ECONOMY & MARKETS

Pedestrians walk past an American Eagle Outfitters store in New York

Favorable U.S. Retail Figures Expected Thursday

U.S. retailers are expected to report higher monthly sales in August, even though consumer confidence sagged and Hurricane Irene disrupted shopping along the East Coast during a key back-to-school weekend.

Asian Markets Gain More Than 1%

Shanghai's Ports
Asian stocks rose Thursday following gains on Wall Street, with technology and consumer shares outperforming, and credit spreads tightened on optimism that central banks worldwide will have to do more to support industrial activity.
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Hong Kong seeks to defuse row over China leader visit

Hong Kong on Wednesday sought to defuse criticism of a security clampdown during Chinese Vice Premier Li Keqiang's recent visit that was heavily criticised as excessive and a violation of Hong Kong's civil rights.
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U.S. Stock Futures Advance

Stock index futures pointed to a higher open for equities Wednesday, with futures for the S&P 500, the Dow Jones and the Nasdaq 100 up 0.3 to 0.8 percent.
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Asian Markets Rise Slightly

Asian stocks edged up Wednesday, poised to end a volatile month on a mildly stronger note, while the dollar struggled on heightened expectations that the U.S. Federal Reserve would do more to stimulate the economy.
Federal Reserve Chairman Ben Bernanke

Fed Chairman Bernanke Encountered Dissent, Minutes Reveal

Fed Chairman Ben Bernanke faced dissent in moving forward with aggressive action in response to the U.S. economic slowdown, released minutes from the board's Aug. 9 meeting reveal. The minutes show some Fed officials discussed a more aggressive effort to tackle the slowdown, including another round of Treasury bond purchases, and shifting Fed holdings into long-term Treasury Securities.
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Mengniu H1 net profit up 28 pct, quality in focus

China Mengniu Dairy Co Ltd , the country's top dairy product maker in which China private equity firm Hopu Investment Management owns a stake, on Tuesday posted a 27.6 percent rise in first-half net profit on solid sales growth, pledging to ensure product quality after a series of scandals tainted the industry's reputation.
Darien Isn't Daryl

Daryl Hannah Character Would Like Oil Pipeline

The real-life pursuits of the Hollywood star stand in stark contrast to one of her most enduring characters on the silver screen: the decidedly pro-business Darien Taylor in the movie “Wall Street.”
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Wendy's Headquarters Returns to Ohio

Wendy’s is moving its corporate offices to Dublin, Ohio, from Atlanta, where it has been headquartered since the merger with Arby’s in September 2008.
Republican presidential candidate and Tea Party symbol Michele Bachmann

Is the Tea Party Cooling Down?

Those who favor more government spending to fix the economy are neck and neck with those who wish to cut the budget deficit without delay.
Aussie Retail Sector Gets Boost from Global Players

S.Africa growth slows, boosts case for rate cut

South Africa's economy grew at its slowest pace in almost two years in the second quarter as the manufacturing and mining sectors slumped after strikes, boosting the case for interest rate cuts while denting the government's job-creation hopes.
U.S. Stock Market

U.S. Stock Market: Post-Irene Rally or ‘Dead Cat’ Bounce?

Amid a sluggish U.S. job market, a patch-work recovery in the housing market sector, and now damage from Hurricane Irene, it's understandable if U.S. investors are hesitant regarding deploying new money to the stock market. Where's the Dow Jones Industrial Average headed from here?
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U.S. Stock Futures Point Lower

Stock index futures pointed to a weaker open for equities on Wall Street Tuesday after steep gains in the previous session, with futures for the S&P 500, for the Dow Jones and for the Nasdaq 100 down 0.2 to 0.3 percent.

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