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Service sector growth slows in July

The pace of growth in the services sector ticked down unexpectedly in July to the lowest level since February 2010, while the number of jobs created by the private sector also slowed, separate reports showed on Wednesday.
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Brain Cells Eat Themselves When Starved

Brain Cells To Blame For Failed Diets, Obesity and Weight Gain: Study

Did you feel guilty the last time your diet did not work? Did you blame yourself for giving into food temptations? Now, you may let go off these guilt feelings as new research suggests that specialized neurons in the brain are responsible for those uncontrollable ?hunger pangs?. Researchers at the Albert Einstein College of Medicine in New York have studied a biochemical mechanism that challenges human willpower.
President Barack Obama and Vice President Joe Biden meet with House Speaker John Boehner and House Majority Leader Eric Cantor in the Oval Office at the White House in Washington

Analysis: Obama suffers political setback in deal

President Barack Obama suffered a defeat in the battle over raising the U.S. debt limit that may have repercussions for his efforts to restore growth to the U.S. economy and win re-election in 2012.
A couple walks on the grounds of the U.S. Capitol Building during a snow storm in Washington

U.S. rating maintained by Moody's and Fitch

The United States had its triple-A rating confirmed by two key ratings agencies on Tuesday after Washington struck a last-minute deal to avoid a debt default, but threats of future downgrades remain.
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Chrysler CEO: Industry faces reckoning with China

U.S. and European automakers better watch their rear-view mirrors as competition from Chinese rivals will result in a day of reckoning down the road, the head of Fiat SpA and Chrysler Group LLC said on Wednesday.
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Stocks set to bounce after selloff, ADP

Wall Street equity futures were set for a higher open on Wednesday as buyers looked to halt the market's longest losing streak since October 2008 after a better-than-expected reading on the labor market.
A worker processes turkeys at the West Liberty Food processing plant

Multi-Drug Resistant Salmonella Surfaces, As CDC Investigates Outbreak

A recent study published on Wednesday suggests that two strains of Salmonella are resistant to multiple antibiotic treatment drugs as the U.S. Centers for Disease Control and Prevention, along with the U.S. Department of Agriculture?s Food Safety and Inspection Service investigate a multi-state outbreak of Salmonella poisoning linked to ground turkey.
Cyber attacks on the rise globally

China Implicated in Massive Five-Year Long Cyberattack

A top cybersecurity firm released a report detailing a sweeping, five year long cyberattack that struck more than 70 government agencies and corporations and likely originated in China, according to experts familiar with the analysis.
A general view of a container port in Shanghai

World's Private Sector Stumbles as Debt Crisis Bites

The world's economy moved closer to stagnation last month as firms in Asia and Europe reined back in the face of an ongoing debt crisis and signs of a new U.S. slowdown, business surveys showed on Wednesday.
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Comcast profit up on Web subscribers, ad sales

Comcast Corp's quarterly earnings beat Wall Street expectations on a better-than-expected rise in Internet and phone subscribers and advertising sales growth at its NBC Universal joint venture.
At Issue: U.S. Job Market

House GOP: Can It Fulfill Its Promise to Create Jobs?

Would distributing $3,000 gift cards to every American over age 16 get the U.S. economy out of its slump, and create more jobs? The tactic is unconventional, but if the economy doesn't start creating more jobs soon, Congressional leaders may have to implement the unconventional.

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