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S&P, Nasdaq rise on bullish data
(Reuters)
 Reuters - The S&P 500 and Nasdaq gained on Thursday, building on their best day in eight weeks in the previous session as data showed an improvement in pending home sales and a drop in initial jobless claims.
Burger King agrees to be sold for $3.26 billion
(Reuters)
 Reuters - Burger King Holdings Inc , the No. 2 U.S. fast-food chain, agreed to sell itself to investment firm 3G Capital for about $3.26 billion in a deal analysts said would give the restaurant breathing room to fix its business.
Bernanke takes blame for muddling message on Lehman
(Reuters)
 Reuters - Federal Reserve Chairman Ben Bernanke said he was partly to blame for leaving the wrong impression that the central bank could have saved Lehman Brothers from failure in 2008.
HP wins 3PAR for $2.4 billion, Dell bows out
(Reuters)
 Reuters - Hewlett-Packard Co won the bidding war to buy data storage company 3PAR Inc for $2.4 billion, after rival Dell Inc bowed out from a drawn-out bidding war on Thursday.
Pending homes sales rise and jobless claims dip
(Reuters)
 Reuters - Pending sales of previously owned U.S. homes rebounded unexpectedly in July and new claims for jobless benefits fell last week, hopeful signs for the sputtering economic recovery.
Equities make bright start to September
(AFP)
 AFP - Asian and European stocks rose on Wednesday, lifted by bargain-hunting and upbeat data, as dealers set aside Wall Street's worst August performance in nine years amid stubborn US recovery doubts.
Instant View: Pending home sales rise in July
(Reuters)
Reuters - Pending sales of previously owned U.S. homes rose unexpectedly in July, an industry group said on Thursday, suggesting a tax credit-related housing market decline was close to bottoming.
Del Monte 1Q profit edges up, but revenue slips
(AP)
AP - Del Monte Foods Co. said Thursday that its fiscal first-quarter profit edged up 1.4 percent, but revenue softened on weakness in the consumer business and the company trimmed its expectations for revenue growth this year.
German car exports up 12 percent in August
(AP)
AP - German car exports kept growing in August as a healthier global economy fueled sales abroad, helping push up production, an industry group said Thursday.
Mortgage rates hit record low: Freddie Mac
(Reuters)
Reuters - U.S. mortgage rates fell in the past week to the latest in a series of record lows as yields on government debt dropped, according to a survey released on Thursday by Freddie Mac, the second-largest U.S. mortgage finance company.
IMF, World Bank step up aid to Pakistan
(AFP)
 AFP - The IMF and the World Bank have stepped up aid to flood-hit Pakistan to help the country cope with its worst-ever humanitarian disaster, officials said Thursday.
Discounts, heat fuel August retail sales beat
(Reuters)
 Reuters - U.S. retailers posted sales that beat modest expectations in August as consumers sought out bargains during the key back-to-school selling season.
Summary Box: Pending home sales up 5.2 pct in July
(AP)
AP - PENDING HOME SALES RISE: The number of buyers who signed contracts to purchase previously occupied homes increased by 5.2 percent in July from June.
Gulf oil platform explodes, burning off La. coast
(AP)
 AP - An offshore petroleum platform exploded and was burning Thursday in the Gulf of Mexico about 100 miles off the Louisiana coast, west of the site where BP's undersea well spilled after a rig explosion.
Pending home sales rise 5.2 percent in July
(Reuters)
Reuters - Pending sales of previously owned U.S. homes rose unexpectedly in July, an industry group said on Thursday, suggesting a tax credit-related housing market decline was close to bottoming.
China auto sales rebound to grow 56 percent in Aug
(AP)
AP - Auto sales in China, the world's biggest car market, rebounded in August as subsidies for energy-efficient vehicles and a stronger currency spurred demand, while sales in the U.S. faltered.
A Dearth of Work for China's College Grads
(BusinessWeek)
BusinessWeek - The job hunt came as a shock. The 23-year-old job seeker graduated in June from a good school -- Beijing University of Technology -- with a bachelor's degree in materials science, a subject he figured would appeal to employers. Yet he had to go through scores of interviews and comb the online job sites endlessly before landing a job at a local trading company. Happy ending? Barely. The pay, $368 a month, is meager by Beijing standards, so he has had to move back in with his parents and he's too ashamed about the outcome of his job search to give his name. ...
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