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Oil steady in Asia ahead of US inventory report, Alex Kennedy

Oil prices were steady Thursday in Asia above $109 a barrel as investors waited for a weekly U.S. crude inventory report for evidence that slowing economic growth has cut d...

Cablevision completes first phase of WiFi buildout, Deborah Yao

Cablevision Systems Corp. said Thursday it has finished the first phase of its wireless network buildout in New York and remains on track to complete the project in two yea...

ECB, BoE expected to leave interest rates steady, George Frey

The European Central Bank and Bank of England will likely leave interest rates unchanged on Thursday as they face mounting inflation and slowing growth.The ECB in Ju...

Study: Workers to pay more for health care, Candice Choi

Get ready for another hike in copays and deductibles.A survey being released Thursday by the Mercer consulting firm found 59 percent of companies intend to keep down...

Source: Madrid crash probe focuses on wing flaps, David Koenig

The pilots of a Spanair SA plane that crashed last month in Madrid, killing 154 people, failed to extend wing flaps that are needed to give the aircraft enough lift for tak...

August auto sales fall; some say worst may be over, Tom Krisher

Nearly every major automaker saw its U.S. sales drop in August, but many are seeing signs that the worst slump in recent history may have bottomed out.Most upbeat we...

Summary Box: Huge power outages; some production

GOOD NEWS: A limited amount of oil and gas production has been restarted in the Gulf of Mexico with growing evidence that the nation's energy complex avoided a disaster in ...

Remnants of Gustav slow attempts to restore power, Mark Williams

Torrential rains and the threat of tornadoes in the wake of Hurricane Gustav slowed attempts to rebuild Louisiana's broken transmission and distribution systems even as hun...

Commodities mostly lower after dollar strengthens, Stevenson Jacobs

Gold prices fell for a third straight session Wednesday as the dollar muscled higher against the euro, dampening the appeal of commodities as a hedge against inflation. Sil...

Oil prices slightly lower on stronger dollar, Stevenson Jacobs

Oil prices inched lower Wednesday as a stronger dollar and slowing demand for crude overshadowed an almost total shutdown of energy output in the Gulf of Mexico after the p...

2 Wall St. brokers accused of $1B subprime fraud, Tom Hays

A former Wall Street broker pleaded not guilty Wednesday to charges he and a colleague duped investors into purchasing more than $1 billion in high-risk securities by makin...

Ambac, Corning, Staples, Continental big movers

Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and Nasdaq Stock Market:NYSEAmbac Financial Group Inc., up $1.58 at...

DirecTV, TiVo to offer new HD DVR to customers, Michelle Chapman

TiVo Inc. said Wednesday it will launch a new high-definition digital video recorder under an extended agreement with DirecTV Group Inc., reigniting a once-cooling relation...

Hovnanian reports wider 3Q loss, Alex Veiga

Hovnanian Enterprises Inc. said Wednesday its fiscal third-quarter loss more than doubled from a year ago as the homebuilder suffered steep declines in new home contracts a...

Commodities bubble burns big investment funds, Stevenson Jacobs

The deflating commodities bubble is claiming its first casualties as large investment funds absorb staggering losses from bad bets that prices for oil, precious metals and ...

DOJ: Ex-KBR chief pleads guilty to bribery charges

A former chief executive of construction firm KBR Inc. pleaded guilty Wednesday to federal bribery charges in connection with the company's natural gas operations in Nigeri...

August auto sales fall but some say worst is over, Tom Krisher

Nearly every major automaker saw its U.S. sales drop in August, but many are seeing signs that the worst slump in recent history may have bottomed out.Most upbeat we...

P&G purchases scalp care products maker Nioxin

Procter & Gamble Co. has acquired Nioxin Research Laboratories Inc., a manufacturer of professional scalp care products for thinning hair.P&G did not release...

Treasurys move slightly higher as stocks pull back, Joe Bel Bruno

Treasury prices mostly rose Wednesday as fears about the well-being of the economy dogged investors.Economic readings fanned some concerns that the economy is slowin...

Wall Street mixed on global economic worries, Madlen Read

Wall Street finished mixed in fickle trading Wednesday, with investors unsettled about the economy ahead of Friday's employment report and only somewhat relieved about slid...

New home door locks can be controlled online, Catherine Tsai

What if locking the front door of your home while you're away were as easy as hopping on the Internet?At the CEDIA Expo in Denver this week, Ingersoll-Rand Co.'s Sch...

Wall Street weak on global economic worries, Madlen Read

Wall Street traded modestly lower in uneasy trading Wednesday, with investors still unsettled about the economy ahead of Friday's employment report and only somewhat reliev...

Internet traffic grows 53 percent from mid-2007, Peter Svensson

International Internet traffic kept growing in the last year, but at a slower rate than before, and carriers more than kept pace by adding more capacity, a research firm sa...

Ford, GM, Toyota sales fall as auto slump persists, Tom Krisher

Ford Motor Co. said Wednesday its U.S. sales fell 26.5 percent in August, as the struggling automaker's results — even worse than July's dismal figures — showed that th...

Snapshot of early back-to-school sales

Early reports from several retailers show a sluggish start to the back-to-school season. Here is a snapshot of some of the same-store sales results announced Wednesday, a d...

High-stakes contract vote for Boeing workers, Tim Klass

Members of a union representing about 27,000 Boeing Co. aircraft assembly workers were voting Wednesday on whether to strike for an unprecedented second time in successive ...

Fed: Slow growth, still-high prices hit economy, Jeannine Aversa

The country is stuck in a slow-growth rut, the Federal Reserve suggested Wednesday.Higher prices for energy, food and other things are pinching people and businesses...

2 brokers accused of $1B subprime fraud, Marcy Gordon

Federal prosecutors and regulators on Wednesday accused two former Wall Street brokers of defrauding customers by making more than $1 billion in unauthorized purchases of s...

Reports show weak start to back-to-school season, Anne D'innocenzio

Early reports from several retailers including J.C. Penney Co. and Kohl's Corp. confirmed on Wednesday what Wall Street had already expected: a weak start to the back-to-sc...

Ford sales dive in August as auto slump continues, Tom Krisher

Ford Motor Co. said Wednesday its U.S. sales fell 26.5 percent in August, as the struggling automaker's results — even worse than July's dismal figures — showed that th...

GMAC slashing work force, reduces mortgage lending

Lender GMAC Financial Services said Wednesday it will close all of its 200 retail offices and lay off about 5,000 employees as part of plan to reduce its mortgage lending a...

Letting staffers telecommute requires management, Joyce M. Rosenberg

With gasoline prices expected to remain uncomfortably high, many small businesses are letting some of their staffers work at home. And some owners are discovering that allo...

Ford sales drop 26.5 percent as slump continues

Ford Motor Co. says its August sales dropped more than 26 percent as U.S. economic woes and high gas prices continued to batter the auto industry.The company also do...

Facts about Macy's Inc., Tommy Hilfiger Group

Facts about Macy's Inc. and Tommy Hilfiger Group as they prepare to launch an exclusive alliance covering men's and women's sportswear.Macy's Inc._Acquired Ma...

Macy's to debut exclusive deal with Tommy Hilfiger, Lisa Cornwell

Macy's stores across the country are renovating their Tommy Hilfiger shops and expanding how much of the designer's sportswear they carry. But fans of the brand soon won't ...

Oil falls on stronger dollar, falling fuel demand, Stevenson Jacobs

Oil prices inched lower Wednesday as a stronger dollar and slowing demand for crude overshadowed an almost total shutdown of energy output in the Gulf of Mexico after the p...

Wall Street declines on global economic worries, Madlen Read

Wall Street declined in skittish trading Wednesday, with investors still unsettled about the economy ahead of Friday's employment report and only somewhat relieved about sl...

Dollar mixed, gold rises in Europe

The U.S. dollar was mixed against other major currencies in European trading Wednesday. Gold rose.The euro traded at $1.4450, down from $1.4518 late Tuesday in New Y...

SEC accuses 2 brokers of $1B subprime fraud

Federal regulators on Wednesday accused two former Wall Street brokers of defrauding their customers by making more than $1 billion in unauthorized purchases of securities ...

Big retailers offering more organic beauty items

Organic personal care products are sprouting up at more mass retail outlets. Here are some examples:_ Target expanded its beauty aisles this year to include nine nat...

Natural personal care items grow in popularity, Betsy Vereckey

One whiff of a "bath bomb" and Latoya Bembry was hooked.Friends introduced her to Lush, the company that makes the quirky natural product in options like Sex Bomb an...

AT&T wireless data network goes out in East

AT&T Inc.'s wireless data network was down Wednesday morning in parts of the eastern U.S., according to user reports and the company.AT&T spokesman Michael C...

Agriculture futures trade mostly lower on CBOT

Agriculture futures traded mostly lower Wednesday on the Chicago Board of Trade.Wheat for September delivery rose 8 cents to $7.7475 a bushel; December corn fell 7 c...

Wall Street wavers on economic worries, Madlen Read

Wall Street fluctuated Wednesday, with investors relieved about falling commodities prices but still unsettled about the uncertainty surrounding the economy.The Comm...

Stocks modestly lower after rise in factory orders, Madlen Read

Stocks are modestly lower after the government said factory orders rose by more than expected in July.The report appears to be giving a bit of relief to investors co...

New music site gives fans a cut of tune sales, Rachel Metz

Being a trendsetter can be pricey. As any fashionista or gadget hound knows, the latest frocks and tech toys don't pay for themselves. But a new Web site is trying to make ...

Factory orders see wide gains led by aircraft, Martin Crutsinger

Orders to U.S. factories rose by a larger-than-expected amount in July as demand for commercial aircraft, heavy machinery and iron and steel all posted solid gains.T...

Corning lowers 3Q earnings, sales outlook

Shares of Corning Inc. tumbled 12.6 percent to a three-year low Wednesday after the company lowered its third-quarter sales and profit guidance to reflect a bigger-than-exp...

CEO of embattled Web-tracking firm NebuAd leaves, Peter Svensson

The chief executive of NebuAd Inc., whose Web tracking technology raised a privacy backlash, has left the company to be chief financial officer at Verifone Holdings Inc., a...

Stocks fall ahead of auto sales, factory orders, Madlen Read

Stocks declined moderately in early trading Wednesday, with investors again appearing more concerned about the weak economy than relieved about falling commodities prices.<...

Euro economy contracts in 2Q on falling exports, Aoife White

Falling exports and lower household spending caused a 0.2 percent second-quarter decline in the economy of the 15 nations that share the euro currency, European Union stati...

Stocks open modestly lower ahead of data, Madlen Read

Wall Street is down modestly in early trading, with investors cautiously awaiting a fresh snapshot of the manufacturing sector from the Commerce Department's report on fact...

GM extends employee discounts through September

General Motors Corp. said Wednesday it is extending its employee-pricing discount through the end of the month, saying the program's two-week run has been highly successful...

Summary Box: Review finds Chrome lacking polish

GOOGLE'S BROWSER: Chrome has the right bells and whistles and a few cosmetic enhancements over its main rivals, Firefox and Internet Explorer. But under the hood its perfor...

2 journalists attacked, 1 killed in Russia, Sergei Venyavsky

One journalist was shot and killed and another was left with a fractured skull after a beating in Russia's troubled North Caucasus, and police and co-workers said Wednesday...

Stocks head to lower open ahead of data, Joe Bel Bruno

Wall Street headed for a lower open Wednesday as investors' concerns about the health of the economy and financial sector again outweighed the impact of falling commodities...

Review: Google Chrome lacks polish under the hood, Peter Svensson

Google Inc.'s new Web browser, called Chrome, does much of what a browser needs to do these days: It presents a sleek appearance, groups pages into easy-to-manage "tabs" an...

Lehman, Exxon, Google, GM, BofA are big movers

Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and Nasdaq Stock Market:NYSELehman Brothers Holdings Inc., up 4 cents...

Google polishes product line with Chrome browser, Michael Liedtke

The new Web browser that Google Inc. released Tuesday is designed to expand its huge lead in the Internet search market and reduce Microsoft Corp.'s imprint on personal com...

VMware EVP of R&D goes back to Oracle

Software company VMware Inc. said Tuesday that its executive vice president of research and development, Richard Sarwal, has resigned.Sarwal is returning to Oracle C...

Retailers slash prices, but at what cost?, Anne D'innocenzio

In a bid to pull hesitant shoppers into their stores, retailers are slashing prices on everything from jeans to dinnerware. But those fat discounts will likely come at a bi...

Boeing workers to vote today on new contract, Tim Klass

The workers who assemble The Boeing Co.'s commercial planes and some of its key components prepared to vote Wednesday on the company's "best and final" contract offer, with...

ArcelorMittal to develop South African mine

The world's largest steel maker ArcelorMittal SA said Wednesday it would jointly develop a manganese mine in South Africa in a deal worth $432.5 million.Keen to secu...

EU: Euro economy shrinks on falling exports, Aoife White

Falling exports and lower household spending caused the euro economy to shrink by 0.2 percent in the second quarter, EU statistics showed Wednesday.High fuel and foo...

Biofuel researchers look for the good in stinkweed, Michael Hill

The request caught dairy farmer Brian Ziehm off guard: Would he devote an acre of his fields near the Vermont line this fall to grow stinkweed?"It was like, 'What th...

US stocks head to lower open ahead of data, Joe Bel Bruno

Wall Street headed for a slightly lower open Wednesday as investors' concerns about the health of the economy and financial sector again canceled out the impact of falling ...

AP Executive Morning Briefing

The top business news from The Associated Press for the morning of Wednesday, September 3, 2008:Coca-Cola offers $2.5 bln to buy China juice makerHONG KONG (A...

Staples 2Q profit drops 16 percent

Slowing sales, falling foot traffic in North American stores and penny-pinching customers combined to drag down Staples Inc.'s second-quarter profit by 16 percent, but a ma...

Oil falls on global demand fears, stronger dollar, Pablo Gorondi

Oil prices extended their losses Wednesday, a day after plunging nearly $6 a barrel, as oil market traders shifted their attention from tropical weather to a stronger dolla...

New eBay site has social, environmental aim, Rachel Metz

Most consumers probably associate eBay Inc. more with vintage lunch boxes and low-priced electronics than with laptop bags made from recycled plastic by women in New Delhi....

Report: KDB seeking 25 percent of Lehman Brothers, Kelly Olsen

State-owned Korea Development Bank has made a proposal to acquire 25 percent of U.S. investment bank Lehman Brothers for as much as $5.3 billion, a newspaper reported Wedne...

RV makers not likely to see Katrina boom repeat, Dan Strumpf

After Hurricane Katrina devastated the Gulf Coast in 2005, at least one industry got a lift: recreational vehicle makers, who benefited from the more than $1 billion spent ...

Boeing production workers in contract vote, Tim Klass

The workers who assemble The Boeing Co.'s commercial planes and some of its key components prepared to vote Wednesday on the company's "best and final" contract offer, with...

Coca-Cola offers to buy Huiyuan in $2.5B deal, Jeremiah Marquez

The Coca-Cola Co., the world's biggest beverage company, moved to expand its operations in the fast-growing Chinese market Wednesday with a $2.5 billion bid for major juice...

Oil falls in Asia on global demand concerns, Alex Kennedy

Oil prices dipped below US$108 a barrel Wednesday as investors shifted attention to concern over slowing global demand for crude after Hurricane Gustav left oil installatio...

WRAPUP 13-Palin touts small-town roots, rips Obama

* Palin appears at Republican convention * She comes out swinging against Obama * Republicans nominate McCain, Palin * Democrats condemn "divisive, pa...

Republican McCain nominated for U.S. president

ST. PAUL (Reuters) - John McCain was nominatedWednesday as the Republican candidate in the Nov. 4presidential election against Democratic Sen. Barack Obama. McCain,...

WRAPUP 12-Palin touts small-town roots, rips Obama

* Palin appears at Republican convention * She comes out swinging against Obama * McCain defends choice of Palin By John Whitesides, Political ...

GLOBAL MARKETS-Asia shares hit 2-yr low on global slowdown fears, Rafael Nam

HONG KONG, Sept 4 (Reuters) - Asian shares fell to newtwo-year lows on Thursday as further signs of a slowing globaleconomy -- from the euro zone to Japan -- hit sectors, ...

WRAPUP 11-Palin touts small-town roots, rips Obama

* Palin appears at Republican convention * She comes out swinging against Obama * McCain defends choice of Palin By John Whitesides, Political ...

WRAPUP 10-Palin touts small-town roots, slaps Obama

* Palin readies big speech to convention * McCain defends Palin against critics * McCain arrives in Minnesota, greets Palin By John Whitesides,...

FACTBOX-Quotes from the U.S. Republican convention

(Reuters) - Quotes from the third day of the U.S.Republican convention in St. Paul, Minnesota: "Our opponents say, again and again, that drilling will notsol...

WRAPUP 9-Palin defends qualifications, slaps Obama

* Palin readies big speech to convention * McCain defends Palin against critics * McCain arrives in Minnesota, greets Palin By John Whitesides,...

EXCLUSIVE-NY subpoenas BofA execs over auction-rate debt, Joseph A. Giannone

NEW YORK (Reuters) - The New York attorneygeneral's office is issuing subpoenas to several Bank ofAmerica Corp executives as the state broadens its probe intothe bank's ma...

WRAPUP 8-Palin defends experience, slaps Obama

* Palin works on big speech to convention * McCain defends Palin against critics * McCain arrives in Minnesota, greets Palin By John Whitesides...

US says its arms exports boomed this year, Jim Wolf

WASHINGTON (Reuters) - U.S. government-brokeredoverseas arms sales are expected to total about $34 billion inthe current fiscal year, up more than 45 percent from the year...

Palin takes swipe at Obama in big speech

ST. PAUL (Reuters) - Republican vice presidentialcandidate Sarah Palin took a swipe at Democrat Barack Obama'slevel of experience Wednesday and hit back at criticism ofher...

WRAPUP 7-Palin prepares for first time in spotlight

* Palin works on big speech to convention * Republicans fight back against critics * McCain arrives in Minnesota, greets Palin By John Whitesid...

California police cars idled amid high pump prices

SAN FRANCISCO (Reuters) - Police in California'scapital of Sacramento will idle more than a third of theirsquad cars this month due to high gasoline prices and a trimmedbu...

INTERVIEW-US Navy's Winter stresses need for reliable ships

* Stresses need for refocusing on reliability * Sees LCS cost savings longer term * Georgia conflict shows need for broad weapons portfolio By ...

US STOCKS- Global growth worries rattle Wall St; Dow rises

* Worries about global economy weigh on stocks * Techs fall on worries about global tech spending * Fed's Beige Book: activity slows, some price reliefGLOBAL MARKETS-Dollar climbs as economic worries hit markets, Herbert Lash

* Fears of slower global economy hit equities * Global jitters boost dollar; euro slides to 8-month low * Oil slips on slowing U.S. demand, little Gustav dam...

US STOCKS-Global growth concerns unsettle Wall St

NEW YORK (Reuters) - The S&P 500 and Nasdaq stockindexes fell Wednesday as signs of increasingly sluggishgrowth in the United States and the rest of the world rattledi...

WRAPUP 6-Palin tries to silence media storm in debut

* Palin works on big speech to convention * Republicans fight back against critics * McCain arrives in Minnesota, greets Palin By John Whitesid...

Americans cut down on summer driving - Mastercard, Rebekah Kebede

NEW YORK (Reuters) - Americans' legendary love ofthe open road appeared to be on the wane this summer as theyconfronted escalating fuel prices and a weakening economy....

Boeing machinists vote on contract, threaten strike

(Adds quotes, details from workers at Everett, Washingtonplant) By Bill Rigby NEW YORK (Reuters) - Almost 27,000 Boeing Coworkers are voting on the plane mak...

Oil slips on soft demand, Gustav threat passes

* Traders eye weak demand as Gustav threat eases * Storms Hanna, Ike developing in Atlantic * U.S. data Thursday seen showing crude build (Updates prices wit...

US STOCKS-Global growth concerns rattle Wall St, tech weak

* Worries about global economy weigh on stocks * Techs fall on worries about global tech spending * Fed's Beige Book: activity slows, some price reliefWRAPUP 5-Palin tries to silence media storm in debut

* Palin works on big speech to convention * Republicans fight back against critics * McCain arrives in Minnesota, greets Palin By John Whitesid...

Syria pledges to help France solve Iran dispute, Khaled Yacoub Oweis And Francois Murphy

DAMASCUS, Sept 3 (Reuters) - Syrian President Basharal-Assad said on Wednesday any attack on Iran would be adisaster and pledged to help find a peaceful solution to thenuc...

Oil falls on demand, Gustav threat passes

* Traders eye weak demand as Gustav threat eases * Storms Hanna, Ike developing in Atlantic * U.S. data Thursday seen showing crude build (Corrects final par...

Syria warns of global "disaster" if Iran attacked

DAMASCUS, Sept 3 (Reuters) - Syrian President Basharal-Assad warned on Wednesday that any attack on Iran would be a"disaster", pledging to help find a peaceful solution be...

US Gulf refineries at mercy of battered power grid, Erwin Seba

MERAUX, La. (Reuters) - The normally bustlingMurphy Oil Corp refinery in Meraux, Louisiana, stood ineerie silence Wednesday, apparently undamaged but paralyzedby a lack of...

GLOBAL MARKETS-Global growth fears hit stocks, oil; dollar up

(Recasts with U.S. markets, adds byline; changes dateline;previous LONDON) By Herbert Lash * Global stocks slide on fears economic growth is slowing *...

France's Sarkozy meets Syria's Assad to boost ties, Khaled Yacoub Oweis And Francois Murphy

DAMASCUS, Sept 3 (Reuters) - French President NicolasSarkozy met Syrian President Bashar al-Assad on Wednesday on avisit that should help efforts by Damascus to rejoin the...

US STOCKS-Global growth worries push Wall St lower

(Corrects in 2nd paragraph to show that euro zone economyshrank 0.2 percent, not 10.2 percent) * Worries about global economy weigh on stocks * Tech bellweth...

US STOCKS-Wall St extends losses, Nasdaq drops 1 pct

NEW YORK (Reuters) - U.S. stocks extended losses onWednesday as fear of slowing global growth sent the Nasdaq downmore than 1 percent. Investors sold tech bellwethe...

US STOCKS-Market flat; economic worry offsets energy

* Economic worry weighs on stocks * Exxon Mobil leads energy shares * Hedge fund closure fuels caution * Dow off 0.1 pct, S&P 500 off 0.2 pct, Nas...

Venezuela urges OPEC output cut - Ecuador oil min

QUITO, Sept 3 (Reuters) - Venezuela will propose that OPECcut world oil production at the organization's meeting nextweek, Ecuador's Oil Minister Galo Chiriboga said on We...

Cheney gives Caucasus allies message of support

BAKU, Sept 3 (Reuters) - The United States has a deepinterest in the wellbeing of its allies in the Caucasus region,U.S. Vice President Dick Cheney said on Wednesday durin...

Boeing machinists vote on contract, urged to strike, Bill Rig

NEW YORK (Reuters) - Almost 27,000 Boeing Coworkers are set to vote on the plane maker's latest three-yearcontract offer Wednesday, urged by their union to reject itand wa...

LA's fast-food ban draws headlines -- and skepticism, Lisa Baertlein And Dan Whitcomb

LOS ANGELES (Reuters) - A ban on new fast-foodrestaurants in poor Los Angeles neighborhoods has madeheadlines around the world, but residents say they don't planto give up...

Sarkozy arrives in Syria to boost ties, Khaled Yacoub Oweis And Francois Murphy

DAMASCUS, Sept 3 (Reuters) - French President NicolasSarkozy arrived in Syria on Wednesday on a visit that will boostDamascus's efforts to rejoin the international fold an...

Cheney gives ex-Soviet allies message of support

BAKU, Sept 3 (Reuters) - U.S. Vice President Dick Cheneysaid during a visit to Azerbaijan on Wednesday that the UnitedStates had a deep interest in the wellbeing of its al...

CHENEY SAYS MESSAGE TO ALLIES IN SOUTH CAUCASUS REGION IS THAT U

CHENEY SAYS MESSAGE TO ALLIES IN SOUTH CAUCASUS REGION IS THATU.S. HAS "DEEP" INTEREST IN THEIR WELLBEING...

US STOCKS-Market briefly rises on data, then swoons again

NEW YORK (Reuters) - U.S. stocks briefly rose inchoppy trade Wednesday on a government report that showed arise in factory orders, but the market quickly resumed itsslide....

N.Korea begins reassembling nuclear facility - media

TOKYO, Sept 3 (Reuters) - North Korea has begunreassembling its Yongbyon reactor that can make material foratomic bombs in violation of U.S. conditions for improveddiploma...

US STOCKS-Wall St opens lower on economy, financial worry

NEW YORK (Reuters) - U.S. stocks dippedWednesday as investors fretted about the economy's health andthe outlook for the beleaguered financial services sector. News ...

US STOCKS-Wall St set to open lower on economy worry

(Corrects to remove reference to the oil inventories in lastparagraph, which will be released on Thursday. The referencealso appeared in an earlier report.) ...

Airline industry to extend losses in 2009-IATA

GENEVA, Sept 3 (Reuters) - The global airline industry isset to post losses of $5.2 billion this year and $4.1 billion in2009 as high oil prices take a toll, the Internati...

GLOBAL MARKETS-Growth fears hit oil, stocks; dollar firms

* MSCI world equity index down 0.8 percent at 330.30 * Economic worries drive oil, stocks, European FX lower * Dollar hits 11-month high, government bonds fi...

US STOCKS-Futures drop as Lehman, fund fallout weigh

* Hedge fund closure casts pall on financials, Lehman * Auto sales, factory orders, Beige Book on tap * U.S. inventory data eyed for impact on oil...

US STOCKS-Market slides, led by energy, tech companies

* Market extends losses in afternoon trading * Tech shares fall on global slowdown jitters * Oil sinks to five-month low as Gustav spares production *...

FACBOX-Key facts on Angola

Sept 3 (Reuters) - Angola holds elections for the first timein sixteen years on Friday. Here are some key facts about Angola: OFFICIAL NAME: Republic...