dubai police DUBAI (Reuters) - Concerns over Israeli access to BlackBerry data, and the use of the device by the United States to spy on the United Arab Emirates are behind the Gulf state's moves to curb the smartphone, Dubai's police chief said.
Hurricane Earl slowly weakening on northward trek HYANNIS, Massachusetts (Reuters) - A weakened but still dangerous Hurricane Earl churned toward the Massachusetts coast on Friday, en route to Canada's Maritime provinces, after slapping North Carolina with heavy wind and rain but causing less damage than feared.
Bomb kills 54 in Pakistan, Taliban threatens U.S. QUETTA, Pakistan (Reuters) - A suicide bomber struck a rally in the Pakistani city of Quetta on Friday, killing at least 54 people in the second major attack this week and piling pressure on a U.S.-backed government overwhelmed by a flood crisis.
Government probes Mariner platform fire HOUSTON (Reuters) - The U.S. government on Friday launched an investigation into Mariner Energy Inc's Gulf of Mexico platform fire, according to the U.S. Coast Guard.
Google faces Texas AG inquiry, settles privacy suit SAN FRANCISCO (Reuters) - Google Inc said on Friday it was the target of an investigation by the Texas Attorney General's office into the fairness of its search engine rankings.
Madoff investors win $12.74 mln in Merkin case NEW YORK (Reuters) - Investors in Gabriel Capital LP, a so-called feeder fund that funneled money to imprisoned swindler Bernard Madoff, were awarded $12.74 million by a panel of three arbitrators, court records show.
BP says failed blowout preventer off Gulf well HOUSTON (Reuters) - BP Plc removed a failed blowout preventer from atop its ruptured Gulf of Mexico oil well on Friday afternoon, a company spokesman said.
Earthquake of 7.1 magnitude hits New Zealand city WELLINGTON (Reuters) - A major earthquake hit New Zealand's second biggest city Christchurch early on Saturday, bringing down power lines, ripping up roads and wrecking building facades, but authorities reported no deaths.
Bomb kills 54 in Pakistan, Taliban threatens U.S. QUETTA, Pakistan (Reuters) - A suicide bomber struck a rally in the Pakistani city of Quetta on Friday, killing at least 54 people in the second major attack this week and piling pressure on a U.S.-backed government overwhelmed by a flood crisis.
Clinton: time ticking for Israel-Palestinian peace WASHINGTON (Reuters) - Secretary of State Hillary Clinton on Friday urged Israel and the Palestinians to overcome the final obstacles to peace, saying their new talks may be a last chance to end the conflict.
Eight die as wildfires consume Russian villages MOSCOW (Reuters) - Wildfires swept through dozens of villages in southern Russia, killing at least eight people and reducing more than 400 homes to smoldering ruins, officials said Friday.
Two Mexican congressmen die in plane crash OAXACA, Mexico (Reuters) - Two members of Mexico's Congress were among six people killed on Friday when their private plane crashed near a popular Mexican Pacific beach resort, officials said.
Drug shootout with army kills 25 in Mexico MEXICO CITY (Reuters) - At least 25 suspected drug gang members were killed in an army raid in rural northeastern Mexico on Thursday, the army said in a press release.
Cuba's Fidel Castro makes first public speech in years HAVANA (Reuters) - Former Cuban leader Fidel Castro, wearing his green military cap and clothing like the commandant of old, made his first speech before the Cuban public Friday since falling ill in 2006, warning of the threat of nuclear war.
Mexican women work, die for gangs in drug war city CIUDAD JUAREZ, Mexico (Reuters) - More women are working and dying for powerful drug cartels in Mexico's most violent city as high unemployment along the U.S. border sucks desperate families into the lethal trade.
Over two dozen minors raped in eastern Congo: U.N. UNITED NATIONS (Reuters) - More than two dozen children in the Democratic Republic of the Congo are among the hundreds of victims of a recent wave of rapes in the nation's conflict-torn east, the United Nations said on Friday.
UPS cargo plane crashes in Dubai, two killed DUBAI (Reuters) - A Boeing 747-400 cargo plane operated by United Parcel Service Inc crashed shortly after takeoff into a military compound near Dubai's airport on Friday, killing two crew members, authorities said.
Mariner and the MAC Question A fire at a Mariner Energy platform in the gulf raised concerns that Apache might exercise the material adverse change clause in their merger agreement. But the Deal Professor says there is no cause for MAC litigation.
Wall St. Said to Finance Dinallo for Attorney General The onetime lieutenant of Eliot Spitzer is now being backed by financiers as the next attorney general of New York, The Financial Times reports, citing an analysis of campaign contributions.
Big Winners in 3Par Bidding War: 3 V.C. Firms Three of 3Par's earliest backers have reaped about $560 million from the bidding war between Dell and Hewlett-Packard over the data storage company.
Morning Take-Out How the stimulus is changing America; Depression economics; an American (start-up) in Paris
Ex-G.M. Chief to Lead Sunoco Spinoff Nine months after his ouster from G.M., Fritz Henderson will lead Sunoco's spinoff of its coking unit and eventually become the division's chairman and chief executive.
Goldman Says Basis Capital Can't Sue It in U.S. Basis Capital, an Australian hedge fund suing Goldman Sachs for $1 billion for losses related to credit default swaps, made the deal in Australia and can't sue in the United States, Goldman Sachs has said, Bloomberg News reports.
In Sudden Bidding War, Andean Goes With Goldcorp Goldcorp, the Canadian gold mining company, said Friday that it would buy its Australian rival, Andean Resources, for 3.6 billion Canadian dollars in cash and stock, beating out an all-share offer from Eldorado Gold.
Petrobras Could Raise $75 Billion in Offering Petroleo Brasileiro, Brazil's state-controlled oil company, may raise as much as $75 billion in a sale of new voting and preferred shares as part of a stock-for-oil swap with the government, Bloomberg News reported.
Ping An Stock Offering Raises $1.2 Billion Shares in Ping An Insurance climbed after TPG Capital's Asian unit sold the remainder of its stake in China's second-biggest insurer, Bloomberg News reported.
China Said to Approach Alberta Fund to Block BHP Chinese investors approached Alberta Investment Management to consider a joint counterbid for Potash of Saskatchewan, the Canadian pension fund's chief executive officer said.
Banker's Book Triggers Race Debate in Germany When a German banker and former government official spoke publicly about a unique "Jewish gene," when he attacked Islam as a source of violence and stunted development and when he espoused genetic theories that evoked the Nazi past, the political leadership quickly called for him to be fired.
Cleaner Chatroulette Rival Raises Seed Round VChatter, a video chat startup led by online dating pioneer Will Bunker, has raised $250,000 in seed funding, VentureBeat reported.
Ex-Lehman Trader's Fund Set to Double Assets The OGI Global Macro Fund, run by former Lehman Brothers Holdings proprietary trader Allan Bedwick, is set to double assets to about $100 million this month after outperforming hedge-fund peers globally, Bloomberg News reported.
Och-Ziff Says Assets Up by $200 Million Och-Ziff Capital Management Group, the New York hedge fund firm run by Daniel Och, said assets under management rose by $200 million last month as investors deposited money in its funds, Bloomberg News reported.
Private Sector in U.S. Added More Jobs Over Summer American businesses added more jobs in the last three months than originally estimated, but the wheels of the economic recovery are still spinning in place.
Goldcorp Outbids Rival for Andean Resources The Canadian gold miner said that it would buy its Australian rival for 3.4 billion dollars in cash and stock, beating an all-share offer from Eldorado Gold.
Putin Extends Ban on Russian Grain Exports Prime Minister Vladimir V. Putin announced Thursday that Russia?s ban on grain exports would be extended well into next year because of continued uncertainty over production.
Strong Yen Helps to Fuel Germany?s Export Boom European companies tend to focus on the dollar exchange rate, but the yen?s recent strengthening is playing a role in Germany?s export boom as well.
European Central Bank Optimistic About Economy The central bank will continue to offer liquidity to banks that have trouble obtaining short-term funds from other banks or in the money markets.
Monetary Fund Warns G-7 on Debt Levels The world?s most developed economies face record levels of debt as a result of the 2008-9 financial crisis and have little room to maneuver, the I.M.F. warned.
From Apple, a Step Into Social Media for Music Apple on Wednesday introduced a social media service geared to music lovers that is built into iTunes, revamped its lineup of iPods and unveiled an upgraded version of its set-top box.
YouTube Ads Turn Videos Into Revenue YouTube is expected to turn a profit this year, on revenue of about $450 million, with help from its onetime critics.
Google to Simplify Its Privacy Policies Google will update its privacy policies next month to offer simpler, more transparent language, but a privacy expert worry that the changes are actually bad for consumers.
H.P. Outbids Dell for Data Storage Company Hewlett-Packard offered about $2.3 billion, ending an 18-day bidding war. The price reflects a growing urgency to use acquisitions to fuel growth.
Consumer Watchdog Group Goes After Google A consumer watchdog group began an advertising campaign aimed at Google and its chief executive. It hopes to create a "Do Not Track Me" list for Web users.
From Apple, a Step Into Social Media for Music Apple on Wednesday introduced a social media service geared to music lovers that is built into iTunes, revamped its lineup of iPods and unveiled an upgraded version of its set-top box.
Of Two Minds About Books The book business tries to serve two readers, the one who loves the tactile page and the one who loves the digital ease.
Mormon Media Empire Goes More Digital The Deseret News has laid out an ambitious plan to enhance its digital coverage and begin using a collection of freelance contributors to supplement its news report.
State of the Art: Your Own Hot Spot, and Cheap Virgin Mobile?s MiFi is nearly like the ones offered by Sprint and Verizon but with three exceptions: an unlimited data plan, no contract and a $40-a-month service fee.
UN calls special food price talks The United Nations' food agency calls a special meeting of policy makers to discuss the recent rapid rises in food prices.
HSBC threatens to quit London HQ HSBC may quit its London headquarters if the UK government decides to break up big banks, a senior executive says.
Petrobras files $65bn share offer The Brazilian state oil company, Petrobras, unveils plans to sell up to $64.5bn of new stock, in one of the world's largest share offers.
BP says oil spill cost up to $8bn BP says the cost of its Gulf of Mexico oil spill has risen to $8bn - a rise of more than $2bn in the last month alone.
Bank customers in 'dire poverty' Banks are accused of leaving some customers in "dire poverty" after taking money out of their accounts without permission.
Nigerian economy 'to grow by 10%' Nigeria's economy will hit double-digit growth by the end of 2011 or early 2012, the country's finance minister says.
Shift in home loan availability The cost of mortgages is continuing to fall and they are becoming more accessible to some borrowers, figures show.
US sees 54,000 jobs go in August The US economy shed another 54,000 jobs in August, the third month in a row that jobs have been lost, official figures show.
UK builders and services falter New data shows new construction orders contracted in the second quarter, while the services sector slowed sharply in August.
'Big drop' in alcohol consumption Alcohol consumption has fallen faster than ever, figures from the British Beer and Pub Association suggest.
Europe agrees finance watchdogs The European Union agrees to reform financial supervision, with new agencies to oversee banks, insurers and financial markets.
Chinese consider rival Potash bid Chinese investors approach Canadian pension fund over a possible rival bid for the fertiliser giant Potash Corporation.
Andean gold in $3bn bidding war Rival Canadian gold mining companies, Goldcorp and El Dorado, lock horns in a $3bn fight to buy up Andean Resources.
Burger King is sold for $3.26bn Burger King is being sold to private equity firm 3G Capital in a deal valued at $3.26bn (£2.1bn), it has been announced.
Explosion on Gulf of Mexico rig An explosion rips through an offshore oil rig in the Gulf of Mexico, west of the site of the blast in April that caused a huge oil spill.
Four power firms face sales probe Four of the "big six" UK energy suppliers are to be investigated amid concerns of mis-selling to customers, the regulator says.
House prices fall again in August House prices fell for the second month in a row in August, according to the Nationwide building society.
Plans for more £5 notes in ATMs All banks and building societies have put in place plans to begin dispensing £5 notes from the cash machines, a report reveals.
Russia extends grain export ban Russia will consider lifting its grain export ban only after the next year's harvest has been reaped, Vladimir Putin says.
ECB ups eurozone growth forecasts The European Central Bank raises its forecast for eurozone growth for this year and next year, and keeps interest rates on hold.
New phone hacking inquiries call Senior Labour politicians urge fresh inquiries into phone hacking claims surrounding the News of the World newspaper.
Blair in 'radical Islam' warning Former Prime Minister Tony Blair tells the BBC that radical Islam is the greatest threat facing the world.
Earthquake hits south New Zealand A state of emergency is declared in Christchurch after a 7.0-magnitude earthquake strikes New Zealand's South Island, injuring two people seriously.
Police question Pakistan players Police question the three Pakistan players accused of corruption, while the ICC says that trio implicated have a disciplinary case to answer.
Taxpayers 'should not fund Pope' Some 77% of Britons think taxpayers should not help pay for Pope Benedict XVI's visit to Scotland and England, a survey suggests.
Tennessee mosque fire 'was arson' A fire that damaged construction equipment at the site of a Tennessee Islamic centre was arson, investigators say.
Worshippers 'just escaped blast' A Hare Krishna temple in Leicester was evacuated seconds before an explosion almost destroyed the building, it emerges.
Pakistan rally bomb kills dozens A bomb kills at least 50 people at a Shia Muslim rally in the south-western city of Quetta, the second attack on Pakistan's religious minority in days.
Tycoon Nadir bailed in fraud case Fugitive tycoon Asil Nadir is remanded on bail at the Old Bailey at his first court appearance on fraud and theft charges.
Thompson defends BBC No 10 visit Director general denies he compromised the BBC's independence by visiting Downing Street to discuss coverage of the government's spending cuts.
Six men jailed for Portugal abuse Six Portuguese men are sentenced to up to 18 years in jail after being found guilty of multiple charges of sexual abuse at a state-run children's home.
Sarah Kennedy is leaving BBC Radio 2 Veteran broadcaster Sarah Kennedy is leaving BBC Radio 2's Dawn Patrol show - 34 years after joining the station
England 4-0 Bulgaria Jermain Defoe scores a hat-trick as England get their Euro 2012 qualifying campaign off to a winning start against Bulgaria at Wembley.
Murray sees off flamboyant Brown Britain's Andy Murray overcomes the unorthodox style of Jamaica's Dustin Brown to reach the third round of the US Open.
Montenegro 1-0 Wales Montenegro captain Mirko Vucinic scores a fine solo goal to condemn Wales to defeat in their opening Euro 2012 qualifier.
Slovenia 0-1 Northern Ireland Substitute Corry Evans scores with his first touch to give Northern Ireland a 1-0 win over Slovenia in the opening Euro 2012 qualifier in Maribor.
Lithuania 0-0 Scotland Scotland have to settle for a point as their Euro 2012 qualification campaign begins with frustration in Lithuania.
Probe as police crash seized car Two police officers are suspended from driving duties after crashing a car they had seized from a suspected drink-driver.
PS3 hack escapes court challenge Sony has won a permanent ban in Australia of a hack for its PS3, but the code behind it has been released for free on the web.
Memristor revolution backed by HP A potentially revolutionary circuit component, once a laboratory curiosity, is to be mass-produced for the first time.
Global broadband divide revealed The global disparity in access to broadband around the world and the cost of a connection is revealed by UN figures.
Samsung releases iPad competitor Samsung has become the latest manufacturer to enter into the tablet computer market with its Galaxy Tab.
Apple creates a social network Apple launches a music-based social network called Ping as part of its latest upgrade to the iTunes music software.
US seeks input on net data rules US net users are being asked for their opinions about what ISPs should be allowed to do with web traffic flowing through their networks.
Dell pulls out of battle for 3Par Dell withdraws its bid for 3Par after rival Hewlett-Packard raises its offer for the data storage company to $2.1bn.
Sony rolls out rival to iTunes Sony has unveiled its own music and video download service in an announcement timed to coincide with an Apple media event.
Roaming iPhone glitch continues Mobile operator O2 and Apple are still resolving a months-old data roaming issue, with customers complaining of charges they didn't incur.
Rival benefits from Digg revamp A revamp of the social-news site Digg has unexpectedly backfired on its owners after members redirected traffic to a rival site.
New gadgets unveiled at IFA fair Samsung's Galaxy Tab and Toshiba's Folio 100 are amongst the gadgets showcased at the world's largest consumer electronics fair in Berlin.
First 'intelligent' stamp on sale The Royal Mail launches the world's first "intelligent" stamp, the first to work with image recognition technology.
Dollar slips on return to risk As better-than-expected economic data boosted investor morale this week, the greenback lost some of its luster, falling against a basket of currencies.
Where the jobs are now, and where they'll be next U.S. companies modestly added jobs in August, easing concerns that the nation might slip back into a recession. The latest jobs report released by the Labor Department today is better than expected. Employment in the private sector rose by 67,000 payrolls, after a revised 107,000 increase in July that was more than originally estimated. The report immediately sent stocks rallying, despite the fact that overall employment dropped and the unemployment rate climbed to 9.6% from 9.5%, as more people actively searched for jobs.
What went wrong at Burger King It's not yet clear what Burger King's new owner, the Brazilian-backed private equity firm 3G Capital, has in mind for the troubled No. 2 fast-food chain. But a total strategic revamp is in order.
Dow back in the black for 2010 Stocks closed near session highs Friday, with the Dow erasing its losses for the year, as investors welcomed a better-than-expected report on the U.S. job market.
Kia recalling fire-prone cars Hyundai-Kia Motors is recalling more than 35,000 cars with fire-prone electrical wiring systems, said the National Highway Traffic Safety Administration.
Stock futures pop after jobs report Stocks futures jumped Friday after the August employment report showed that employers cut fewer jobs than economists were expecting and added more private-sector jobs than forecast.
Should US government debt be rated junk? A few weeks ago, Hedgeye, the investment research firm where I'm a managing director, hosted a conference call for our subscribers that posed the question, "Should U.S. Government Debt Be Rated Junk Status?" Given that debt issued by the U.S. government continues to trade at almost all-time lows in yield, this is a contrarian call to say the least.
I have $10,000 and four months. Where do I invest? Question: I have a budget of $10,000 for a stock simulation I'm doing for a business and personal-finance class. What stocks should I invest in to make the most money in four months? -- Matt
From Detroit, a fix for smog-belching motorcycles When Americans debate the impact of fuel emissions on the environment, they usually talk about cars and trucks. But what about smaller vehicles like motorcycles, scooters, lawnmowers and ATVs?
The fading iPod Classic The iPod helped Apple rise from the dead in the last decade. But the iPod Classic, the device that jump-started that resurrection, didn't get so much as a mention from Steve Jobs at Apple's iPod event on Wednesday.
Oil roars into September 'like a lion' After ending August in a slump, oil prices surged into September, rallying nearly 3% Wednesday, and continuing to move higher Thursday following news of an oil platform explosion in the Gulf of Mexico.
Quit whining, Wall Street. Nothing has changed. There goes Dan Loeb again, sounding off to great effect. He used to confine himself to criticizing overreaching and overcompensated CEOs, targets we could pretty much all agree on. But the prickly hedge fund manager decided to join the chorus of aggrieved financiers in his latest missive, setting his sights on today's bogeyman of choice: oppressive government.
Second act: From software to wind energy Jim Maguire describes himself as being ahead of his time, and he's hardly bragging. In 2002, Maguire -- who managed software projects for large companies -- was consulting in Germany when he discovered "the next big thing."
Opel: The achilles heel in GM's IPO As General Motors gets ready to take its show on the road in support of its initial public offering after Election Day, one of its biggest question marks is the future of Opel and its European division.
Too Early to ‘Declare Victory’ as Housing Revives, Donovan Says The housing market is showing progress two years after the credit crunch drove down home prices, though it?s too soon to ?declare victory,? Housing and Urban Development Secretary Shaun Donovan said.
Earl Upsets Travels, Weakens, on Way to New England Hurricane Earl, weakening as it moves north toward New England and Canada, disrupted air and rail travel and lashed North Carolina?s Outer Banks with wind and rain.
North Korea’s First Congress in 30 Years May Discuss Successor North Korea is preparing its biggest political gathering in 30 years, fueling speculation Kim Jong Il may use the forum to legitimatize a transfer of power to his youngest son as his own takeover was ensured at a 1980 summit.
New Zealand’s South Island Rocked by 7.0 Earthquake A magnitude 7.0 earthquake struck New Zealand?s South Island, knocking out power, damaging roads and ripping facades off buildings in Christchurch, the country?s second-largest city.
Won Paces Asian Currency Gains This Week as Data Beat Forecasts South Korea?s won paced a rally in Asian currencies this week after economic data in Asia beat analysts? estimates, boosting optimism global funds will increase holdings of regional assets.
Japan’s Bonds Fall Most Since May 2008 on Ozawa Leadership Bid Japanese bonds completed the biggest weekly loss since May 2008 on concern a government led by Ichiro Ozawa will boost debt-fueled spending and as economic reports encouraged investors to switch to higher-yielding assets.
Mattel Sues MGA, CEO Larian Claiming Illegal Money Transfer Mattel Inc. sued MGA Entertainment Inc., claiming the rival toy company and its chief executive officer illegally transferred more than $400 million to block Mattel from collecting the money as a creditor.
Italy Goes After Tax Dodgers Only 0.2 percent of Italian taxpayers declare income of more than $250,000 a year. Berlusconi's government is now determined to recoup $13 billion in unpaid taxes
Study: Most Consumers Share Whereabouts Via Mobiles Mobile phone use is surging among U.S. adults, and most handset owners are using the devices to share information about their whereabouts, according to a new study from Pew Research Center.
Blackwater Won Contracts via Web of Companies The security contractor created dozens of shell companies or subsidiaries in part to obtain U.S. contracts after it was criticized for its conduct in Iraq, officials and investigators said.
Private Sector in U.S. Added More Jobs Over Summer American businesses added more jobs in the last three months than originally estimated, but the wheels of the economic recovery are still spinning in place.
Venerable Craft, Modern Practitioner A family business with roots in Italy steps away from some long-held traditions to survive and grow in a modern world.
G.O.P. Poised to Control 30 Governor Seats Republicans are on track to win approximately 30 governor seats in November, up from 23 now, according to the FiveThirtyEight forecasting model.
7.1 Earthquake Hits New Zealand A major earthquake hit west of Christchurch early Saturday morning, causing no immediate reports of casualties but widespread damage, authorities said.
Kara DioGuardi Exits ?American Idol? LOS ANGELES (AP) -- Kara DioGuardi is following Ellen DeGeneres and Simon Cowell out the door at ''American Idol.''
Failed Blowout Preventer Is Removed, BP Says The blowout preventer, which is considered a key piece of evidence in the Gulf of Mexico spill investigation, will now be raised to the surface.
