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Yahoo! News: Business News
Wall Street gains on housing and jobless data (Reuters) $\"Traders$ 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) $\"A$ 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) $\"U.S.$ 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) $\"The$ 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) $\"A$ 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) $\"A$ 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.
Bernanke says \'too-big-to-fail\' must end (AFP) $\"Federal$ AFP - The most important lesson to come from the financial crisis is that banks must not be allowed to become \"too-big-to-fail,\" Federal Reserve chairman Ben Bernanke said Thursday.
Del Monte 1Q profit edges up, but revenue slips (AP) 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) 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) 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) $\"Pakistanis$ AFP - The IMF and the World Bank have stepped up aid to flood-hit Pakistan to help it cope with its worst-ever humanitarian disaster, officials said Thursday.
Discounts, heat fuel August retail sales beat (Reuters) $\"Shoppers$ Reuters - U.S. retailers posted better-than-expected sales 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) $\"In$ 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.
Risks remain with Gulf well cap coming off (AP) $\"FILE$ AP - The cap that ended BP\'s three-month oil leak in the Gulf of Mexico was set to come off Thursday as a prelude to raising a massive, failed piece of equipment and preparing for a final seal on the broken seafloor well.
No bank account? Get your tax refund on plastic (AP) AP - A new Treasury Department program to give people without bank accounts faster access to their tax refunds will help some avoid costly short-term loans. But careless consumers could end up racking up fees and padding bank profits.
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