IBT Staff Reporter

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Growth angst drifts back to U.S. shores

After worrying about Europe for several months, economists are now turning their focus back to the United States, where high unemployment and a historic housing slump just won't go away.

Stocks face retailers' results

U.S. stock investors will brace for further signs of weakness in the economic recovery this week as earnings from key retailers are expected.

Commodity Trends:Copper demand to beat supply

Copper demand may outstrip supply in 2011 for the first time in four years as China, the world's biggest consumer, sustains purchases and as ore grades decline. The demand-supply gap will be the extent of 200,000 metric tons. Copper, used in pipes, tubes and wires, faces a deepening supply crunch and record prices are highly likely in the next two years, Barclays Capital said in a report on July 27. Prices for immediate delivery will average $7,763 a ton next year as a market shortage widens,...

US needs to tackle oil addiction with natural gas

The United States has all it needs to win the battle against oil addiction on home ground and help lead the rest of the world out of the same addiction. That's the message of NGV Global - the International Association for Natural Gas Vehicles - at an industry summit in Boston, Massachusetts.

Turkmenistan to invite tenders for oil exploration

Turkmenistan, long slow to respond to foreign efforts to enter its energy sector, is now considering tenders for development of its Caspian offshore hydrocarbon deposits. The bids are yet another sign of the dramatic changes occurring since the death of the country's mercurial autocrat, president for life Saparmurat Niyazov in December 2006.

Gold Rush in Yukon

The Yukon is home to the famous Klondike gold rush of the late 1890's. Prospectors flocked to the area some 120 years ago, following the discovery of gold on Rabbit Creek in the Klondike district by George Carmack, Dawson Charlie and Skookum Jim. When these men returned to their homes in the Pacific Northwest, carrying bags of gold, they encouraged thousands more like them to embark on a journey to the Yukon, hoping they would find riches in the Klondike, too.

S African gold mine in trouble after 4 deaths

Yet another problem hit the gold mining business in South Africa with four illegal miners were killed in a shooting at an abandoned gold mine owned by relatives of former president Nelson Mandela and President Jacob Zuma. Mining industry in South Africa has been reeling under safety problems for the past several months and this latest deaths are bound to create hurdles in the mining sector in South Africa.

AgBank confirms greenshoe as IPO hits record $22.1 billion

Agricultural Bank of China said on Sunday it had fully exercised an over-allotment option for the Shanghai portion of its initial public offering, taking total proceeds from the offer to $22.1 billion, making the IPO the world's biggest.

Apple manager charged with taking kickbacks

A manager at Apple Inc has been charged in California with taking kickbacks he received after leaking corporate secrets to Asian companies that supplied iPhone and iPod accessories, court documents showed.

Apple manager charged in with taking kickbacks

A manager at technology company Apple Inc has been indicted by a federal grand jury in California on charges including taking kickbacks, wire fraud and money laundering, according to court documents.

Crude Oil Prices Fall Below $80 Again as Officials Anticipate Slower Growth

Crude oil prices slumped below $80 a barrel again this week as the Federal Reserve and other official forecasters took a dimmer view of the economic recovery. Friday's closing price for the benchmark West Texas Intermediate futures contract of $75.39 a barrel marked a retreat from the contract's short-lived foray outside the $70 to $80 a barrel range it has been trapped in for months. Prices fell nearly 7% from last Friday's close of $80.70 a barrel.

Fed's Hoenig: Keeping rates low dangerous gamble

The Federal Reserve is undertaking a dangerous gamble by keeping rates at near zero for so long, and it must start raising rates or risk damaging the nascent U.S. recovery, a top Federal Reserve official said on Friday.

Oracle sues Google over Android

Oracle Corp sued Google Inc, alleging patent and copyright infringement in the development of the popular Android smartphone software.

Goldman CEO, others get millions from options

Goldman Sachs Group Inc on Friday said several top company officials, including Chairman and Chief Executive Lloyd Blankfein, exercised stock options this week and obtained millions of dollars of profits by selling the resulting shares, regulatory filings show.

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