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• Wall Street gains on housing and jobless data (Reuters)
• Burger King agrees to be sold for $3.26 billion (Reuters)
• Bernanke cites "sadness" in letting Lehman fail (Reuters)
• HP wins 3PAR for $2.4 billion, Dell bows out (Reuters)
• Pending homes sales rise and jobless claims dip (Reuters)
• Equities make bright start to September (AFP)
• Mortgage rates hit decades-low of 4.32 percent (AP)
• Del Monte 1Q profit edges up, but revenue slips (AP)
• German car exports up 12 percent in August (AP)
• Mortgage rates hit record low: Freddie Mac (Reuters)
• IMF, World Bank step up aid to Pakistan (AFP)
• Discounts, heat fuel August retail sales beat (Reuters)
• Pending home sales rise 5.2 percent in July (AP)
• Gulf oil platform explodes, burning off La. coast (AP)
• Pending home sales rise 5.2 percent in July (Reuters)
• China auto sales rebound to grow 56 percent in Aug (AP)
• A Dearth of Work for China's College Grads (BusinessWeek)

Wall Street gains on housing and jobless data (Reuters) Posted: 02 Sep 2010 08:00 AM PDT Reuters - Stocks rose on Thursday, building on their best day in eight weeks in the previous session, as data showed pending home sales improved and initial jobless claims declined.

Burger King agrees to be sold for $3.26 billion (Reuters) Posted: 02 Sep 2010 08:32 AM PDT Reuters - Burger King Holdings Inc , the No. 2 U.S. fast-food chain, agreed to sell itself to investment firm 3G Capital for about $3.26 billion in a deal analysts said would give the restaurant breathing room to fix its business.

Bernanke cites "sadness" in letting Lehman fail (Reuters) Posted: 02 Sep 2010 08:03 AM PDT Reuters - Federal Reserve Chairman Ben Bernanke said on Thursday he could not have legally saved Lehman Brothers from bankruptcy and the firm's catastrophic failure in 2008 was a source of sadness.

HP wins 3PAR for $2.4 billion, Dell bows out (Reuters) Posted: 02 Sep 2010 08:28 AM PDT Reuters - Hewlett-Packard Co won the bidding war to buy data storage company 3PAR Inc for $2.4 billion, after rival Dell Inc bowed out from a drawn-out bidding war on Thursday.

Pending homes sales rise and jobless claims dip (Reuters) Posted: 02 Sep 2010 08:21 AM PDT Reuters - Pending sales of previously owned U.S. homes rebounded unexpectedly in July and new claims for jobless benefits fell last week, hopeful signs for the sputtering economic recovery.

Equities make bright start to September (AFP) Posted: 01 Sep 2010 04:16 AM PDT AFP - Asian and European stocks rose on Wednesday, lifted by bargain-hunting and upbeat data, as dealers set aside Wall Street's worst August performance in nine years amid stubborn US recovery doubts.

Mortgage rates hit decades-low of 4.32 percent (AP) Posted: 02 Sep 2010 07:27 AM PDT AP - Mortgage rates fell to the lowest level in decades for the tenth time in 11 weeks, as investors worried about the economy.

Del Monte 1Q profit edges up, but revenue slips (AP) Posted: 02 Sep 2010 07:34 AM PDT AP - Del Monte Foods Co. said Thursday that its fiscal first-quarter profit edged up 1.4 percent, but revenue softened on weakness in the consumer business and the company trimmed its expectations for revenue growth this year.

German car exports up 12 percent in August (AP) Posted: 02 Sep 2010 05:26 AM PDT AP - German car exports kept growing in August as a healthier global economy fueled sales abroad, helping push up production, an industry group said Thursday.

Mortgage rates hit record low: Freddie Mac (Reuters) Posted: 02 Sep 2010 08:25 AM PDT Reuters - U.S. mortgage rates fell in the past week to the latest in a series of record lows as yields on government debt dropped, according to a survey released on Thursday by Freddie Mac, the second-largest U.S. mortgage finance company.

IMF, World Bank step up aid to Pakistan (AFP) Posted: 02 Sep 2010 09:01 AM PDT AFP - The IMF and the World Bank have stepped up aid to flood-hit Pakistan to help the country cope with its worst-ever humanitarian disaster, officials said Thursday.

Discounts, heat fuel August retail sales beat (Reuters) Posted: 02 Sep 2010 08:57 AM PDT Reuters - U.S. retailers posted sales that beat modest expectations in August as consumers sought out bargains during the key back-to-school selling season.

Pending home sales rise 5.2 percent in July (AP) Posted: 02 Sep 2010 08:23 AM PDT AP - The number of buyers who signed contracts to purchase previously occupied homes increased in July but remained well below last year's levels, a sign that demand for housing remains weak.

Gulf oil platform explodes, burning off La. coast (AP) Posted: 02 Sep 2010 09:17 AM PDT AP - An offshore petroleum platform exploded and was burning Thursday in the Gulf of Mexico about 80 miles off the Louisiana coast, west of the site where BP's undersea well spilled after a rig explosion.

Pending home sales rise 5.2 percent in July (Reuters) Posted: 02 Sep 2010 07:12 AM PDT Reuters - Pending sales of previously owned U.S. homes rose unexpectedly in July, an industry group said on Thursday, suggesting a tax credit-related housing market decline was close to bottoming.

China auto sales rebound to grow 56 percent in Aug (AP) Posted: 01 Sep 2010 10:38 PM PDT AP - Auto sales in China, the world's biggest car market, rebounded in August as subsidies for energy-efficient vehicles and a stronger currency spurred demand, while sales in the U.S. faltered.

A Dearth of Work for China's College Grads (BusinessWeek) Posted: 02 Sep 2010 05:08 AM PDT BusinessWeek - The job hunt came as a shock. The 23-year-old job seeker graduated in June from a good school -- Beijing University of Technology -- with a bachelor's degree in materials science, a subject he figured would appeal to employers. Yet he had to go through scores of interviews and comb the online job sites endlessly before landing a job at a local trading company. Happy ending? Barely. The pay, $368 a month, is meager by Beijing standards, so he has had to move back in with his parents and he's too ashamed about the outcome of his job search to give his name. ...

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