MANAGEMENT

Data Shows Softening in Economy, no Recession

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The pace of U.S. private sector job growth slowed in August for the second month in a row, but factory activity in the Chicago area continued to expand, suggesting the economy would dodge a recession.
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Bloomberg LP Must Defend Swatch Analyst Call Case

Bloomberg LP lost a bid to dismiss a lawsuit by Swatch Group AG that accused the news service of secretly recording an earnings conference call with securities analysts and giving a transcript to clients.
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Messi Arrives in Kolkata to Enthrall Soccer Fans

The football magician Lionel Messi arrived in Kolkata early Wednesday to take part in the FIFA international friendly match against Venezuela, which will be played at the Salt Lake Stadium on Sept. 2.
Vermont Flooding

Vermont Flooding: Guards Airlift Food and Water to Cut-Off Towns

National Guard soldiers on Tuesday began airlifting food and water to about a dozen Vermont towns that have been cut off by the raging waters that remained after Hurricane Irene. At least three deaths have been reported in that state, which was somewhat reshaped by the flood waters from Irene.
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CCB shares up after BofA cuts stake; Temasek buy

Hong Kong-listed shares of China Construction Bank Corp rose more than 4 percent on Tuesday after Bank of America Corp said it will sell about half of its 10 percent stake in the Chinese lender, providing relief to investors by removing uncertainty surrounding the stake.
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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.
Hurricane Irene Wayne

Airlifts and water rescues in wake of Hurricane Irene

National Guard and firefighters rescued hundreds people from record flooding in New Jersey on Tuesday and Vermont planned to airlift food and water to inland towns cut off by Hurricane Irene after its paralyzing rampage through the U.S. northeast.
Hurricane Irene Trenton

FEMA's Disaster Relief Funds Drying Up

Federal Emergency Management Agency's disaster aid money is swiftly running out as it faces a daunting Hurricane Irene cleanup that could cost billions of dollars.
Hurricane Irene Vermont

Vermont Flooding: Storm Isolates Communities, Leaves People Stranded

The federal government will distribute emergency supplies across Vermont to people and communities still feeling the effects of Hurricane Irene, which is threatening to become the state's worst natural disaster since the historic 1927 flood.
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Firefighters Make Progress Against Blaze Near Yosemite

Firefighters battling a forest fire near Yosemite National Park since last week have manage to encircle about a third of the blaze, but a main road into the park remained cut off, officials said on Monday.
The Lehman Brothers booth on the trading floor of the New York Stock Exchange

Lehman to Seek Creditor Vote on $65 Billion Payout

Lehman Brothers Holdings Inc will ask a bankruptcy judge on Tuesday to let creditors vote on its $65 billion payout plan, a key step toward ending the biggest bankruptcy in U.S. history.
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CCB Shares up 4 Percent After BofA's $8 Billion Stake Sale

Hong Kong-listed shares of China Construction Bank Corp, the world's No.2 lender, rose more than 4 percent on Tuesday after news that Bank of America Corp will sell about half of its stake in the Chinese lender.
Vermont Flooding

Vermont Flooding Leaves 3 Dead, 1 Missing, Hundreds Cut Off

Three people are confirmed dead in Vermont on Monday after flood waters from Hurricane Irene somewhat reshaped parts of that state ? and upstate New York ? in what is said to be the worst natural disaster since an epic flood in 1927.
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Gundlach discussed succeeding Bill Gross at PIMCO

Star bond fund manager Jeffrey Gundlach was in discussions to leave Trust Company of the West and succeed Bill Gross at Pacific Investment Management in 2009, according to court testimony.
Cuban Robles stripped of gold as more drama grips Daegu

Cuban Robles stripped of gold as more drama grips Daegu

Cuban hurdler Dayron Robles was stripped of gold and glory at the world athletics championships on Monday in a twist every bit as dramatic as Usain Bolt's disqualification from the blue riband 100 meters sprint the night before.

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