Top Stories
Fed approves sale of Morgan Stanley stock shares
[AP] - The Federal Reserve has approved a request by a Chinese sovereign wealth fund to acquire up to 10 percent of the voting shares of New York investment giant Morgan Stanley.
Stocks end a brutal August with meager gains
[AP] - The stock market ended its worst August since 2001 with meager gains Tuesday after minutes from the latest Federal Reserve meeting showed officials' increasing concern about the economy.
SEC says it lacked authority to charge Moody's
[AP] - The Securities and Exchange Commission has declined to seek fraud charges against Moody's Investors Services over its ratings of risky investments that led to the financial crisis.
Deere sells wind energy business for $900M
[AP] - Energy company Exelon Corp. said Tuesday it will pay $900 million for the wind energy assets of manufacturer Deere & Co., potentially signaling an active merger and acquisition period ahead for the power industry.
Earl could force US evacuations ahead of Labor Day
[AP] - A powerful Hurricane Earl threatened to sideswipe much of the East Coast just ahead of Labor Day, worrying countless vacationers who planned to spend the traditional last week of summer at the beach.
10 bailed-out banks spent $16.3M lobbying in 1H
[AP] - The 10 banks that received the most bailout aid during the financial crisis spent over $16 million on lobbying efforts in the first half of 2010, as the debate over financial regulatory reform reached its height.
Fed officials discussed further stimulus steps
[AP] - Federal Reserve officials signaled at their August meeting that they would consider going beyond a modest program to purchase government debt if necessary to boost the economy.
Large banks earn billions, small banks struggle
[AP] - U.S. banks are making money again, although a split picture of the industry has emerged since the financial crisis. The largest banks are thriving, mostly because they can borrow on the cheap and have rid themselves of bad debt.
Americans' economic confidence ticks up slightly
[AP] - Americans' confidence in the economy improved slightly in August from July, but they're still roughly as gloomy as a year ago.
PC industry's woes could mean bargains this fall (AP)
If you're looking for bargains on personal computers, bad news from the industry could be good for your pocketbook. Computer makers are scrambling for ways to goose faltering consumer demand after a weak start to the back-to-school shopping season.
Economy edges closer to stalling, government says (AP)
WASHINGTON -- The economy turns out to be weaker than we thought, and the outlook for the rest of the year is now looking dimmer.
Stocks gain as Bernanke, GDP reassure investors (AP)
Stocks posted big gains after Federal Reserve Chairman Ben Bernanke said the central bank was ready to step in if the U.S. economy showed further signs of weakening.
Investors flee Treasurys on Bernanke's remarks (AP)
Borrowers, take note: Interest rates may have found their bottom. Investors pulled money out of Treasurys Friday after expectations faded that the Federal Reserve will need to buy bonds to stimulate the economy.
Bernanke speech shows effort to find Fed consensus (AP)
Ben Bernanke is struggling to build consensus among Federal Reserve officials about what steps are needed -- if any -- to give the economy a boost.
Paul Allen sues major tech co's, including Google (AP)
Microsoft Corp. co-founder and billionaire Paul Allen is suing nearly a dozen major technology companies, including Google Inc. and Apple Inc., alleging that they infringed on four Web technology patents held by his company Interval Licensing LLC.
CEO: J&J let down public, must work to build trust (AP)
With Johnson & Johnson's once-golden reputation tarnished by 11 recalls of medicines, contact lenses and hip implants in as many months, its chief executive says he knows the company let consumers down.
Boeing again delays first delivery of 787 (AP)
Boeing Co. postponed the delivery of its first 787 airliner to the middle of the first quarter of 2011, adding to a string of delays that has put it more than two years past its originally scheduled debut.
Iowa approved egg farm tied to 'habitual violator' (AP)
The owner of an egg farm at the center of a massive salmonella recall was able to expand his egg empire despite being branded a "habitual violator" of Iowa's environmental laws -- a label that was supposed to ban him from building any more farms.
No evidence that tainted eggs go beyond 2 farms (AP)
Food and Drug Administration officials said Monday that there is no evidence a massive outbreak of salmonella in eggs has spread beyond two Iowa farms, though a team of investigators is still trying to figure out what caused it.
Data duel: HP tries to outbid rival Dell for 3Par (AP)
The world's two biggest personal computer makers are locked in a pricey struggle over which can move away from the PC business the fastest.
