IBT Staff Reporter

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Government Drops Perjury Counts against Barry Bonds

The government on Wednesday dismissed three counts of perjury against home-run king Barry Bonds that had left jurors deadlocked in his trial stemming from an investigation into athletes' use of performance-enhancing drugs.

Don't Get Sued for Not Providing Meal Breaks

A new trend in employment law, California companies have recently been experiencing a barrage of meal break lawsuits, challenging state labor rules and the extent to which an employer must provide time to rest.

Manufacturing activity ticks down in August: ISM

The pace of growth in the U.S. manufacturing sector ticked down to a crawl in August, faring better than economists had forecast but remaining at the lowest level in two years, an industry report showed on Thursday.

TD Bank raises dividend as profit jumps 23 percent

Toronto-Dominion Bank (TD.TO: Quote) boosted its dividend on Thursday as it reported that strong loan volumes in the United States and Canada drove it to a higher-than-expected quarterly profit, pushing its shares higher.

Kenya interbank rate tumbles, stocks drop

Kenya's interbank lending rate tumbled to 19.2515 percent on Tuesday from 27.7299 percent the previous day, central bank data showed on Thursday, as the bank's action last week to bring down interbank rates filters through the market.

Golden Star restarts mining at gold mine in Ghana

Golden Star Resources said it has resumed mining at its Pampe gold deposit in Ghana, a move that will help increase overall production and slash cash operating costs at the Bogoso/Prestea mine in the region.

Somalia famine yet to reach its peak: UN

Food will be increasingly scarce in famine-struck southern Somalia until next year's harvest, the head of the United Nations refugee agency (UNHCR) said on Thursday.

Mosaid sees rescue in its Nokia-Microsoft deal

A patent licensing pact reached with tech giants Nokia and Microsoft will transform Canada's Mosaid Technologies, its CEO said on Thursday, and could help protect it from a C$480 million ($490 million) hostile takeover bid.

Recession fears recede as factories show growth

Manufacturing unexpectedly grew in August and fewer Americans filed new claims for jobless aid last week, despite a slump in confidence that threatened to push the economy back into recession.

August auto sales up despite economic turbulence

Major automakers posted double-digit U.S. sales gains for August from year-earlier levels, a steady result for a month that began with a plunge on Wall Street and ended with a hurricane shutting down the East Coast.

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