Obama planning new package of economic aid

By ERICA WERNER 2010-09-03T18:18:32Z WASHINGTON (AP) — Eager to jumpstart the economy ahead of crucial midterm elections, President Barack Obama said Friday he intends to unveil a new package of proposals, including tax cuts and targeted spending, to spark job growth…. More here: Obama planning new package of economic aid  Read More →

Watch those gas pumps; prices expected to fall

By SANDY SHORE 2010-09-03T15:46:52Z DENVER (AP) — Gasoline prices have been falling for weeks, and they could go even lower as autumn’s leaves begin to drop…. Read more: Watch those gas pumps; prices expected to fall  Read More →

Kia recalls 56,000 Souls, Sorentos in U.S., S. Korea

DETROIT/SEOUL (Reuters) – Kia Motors said on Friday it had started a recall of some 56,000 Soul and Sorento vehicles sold in the United States and South Korea due to defective wiring harnesses that could cause fires. See the original post here: Kia recalls 56,000 Souls, Sorentos in U.S., S. Korea  Read More →

Service sector grows at slower pace in August

By TALI ARBEL 2010-09-03T15:08:01Z NEW YORK (AP) — The U.S. service sector, the nation’s predominant job generator, expanded for the eighth straight month in August although the pace of growth slowed, according to a trade group survey… Read the original here: Service sector grows at slower pace in August  Read More →

Obama says to address new economic ideas next week

WASHINGTON (Reuters) – President Barack Obama on Friday said he would address a package of new measures next week to boost U.S. growth and hiring as he greeted the August job report as positive news. Original post: Obama says to address new economic ideas next week  Read More →

Obama: New jobs numbers ‘positive’ but not enough

By ERICA WERNER 2010-09-03T14:54:52Z WASHINGTON (AP) — President Barack Obama welcomed news Friday of better-than-expected private sector job growth. But with the unemployment rate ticking upward nevertheless, he said he’d roll out new plans next week to spur the economy…. Read this article: Obama: New jobs numbers ‘positive’ but not enough  Read More →

Earl sideswipes Outer Banks, heads for Northeast

By MIKE BAKER 2010-09-03T14:14:50Z BUXTON, N.C. (AP) — A weakened Hurricane Earl delivered only a glancing blow to North Carolina’s Outer Banks early Friday on its way up the East Coast, flooding roads on the narrow vacation islands and knocking out power but staying farther offshore than feared. There were no immediate reports of any injuries…. Visit link: Earl sideswipes Outer... 

Non-manufacturing sector slows in August: ISM

NEW YORK (Reuters) – The U.S. non-manufacturing sector grew in August for an eighth straight month but at a slower pace than July and at a rate that was below expectations, according to an industry report released on Friday. Follow this link: Non-manufacturing sector slows in August: ISM  Read More →

Service sector grows at slower pace in Aug

By 2010-09-03T14:08:52Z NEW YORK (AP) — A trade group says the U.S. service sector, which provides most of jobs in the country, expanded for the eighth straight month in August, but the pace of growth slowed…. View original post here: Service sector grows at slower pace in Aug  Read More →

Owners of a third of 3PAR back HP bid

NEW YORK (Reuters) – Data storage provider 3PAR Inc said on Friday that shareholders owning about a third of its shares have agreed to accept Hewlett-Packard Co’s proposal to buy the company for $2.4 billion. See more here: Owners of a third of 3PAR back HP bid  Read More →