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India finds a way to access BlackBerry emails: paper (Reuters) (Aug-18, 21:46 EDT )-- Reuters - India's telecoms ministry has suggested a formula by which security agencies can get access to corporate email on Research In Motion's Blackberry devices, the Economic Times reported on Thursday.
Obama tries to boost faith in US economic revival (AFP) (Aug-18, 21:09 EDT )-- AFP - President Barack Obama held a kitchen table summit to try to restore Middle America's sinking faith in his administration's ability to revive the lackluster US economy.
Obama says economy coming back in backyard chat (AP) (Aug-18, 20:23 EDT )-- AP - Admittedly wary of losing touch, President Barack Obama returned to the comfort of backyard politics on Wednesday, assuring a polite gathering of middle-class neighbors that the economy is coming around "slowly but surely."
BOJ considering additional easing steps: report (Reuters) (Aug-18, 18:30 EDT )-- Reuters - The Bank of Japan has started considering additional monetary easing steps in line with government efforts to support the country's economy, the Sankei newspaper reported on Thursday.
Four banks face big losses on repurchases (Reuters) (Aug-18, 16:30 EDT )-- Reuters - The four largest U.S. banks could face as much as $42 billion in losses as they repurchase faulty mortgages from housing finance giants Fannie Mae and Freddie Mac, Fitch Ratings said on Wednesday.
General Motors files paperwork for historic public stock offering (Aug-18, 16:13 EDT )-- General Motors filed paperwork Wednesday afternoon for what is expected to be one of the largest initial public offerings of stock in history, setting the stage for the U.S. government to begin selling its majority stake in the automaker. ...
Mosque near Ground Zero: Frequently asked questions (Aug-18, 15:51 EDT )-- 1. Where is it? The project is slated for two adjacent buildings at 45-51 Park Place, between West Broadway and Church Street, two blocks north of Ground Zero in Lower Manhattan. Find a map of the location here . United States - New York -...
Obama tries to boost faith in US economic revival (AFP) (Aug-18, 15:18 EDT )-- AFP - President Barack Obama held a kitchen table summit Wednesday to try to restore Middle America's sinking faith in his administration's ability to revive the lackluster US economy.
The Boomer Bust Could Slam These Stocks (The Motley Fool) (Aug-18, 15:13 EDT )-- The Motley Fool - The baby boomer generation has long been a driving force behind our consumerist economy. Now, many members of that big demographic group appear to be going bust -- a shift could take down several iconic companies and brands.
Summary Box: Mortgage applications up 13 pct. (AP) (Aug-18, 14:59 EDT )-- AP - LOAN APPLICATIONS RISE: Mortgage applications rose 13 percent last week as consumers refinanced at the lowest rates in decades.
Lawyer: SC mom accused of killing sons remorseful (AP) (Aug-18, 14:52 EDT )-- AP - The mother accused of suffocating her two young sons and staging an accident to cover it up says she's remorseful and has been speaking with the family minister, her attorney said Wednesday.
Top banks may see $42 billion loss on repurchases: Fitch (Reuters) (Aug-18, 13:56 EDT )-- Reuters - The four largest U.S. banks could face as much as $42 billion in losses as they repurchase faulty mortgages from housing finance giants Fannie Mae and Freddie Mac, Fitch Ratings said on Wednesday.
On political tour, Obama gets in a backyard chat (AP) (Aug-18, 13:31 EDT )-- AP - Admittedly wary of losing touch, President Barack Obama returned to the comfort of backyard politics on Wednesday, assuring a polite gathering of middle-class neighbors that the economy is coming around "slowly but surely."
A look at economic developments around the globe (AP) (Aug-18, 13:22 EDT )-- AP - A look at economic developments and activity in major stock markets around the world Wednesday:
US Treasury official 'explains' Iran sanctions to Lebanon (AFP) (Aug-18, 13:20 EDT )-- AFP - A senior US Treasury official on Wednesday concluded two days of talks in Lebanon with financial leaders and bankers on US and UN sanctions slapped on Iran, the US embassy said.
Regulatory tensions dragging on US economy: NYSE chief (AFP) (Aug-18, 12:55 EDT )-- AFP - Efforts by the Obama administration to overhaul the US health, financial and energy sectors risk undermining a fragile economic recovery, the head of the New York Stock Exchange said Wednesday.
Home refinancing demand at highest in 15 months (Reuters) (Aug-18, 12:32 EDT )-- Reuters - U.S. mortgage applications leaped last week as rock-bottom interest rates lifted demand for home refinancing to its highest level in 15 months, a development that could portend stronger economic growth.
Democrats' letter to Fox News denounces News Corp. donation to Republicans (Aug-18, 12:26 EDT )-- The Democrats are escalating their attack on Fox News over the $1 million donation by the network's parent company to the Republican Governors Association. News Corporation - Republican - Politics - United States - Parties
Deadly Russian heatwave declared over (Reuters) (Aug-18, 11:22 EDT )-- Reuters - Russian meteorologists said on Wednesday Moscow's deadly heat wave was ending after two months of searing weather which took a high human and economic toll.
Obama: U.S. must tackle deficit without denting recovery (Reuters) (Aug-18, 11:19 EDT )-- Reuters - President Barack Obama said on Wednesday the United States must figure out how to control its long-term deficit without hurting economic recovery, which remains hobbled by the overabundant housing market.
Obama engaging in kitchen-table politics in Ohio (AP) (Aug-18, 09:47 EDT )-- AP - President Barack Obama rolled up his shirt-sleeves for a kitchen table conversation on the economy with an Ohio family.
Mortgage applications rise 13 pct. on low rates (AP) (Aug-18, 09:10 EDT )-- AP - Mortgage applications rose 13 percent last week as consumers refinanced at the lowest rates in decades.
Sheriff: SC mom killed kids, dumped car in river (AP) (Aug-18, 09:03 EDT )-- AP - Broke, jobless and berated by her mother for her failings, Shaquan Duley killed her young sons, then strapped their lifeless bodies into their car seats before rolling the vehicle into a South Carolina river in a desperate cover-up attempt,...
BoE voted 8-1 for no move in August (Reuters) (Aug-18, 08:10 EDT )-- Reuters - Bank of England rate-setters mulled the case for both easing and tightening policy this month before voting eight to one to keep interest rates at a record low of 0.5 percent, minutes showed Wednesday.
Home refinancing demand at highest in 15 months (Reuters) (Aug-18, 07:36 EDT )-- Reuters - Mortgage applications leaped last week as rock-bottom rates lifted demand for home refinancing loans to its highest level in 15 months, the Mortgage Bankers Association said on Wednesday.
Home refinancing demand at highest in 15 months (Reuters) (Aug-18, 07:36 EDT )-- Reuters - Mortgage applications leaped last week as rock-bottom rates lifted demand for home refinancing loans to its highest level in 15 months, the Mortgage Bankers Association said on Wednesday.
Oil falls on report showing rise in US supplies (AP) (Aug-18, 06:25 EDT )-- AP - Oil prices fell below $75 a barrel Wednesday after a report showed U.S. crude supplies swelled last week, renewing concerns about demand for fuel in the world's largest economy.
Asian markets close mixed despite bright US data (AFP) (Aug-18, 05:34 EDT )-- AFP - Asian markets were mixed Wednesday despite a strong Wall Street lead after a much-needed batch of good figures from the United States pointed to a brighter outlook for the world's biggest economy.
Democrat Frank says abolish Freddie and Fannie: report (Reuters) (Aug-18, 05:25 EDT )-- Reuters - Fannie Mae and Freddie Mac should be abolished rather than reformed as part of the Obama administration's planned overhaul of the government's role in housing finance, Rep. Barney Frank, chairman of the House Financial Services committee,...
AP Poll: Obama at new low for handling economy (AP) (Aug-18, 05:24 EDT )-- AP - President Barack Obama earned his lowest marks ever on his handling of the economy in a new Associated Press-GfK poll, which also found that an overwhelming majority of Americans now describe the nation's financial outlook as poor.
Bank of England voted 8-1 for steady stance in August (Reuters) (Aug-18, 03:51 EDT )-- Reuters - Bank of England policymakers considered the case for both easing and tightening policy this month, before voting eight to one to keep interest rates at a record low of 0.5 percent, minutes showed on Wednesday.
How the poll on politics and economy was conducted (AP) (Aug-18, 02:03 EDT )-- AP - The Associated Press-GfK Poll on politics and the economy was conducted by GfK Roper Public Affairs and Corporate Communications from Aug. 11-16. It is based on landline and cell phone telephone interviews with a nationally representative random...
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In Ohio, two races test Democrats' strategy for midterm elections (Aug-17, 23:00 EDT )-- COLUMBUS, OHIO -- There could not be two better examples of what President Obama and the Democrats want the fall elections to be about than Ohio Republicans Rob Portman and John Kasich. United States midterm election - United States - Ohio -...
Federal Reserve's shift in policy doesn't change its basic outlook (Aug-17, 23:00 EDT )-- After the Federal Reserve's policy meeting last week , the drumbeat on Wall Street and among some economists for bold new steps to strengthen the economy got louder. Economic - Thomson Reuters - Social Sciences - Net income - Business
Pepco defends post-storm efforts at hearing (Aug-17, 23:00 EDT )-- BALTIMORE -- A Pepco vice president told Maryland regulators on Tuesday that the company was "not terribly disappointed" with its response to recent storms that left nearly a half-million people in the dark, while another vice president disclosed that...
Stocks post biggest gains in 2 weeks with boost from major retailers (Aug-17, 23:00 EDT )-- NEW YORK -- U.S. stocks posted their biggest gains in nearly two weeks Tuesday as Wall Street was lifted by strong quarterly results from major retailers, better-than-expected economic data and a major takeover bid in the agribusiness sector. Wal...
Wal-Mart, Home Depot increase second-quarter profit (Aug-17, 23:00 EDT )-- Wal-Mart Stores reported a 3.6 percent increase in second-quarter net income, earning $3.59 billion thanks to cost-cutting and robust growth in China, Brazil and Mexico. The retailer raised its earnings guidance for the full year. Wal-Mart -...
If Afghanistan dissolves security firms, guards will join Taliban, some predict (Aug-17, 23:00 EDT )-- KABUL -- The Watan Group's trained fighting force of 2,000 men, armed with rifles and rockets, battles daily to secure the most dangerous roads in Afghanistan so that critical supply convoys can reach U.S. and NATO troops. Afghanistan - United...
Manufacturing, housing sectors exhibit diverging fortunes (Aug-17, 23:00 EDT )-- A new round of economic data Tuesday confirms an emerging pattern: The nation's manufacturing sector is looking reasonably solid, while housing is dipping into a new downturn. Business - Business and Economy - United States - Real Estate -...
Massey Energy cited for failing to report mine accidents (Aug-17, 23:00 EDT )-- Government investigators have cited Massey Energy for failing to report more than 20 accidents at its Upper Big Branch coal mine in the two years before an April explosion killed 29 miners there, according to documents released by the Mine Safety and...
Warren sits down with big bank lobbyists (Aug-17, 23:00 EDT )-- Elizabeth Warren, a top candidate to lead the new Bureau of Consumer Financial Protection, met quietly last week with some of her sharpest critics: big bank lobbyists. Business - Financial services - Lobbying - Banking Services - Banks and...
Joint Forces Command, which relies on contractors, is tempting target for Gates (Aug-17, 23:00 EDT )-- A military command that Defense Secretary Robert M. Gates has said he plans to close is spending more than $500 million of its $704 million operating budget this year on contractor services, according to a spokesman for the command. United States...
U.S. role at heart of housing debate (Aug-17, 23:00 EDT )-- Top Obama administration officials opened a conference on the future of housing by making clear Tuesday they are considering a limited range of options that would reduce but not eliminate the government's role as a provider of funding for home loans. ...
Potash rejects BHP Billiton buyout offer (Aug-17, 23:00 EDT )-- A global race to snap up fertilizer companies accelerated Tuesday, when fertilizer producer Potash Corporation of Saskatchewan rejected a buyout offer from BHP Billiton worth $38.49 billion, calling it "grossly inadequate." BHP Billiton -...
American Girl doll store coming to Tysons Corner Center (Aug-17, 23:00 EDT )-- American Girl, the popular doll brand with a cultlike following among young girls, is slated to open its first store in the Washington area at Tysons Corner Center next summer. Gay Lesbian and Bisexual - Coming Out - Shopping - Recreation -...
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