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Stocks rally as jobs data spurs optimism
(Reuters)
| <p><a href="http://us.rd.yahoo.com/dailynews/rss/business/*http://news.yahoo.com/s/nm/20100903/bs_nm/us_markets_stocks"><img src="http://d.yimg.com/a/p/rids/20100902/i/r3482938266.jpg?x=130&y=86&q=85&sig=4xkueiHBmxAcLDCe3TPrSw--" align="left" height="86" width="130" alt="Traders work on the floor of the New York Stock Exchange, August 31, 2010. REUTERS/Brendan McDermid" border="0" /></a>Reuters - Wall Street closed a stellar week on Friday after recent economic data, including a stronger-than-expected labor market report, bolstered optimism that the economy would not fall back into recession.</p><br clear="all"/>
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Taxpayers likely to face initial loss on GM IPO: sources
(Reuters)
| <p><a href="http://us.rd.yahoo.com/dailynews/rss/business/*http://news.yahoo.com/s/nm/20100903/bs_nm/us_gm_ipo"><img src="http://d.yimg.com/a/p/ap/20100903/capt.03546a1f0f8844abaa9740d98f4037df-03546a1f0f8844abaa9740d98f4037df-0.jpg?x=92&y=130&q=85&sig=KJF.NTF2KYNqnmpbK4GJ8A--" align="left" height="130" width="92" alt="FILE - In this June 13, 2010 file photo, Tim Allen arrives at the world premiere of 'Toy Story 3,' at The El Capitan Theater in Los Angeles. General Motors Co. said Friday, Sept. 3, 2010, Tim Allen will be a spokesman for the brand and will star in a series of TV ads for the 2011 Chevrolet Cruze that begin airing on Tuesday. (AP Photo/Katy Winn, file)" border="0" /></a>Reuters - The U.S. government is likely to take a loss on General Motors Co in the first offering of the automaker's stock, six people familiar with preparations for the landmark IPO said.</p><br clear="all"/>
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China tells state companies to explore Potash bid
(Reuters)
| <p><a href="http://us.rd.yahoo.com/dailynews/rss/business/*http://news.yahoo.com/s/nm/20100904/bs_nm/us_potashcorp"><img src="http://d.yimg.com/a/p/rids/20100903/i/r2125372004.jpg?x=130&y=86&q=85&sig=iR6UibJAWrNaB2b5wlmsfw--" align="left" height="86" width="130" alt="Potash Corp mill general superintendent Trevor Berg holds a handful of chicklet potash inside the Cory mine facilities near Saskatoon August 19, 2010. REUTERS/David Stobbe" border="0" /></a>Reuters - Chinese officials have ordered state companies to meet investment bankers to explore ways to block BHP Billiton's $39 billion bid for Potash Corp, a source with direct knowledge of the matter said.</p><br clear="all"/>
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Japan Noda warns on yen, suggests joint steps difficult
(Reuters)
| Reuters - Japanese Finance Minister Yoshihiko Noda said on Saturday Tokyo would take decisive steps to stem the yen's rise when needed, while suggesting that coordinated currency market intervention was a difficult option.
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Payrolls data offer ray of hope for recovery
(Reuters)
| <p><a href="http://us.rd.yahoo.com/dailynews/rss/business/*http://news.yahoo.com/s/nm/20100903/bs_nm/us_usa_economy"><img src="http://d.yimg.com/a/p/rids/20100903/i/r2674788352.jpg?x=130&y=82&q=85&sig=9J7iJJ1alfrjV.gfrcDSbA--" align="left" height="82" width="130" alt="People wait in line to enter the City University of New York (CUNY) Big Apple job fair in New York, April 23, 2010. REUTERS/Shannon Stapleton" border="0" /></a>Reuters - U.S. employment fell for a third straight month in August, but the drop was far less than expected and private hiring was a positive surprise, relieving concerns about a stalling economic recovery.</p><br clear="all"/>
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European stocks drop before ECB rate call
(AFP)
| <p><a href="http://us.rd.yahoo.com/dailynews/rss/business/*http://news.yahoo.com/s/afp/20100902/bs_afp/stockseurope"><img src="http://d.yimg.com/a/p/afp/20100902/capt.photo_1282907071394-1-0.jpg?x=130&y=83&q=85&sig=MrZeGGFqjuQx6u0cmKAv7Q--" align="left" height="83" width="130" alt="File photo of a trader at the Frankfurt stock exchange. European stock markets slid on Thursday as investors took profits from recent gains amid caution before the latest interest rate decision from the European Central Bank.(AFP/DDP/File/Martin Oeser)" border="0" /></a>AFP - European stock markets slid on Thursday as investors took profits from recent gains amid caution before the latest interest rate decision from the European Central Bank.</p><br clear="all"/>
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Service sector grows at slower pace in August
(AP)
| <p><a href="http://us.rd.yahoo.com/dailynews/rss/business/*http://news.yahoo.com/s/ap/20100903/ap_on_bi_ge/us_economy_services"><img src="http://d.yimg.com/a/p/ap/20100903/capt.3e8fca3d32964f479eef4b0c1ea8c7a9-3e8fca3d32964f479eef4b0c1ea8c7a9-0.jpg?x=130&y=83&q=85&sig=4POoVXSufasMXzcxbFdI9Q--" align="left" height="83" width="130" alt="In this July 30, 2010 photo, Rajni Gupta and her children Anooshka, 10, and Kiril, 7, leave Aeropostale after shopping for back-to-school clothes, in New York. 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. (AP Photo/Mark Lennihan)" border="0" /></a>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.</p><br clear="all"/>
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Campbell reports Q4 profit rise on better margins
(AP)
| <p><a href="http://us.rd.yahoo.com/dailynews/rss/business/*http://news.yahoo.com/s/ap/20100903/ap_on_bi_ge/us_earns_campbell_soup"><img src="http://d.yimg.com/a/p/ap/20100903/capt.5081492f7662453a96309ac0365e5ec3-5081492f7662453a96309ac0365e5ec3-0.jpg?x=130&y=86&q=85&sig=Y3QIGAHf_ZRiJ0UNd_iPQA--" align="left" height="86" width="130" alt="In this June 19, 2010 photograph, people walk along inside the new building at the Campbell Soup Co. headquarters, in Camden, N.J. The Campbell Soup Co. said Friday, Sept. 3, 2010, it made a profit of $113, or 33 cents per share during the fourth fiscal quarter, when the temperature rises and its soup sales traditionally drop. (AP Photo/Mel Evans)" border="0" /></a>AP - Summer is rarely a hot sales season for Campbell Soup Co., and this year's sweltering June and July made that even more true, but the company said Friday that cost-cutting and strong drink sales helped its net income climb.</p><br clear="all"/>
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Experts see trouble ahead for developed world
(AP)
| <p><a href="http://us.rd.yahoo.com/dailynews/rss/business/*http://news.yahoo.com/s/ap/20100903/ap_on_bi_ge/eu_double_dip_recession"><img src="http://d.yimg.com/a/p/ap/20100903/capt.c06e72a850a2405cb6528bcd4b2ab3d1-d55310921ba84c4a96b75755c259b56b-0.jpg?x=130&y=86&q=85&sig=6bGepNFx9nmvrldjVz88Hw--" align="left" height="86" width="130" alt="Israeli President Shimon Peres, center, arrives for the 'Intelligence on the World, Europe, and Italy' economic forum, at Villa d'Este, in Cernobbio, on Lake Como, Italy, Friday, Sept. 3, 2010. (AP Photo/Luca Bruno)" border="0" /></a>AP - Is the global economy out of the woods? Two years after near-meltdown, with the U.S. looking sluggish, equity markets groggy and Europeans fighting a debt crisis, experts gathered in Italy offered a generally gloomy outlook — especially for the United States and much of the industrialized world.</p><br clear="all"/>
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Petrobras sells 64 bln dlrs of stock to fund oil exploration
(AFP)
| <p><a href="http://us.rd.yahoo.com/dailynews/rss/business/*http://news.yahoo.com/s/afp/20100903/bs_afp/brazileconomyoilindustrystocks"><img src="http://d.yimg.com/a/p/afp/20100903/capt.photo_1283519709697-1-0.jpg?x=88&y=130&q=85&sig=DEWTox5f8omu6a5vk6zi2Q--" align="left" height="130" width="88" alt="An oil platform off the coast of Brazil. Brazil's Petrobras unveiled one of the world's biggest share offerings Friday, a sale of up to 64 billion dollars in new stock to finance oil exploration aimed at turning Brazil into a leading oil exporter of the 21st century.(AFP/File/Antonio Scorza)" border="0" /></a>AFP - Brazil's Petrobras unveiled one of the world's biggest share offerings Friday, a sale of up to 64 billion dollars in new stock to finance oil exploration aimed at turning Brazil into a leading oil exporter of the 21st century.</p><br clear="all"/>
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Spending cuts before 2011 could hurt recovery: IMF, ILO
(AFP)
| <p><a href="http://us.rd.yahoo.com/dailynews/rss/business/*http://news.yahoo.com/s/afp/20100903/bs_afp/financeeconomybankrateimfilo"><img src="http://d.yimg.com/a/p/afp/20100903/capt.photo_1283536336555-1-0.jpg?x=105&y=130&q=85&sig=lQj5WdxzLP9vowSS2Kyr_w--" align="left" height="130" width="105" alt="The IMF and the UN labour agency are urging advanced economies not to cut government spending before 2011, warning that a move to tighten fiscal policies could hurt the global recovery.(IMF)" border="0" /></a>AFP - The IMF and the UN labour agency are urging advanced economies not to cut government spending before 2011, warning that a move to tighten fiscal policies could hurt the global recovery.</p><br clear="all"/>
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Exclusive: American Apparel in talks with restructuring firm
(Reuters)
| Reuters - Hipster brand American Apparel Inc is in talks to bring in an outside restructuring firm as the manufacturer and retailer struggles to fix its flagging operations, sources told Reuters on Friday.
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MGIC added $1.2B in mortgage coverage in August
(AP)
| AP - Private mortgage insurer Mortgage Guaranty Insurance Corp. said Friday it added $1.2 billion in new primary insurance coverage in August and the number of delinquent loans it insures declined.
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BP: Failed blowout preventer removed from well
(AP)
| <p><a href="http://us.rd.yahoo.com/dailynews/rss/business/*http://news.yahoo.com/s/ap/20100904/ap_on_bi_ge/us_gulf_oil_spill"><img src="http://d.yimg.com/a/p/ap/20100902/capt.bd749ee716b24675b431573f486271e6-bd749ee716b24675b431573f486271e6-0.jpg?x=130&y=57&q=85&sig=m97JldV_UE8mmJURP0EnsQ--" align="left" height="57" width="130" alt="FILE - In this July 14, 2010 combination of two file photos made from images taken from video provided by BP PLC oil flows from two of three valves on the new 75-ton cap atop the site of the Deepwater Horizon oil spill in the Gulf of Mexico at 17:04 CDT, left, and the top of the cap at 14:27 CDT on July 15, minutes after the flow of oil was choked off. Engineers plan Thursday, Sept. 2, 2010 to delicately remove the cap as a prelude to raising the massive piece of equipment underneath that failed to prevent the worst offshore oil spill in U.S. history. Plans were being made for oil collection vessels to be on standby in case of a problem. (AP Photo/BP PLC, File) NO SALES" border="0" /></a>AP - BP PLC said the blowout preventer that failed to stop oil from spewing into the Gulf of Mexico was removed from the company's well on Friday afternoon.</p><br clear="all"/>
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Stranded actor Paul Hogan in Australia tax deal
(Reuters)
| Reuters - Actor Paul Hogan, star of the "Crocodile Dundee" movies, has struck a deal with Australia's tax office which will allow him to return home to his family in Los Angeles, his lawyer said on Friday.
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Kia recalls tied to electrical issue
(Investor's Business Daily)
| Investor's Business Daily - The South Korean automaker is recalling 56,000 cars, the Soul and Sorento, sold in the U.S. and South Korea, because of defective wiring harnesses that could cause fires. Kia Motors said some harnesses made by Johnson Controls for lighting in '10 model-year Soul cars and 2011 model-year Sorento SUVs were improperly soldered, leading to possible electrical shorts. Kia's Soul sales had more than doubled through Aug. in the U.S. to nearly 44,000 units.
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Crafting a Career in Eco-Chic Jewelry
(BusinessWeek)
| BusinessWeek - Goldman Sachs may not have a lot of friends in the White House these days, but one of its former employees has made a good impression. After three years as an analyst in Goldman's fixed-income, currencies, and commodities division, Monique Pean began her own jewelry line that can now be found in Barneys, Jeffrey New York, and around the neck of Michelle Obama.
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