UNITED STATES

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July jobs growth weaker than expected

U.S. employers added a smaller-than-expected 113,000 new jobs in July and the unemployment rate jumped unexpectedly to 4.8 percent, Labor Department data showed on Friday.
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AOL shifts to free Web services

Time Warner Inc. on Wednesday said its AOL unit will no longer charge high-speed Internet users for e-mail and other Web services in a gambit to attract more viewers and boost online advertising.
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Forex market doubts strength of Paulson's dollar

Treasury Secretary Hank Paulson's public support for a strong dollar on Tuesday failed to fully convince the foreign exchange market, which is now bracing for further weakness in the U.S. currency.
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Home loan demand sinks to four-year low

U.S. mortgage applications last week sank to their lowest level in over four years, as home purchase loan demand tumbled for the third straight week, an industry trade group said on Wednesday.
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For Big 3 sales, July takes back seat

Don't be surprised to see the Big Three automakers lower production forecasts for the rest of the year in light of soaring gasoline prices, slowing economic growth, and the sorry state of affairs in the automobile industry.
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Core inflation up 0.2 pct in June, as expected

Core U.S. consumer prices rose 0.2 percent in June, continuing a steady march that has taken the year-on-year rate of nonfood, nonenergy inflation to 2.4 percent, its highest since September 2002, the Commerce Department said on Tuesday.
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Cyworld Lands on Myspace

It has been tremendously successful abroad but now, Cyworld is trying to make a successful landing in Myspace territory.
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FDA, Barr to meet on morning-after pill status

U.S. health regulators will meet immediately with Barr Pharmaceuticals Inc. about the over-the-counter status of the Plan B contraceptive known as the morning-after pill, according to a report on cable network CNBC Monday.
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Microsoft submitted documents in bid to avoid fine

Microsoft Corp has submitted documents required by the European Commission in an effort to avoid further fines for breaching an antitrust ruling, a spokeswoman for the European Union regulator said on Monday.
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Growth slows, prices up in second quarter

U.S. economic expansion slowed abruptly in the second quarter to less than half the pace at the start of the year, while a key inflation gauge shot up at the fastest rate since 1994, the government said on Friday.
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Wendy's Losses Blamed on Charges for Baja Fresh

Wendy's International, one of the world's largest restaurant chains, announced its second quarter earnings on Thursday, blaming losses on impairment charges for its Baja Fresh Mexican Grill operation.
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iTunes' Week of Harvest

Apple Computer strengthened its grip on the digital media market this week, adding three major media sources to its list of iTunes content providers.
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Metallica Places Songs on iTunes

After three years of holding out, hard rockers Metallica are now allowing individual song downloads from their albums on Apple's iTunes Music Store.
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Key House Republicans boycott pension meeting

Legislation to overhaul the U.S. private pension system suffered another setback on Thursday as key House Republican lawmakers boycotted a negotiating meeting in a fight over whether to keep some $35 billion in tax breaks in the bill.
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Health and IT Big Winners in VC Funding

The health care and information technology industry received the most funding from Venture Capitalists during the 2006 second quarter, according to a new report..
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SA Farmers Look Inward Following WTO Talks

South African agricultural representatives are looking at their own governments to see what can be done in the wake of recently suspended trade talks of the World Trade Organization.
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ConocoPhillips Profits Surge 65 percent

ConocoPhillips, the third largest U.S. oil company, released its earnings for the second quarter of 2006 on Thursday, showing a surge in net profit attributed to the inclusion of the recently acquired Burlington Resources and high oil prices.

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