UNITED STATES

U.S. Q2 GDP decline eases; manufacturing still weak

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The U.S. economy contracted in the second quarter more slowly than initially thought, but negative news on jobs and on manufacturing activity in the country's Midwest region in September pointed to a patchy recovery from recession.

Obama says deeply committed to passing climate bill

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U.S. President Barack Obama said on Wednesday his administration was deeply committed to passing a new energy law that would set caps on greenhouse gas emissions, welcoming a new Senate proposal on the issue.
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Best Buy to hire more holiday staff this year

Electronics retailer Best Buy Co expects to hire more staff for the U.S. holiday season than it did last year and will promote its in-store services as a way to woo shoppers, Chief Executive Brian Dunn said on Wednesday.
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U.S. Q2 GDP shrinks less, manufacturing pulls back

The U.S. economy contracted in the second quarter at a slower pace than previously thought, while a surprise slide in manufacturing activity in the country's Midwest region in September pointed to a patchy recovery from recession.
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U.S. economy shrinks less in second quarter

The U.S. economy contracted in the second quarter at a slower pace than previously thought, while a surprise slide in manufacturing activity in the country's Midwest region in September pointed to a patchy recovery from recession.
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Congress to probe Moody's, U.S. SEC transgressions

A congressional panel will expand its examination of credit rating agencies to look at why U.S. securities regulators ignored warnings from former Moody's Corp executives about the company's weak compliance department and ratings process.
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Iran says talks are test, U.S. weighs sanctions

Iran said on Wednesday it viewed pending nuclear talks with six world powers as an opportunity and a test, and the United States said an extraordinarily difficult process was starting with more meetings likely.
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At 60, China seeks greater global role

Chinese leaders have told their diplomats to seek greater political and economic influence, changing tack from the low profile they relied on for decades to allay foreign concerns about the country's growing might.
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Danone sells Wahaha venture stake, builds war chest

French food group Danone settled a legal row with China's top beverage producer Wahaha by selling out of their joint venture, as analysts speculated Danone is looking to the United States for a big acquisition.
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Village Green, Microsoft partner on carbon tool

Environmental software company Village Green Global Inc is joining the dash in the market to track carbon footprints, partnering with software giant Microsoft Corp to capture the business of cities and local governments.
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U.S. GDP shrinks at a smaller 0.7 percent rate in Q2

The U.S. economy contracted at slower pace than previously thought in the second quarter as improved consumer and business spending cushioned the impact of a record decline in inventories, according to a government report on Wednesday.

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