Thursday, September 2
Crude oil prices climb Thursday
NEW YORK, Sept. 2 (UPI) -- Crude oil prices rose Thursday on the New York Mercantile Exchange, closing in on $75 per barrel as equity prices were positive for the second consecutive day.
China: Imported U.S. baby formula unsafe
BEIJING, Sept. 2 (UPI) -- China, which had a tainted infant-formula scandal two years ago, says the safety of its baby formula has been threatened by U.S. and other foreign dairy goods.
Grains in Chicago close higher
CHICAGO, Sept. 2 (UPI) -- Grains closed higher on the Chicago Board of Trade Thursday with the dollar index off 0.17 percent.
Russian airline sues Moscow for road jam
MOSCOW, Sept. 2 (UPI) -- Aeroflot filed suit against the city of Moscow, alleging the government caused the Russian airline to lose millions during road repair traffic jams.
Worst typhoon in a decade strikes S. Korea
SEOUL, Sept. 2 (UPI) -- Three people were killed when Typhoon Kompasu, the seventh typhoon this year, hit South Korea Thursday, Korea Meteorological Administration officials said.
Darling laments bonus pay tax
LONDON, Sept. 2 (UPI) -- Former British Chancellor of the Exchequer Alistair Darling said a tax on massive bank executive bonus checks had only a short-term effect.
Pending home sales rose in July
WASHINGTON, Sept. 2 (UPI) -- Pending U.S. home sales rose modestly in July, the National Association of Realtors said Thursday.
Mortgage interest rates set record lows
WASHINGTON, Sept. 2 (UPI) -- Average interest rates for long-term mortgages set record lows in the week ending Sept. 2, the U.S. Federal Home Loan Mortgage Corp. said Thursday.
Schumer warns Fed of credit issuer dodge
WASHINGTON, Sept. 2 (UPI) -- U.S. credit card companies may be dodging a consumer protection law by sending solicitations for professional-class cards, Sen. Charles Schumer, D-N.Y., said.
Given uncertainty, ECB leaves rate alone
FRANKFURT, Germany, Sept. 2 (UPI) -- The European Central Bank said Thursday it would keep its lending rate unchanged at 1 percent.
Manufacturing shows growth in August
TEMPE, Ariz., Sept. 2 (UPI) -- U.S. manufacturing expanded for the 13th consecutive month in August, the Institute of Supply Management said.
Wednesday, September 1
Flurry of storms is typical for time of year, experts say
MIAMI -- In the last two weeks, it seems as though the tropics have exploded: Hurricane Earl, big, scary and steaming toward North Carolina and a string of states. Tropical Storm Fiona, nearing hurricane strength but heading into hostile conditions and out to sea.
Wheat prices gain with dollar down
CHICAGO, Sept. 1 (UPI) -- Grains were mixed on the Chicago Board of Trade Wednesday with wheat futures up sharply and soybean prices moderately lower.
Fuld: Government failed Lehman Bros.
WASHINGTON, Sept. 1 (UPI) -- Former Lehman Bros. Chief Executive Officer Richard Fuld Jr. told a Washington panel Wednesday that government error allowed the firm to fail.
Safety advocates seek hot car warnings
WASHINGTON, Sept. 1 (UPI) -- U.S. automobile safety regulators are considering a proposal to require the installation of warning systems to prevent children from being left in cars.
Deseret News to cut staff by 43 percent
SALT LAKE CITY, Sept. 1 (UPI) -- Salt Lake City newspaper Deseret News said it would merge its editorial staff with KSL-TV and Radio in the fall, cutting 43 percent of its staff.
GM hands over keys to Akerson
DETROIT, Sept. 1 (UPI) -- General Motors Co. handed the keys to the car company to board member Daniel Akerson, who took over as chief executive officer Wednesday.
Chile miners clean up, settle in, wait
COPIAPO, Chile, Sept. 1 (UPI) -- A video shows 33 miners doing their best to adapt to what is expected to be as many as four months stuck inside a Chilean copper mine.
Construction outlays dropped in July
WASHINGTON, Sept. 1 (UPI) -- Construction spending in the United States dropped 1 percent in July compared to June, the U.S. Commerce Department said Wednesday.
Settlers vow to break building freeze
JERUSALEM, Sept. 1 (UPI) -- The settler council said it would break the building freeze in response to the slaying of four Israelis by terrorists near Hebron Tuesday night.
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