IMF to give Pakistan $450 mln in flood aid (Reuters)

Flood victims left without receiving aid for three days reach for food handouts donated by a group calling themselves Muslim brothers in Pakistan's Muzaffargarh district of Punjab province September 2, 2010. REUTERS/Damir SagoljReuters – The International Monetary Fund will give Pakistan $450 million in emergency flood aid and disburse funds in September to help the country’s economy cope with the devastation, the head of the IMF said on Thursday.


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From Apple, a Step Into Social Media for Music – New York Times


CBC.ca
From Apple, a Step Into Social Media for Music
New York Times
SAN FRANCISCO — Apple jumped into the social networking business on Wednesday, introducing Ping, a service built into iTunes that is intended to help users discover new music and, presumably, buy more songs from Apple.
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Amazon eyes subscription Web TV service (Reuters)

Reuters – Amazon.com Inc has approached media companies with a proposal for a subscription service that gives users unlimited access to some television shows and movies over the Internet in a bid to rival Netflix Inc, two people familiar with the talks said on Tuesday.

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Chrysler dealers hear plans to sell Fiat minicars (AP)

FILE - In this file photograph made Nov. 4, 2009, the Fiat 500 is seen next to a Town & Country minivan and a Dodge Ram truck at the Chrysler Group LLC headquarters in Auburn Hills, Mich. Chrysler is telling hundreds of dealers Monday, Aug. 30, 2010, about plans to sell the Fiat 500 minicar in big cities across the U.S. (AP Photo/Carlos Osorio, file)AP – Fiat is coming back to the U.S. after a 30-year absence, and now Chrysler Group dealers have to decide whether they want to sell the Italian brand that initially will offer just one model, the tiny Fiat 500.


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BHP could sell some Potash Corp assets (Reuters)

Alex Vanselow, chief financial officer of BHP Billiton, speaks during a media briefing in Sydney August 25, 2010. REUTERS/Daniel MunozReuters – Global miner BHP Billiton could look to divest the nitrogen and phosphates business of fertilizer maker Potash Corp if its $39 billion bid goes through, the company has told analysts.


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Microsoft cofounder sues IT heavyweights

A company owned by Microsoft co-founder Paul Allen has blasted Apple, Facebook, Google, YouTube, Yahoo and others with a patent infringement lawsuit filed in a US court.

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California lawmakers to vote on budget plans (Reuters)

Reuters – California lawmakers will vote on rival plans for closing a $19 billion deficit and balancing the state’s budget on Tuesday, the last day of their legislative session, aides said on Friday.

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Japan consumer prices fall, deepening deflation (AP)

AP – Japan says its consumer prices fell for the 17th straight month in July, as deflation kept a tight grip on the economy.

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Google’s Gmail offers free calls

Google takes on Skype by offering free and cheap calls from its free web-based email service, Gmail.

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Japan may mull solo yen-selling intervention: report

TOKYO (Reuters) – Japan’s Ministry of Finance may consider unilateral yen-selling market intervention if speculators drive up the currency, the Nikkei newspaper reported, after failed attempts to verbally curb sharp yen gains.



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Japan may mull solo yen-selling intervention: report (Reuters)

Reuters – Japan’s Ministry of Finance may consider unilateral yen-selling market intervention if speculators drive up the currency, the Nikkei newspaper reported, after failed attempts to verbally curb sharp yen gains.

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Japan’s Government Bonds May Rise as Stronger Yen Spurs Easing Speculation – Bloomberg


Telegraph.co.uk
Japan's Government Bonds May Rise as Stronger Yen Spurs Easing Speculation
Bloomberg
Japanese bonds may rise for a second day after the yen's surge to a 15-year high boosted speculation the central bank will ease monetary policy. Benchmark 10-year yields are likely to seek a
Japan may mull solo yen-selling intervention -NikkeiReuters
Yen jumps to 15-year high against the dollar, helped by safe-haven bidsMarketWatch
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Home sales at 15-year lows

WASHINGTON (Reuters) – Sales of previously owned U.S. homes took a record plunge in July to their slowest pace in 15 years, underlining the housing market’s struggle to find its footing without government aid.



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Jeep fuel tanks targeted in probe – Los Angeles Times


Washington Post
Jeep fuel tanks targeted in probe
Los Angeles Times
Federal officials launch an investigation of possible defects in the Grand Cherokee that could cause leaks and fires in rear-end crashes. By Nathan Olivarez-Giles, Los Angeles Times Federal safety officials have launched an investigation into reports
US probes old Jeep Grand Cherokees for fire riskReuters
NHTSA investigates gas tank fire risk for 1993-2004 Jeep Grand CherokeeUSA Today
Summary Box: Feds Probe Jeep Grand CherokeeABC News
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Stimulus Added Millions of Jobs in Q2 – ABC News


CBS News
Stimulus Added Millions of Jobs in Q2
ABC News
WASHINGTON (Reuters) – The massive US stimulus package put millions of people to work and boosted national output by hundreds of billions of dollars in the second quarter, the nonpartisan Congressional Budget Office said on Tuesday.
Stimulus Boosted Jobs in 2nd Quarter, CBO SaysWall Street Journal
US stimulus boosted growth by up to 4.5%Financial Times
CBO says stimulus may have added 3.3 million jobsWashington Post (blog)
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