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Economic data damp down fears of new recession (Reuters)

A home for sale is seen in Great Falls, Virginia August 23, 2010. REUTERS/Kevin LamarqueReuters - Pending sales of previously owned U.S. homes rebounded unexpectedly in July and new claims for jobless benefits fell last week, helping quell fears the economy could face a double-dip recession.


Take-Two posts 3Q profit, revenue soars (AP)

AP - Video game publisher Take-Two Interactive Software Inc. posted better-than-expected results for its fiscal third quarter Thursday, reversing a loss as revenue more than tripled thanks to strong sales of "Red Dead Redemption" and other games.

Man in Letterman blackmail plot freed from NY jail (AP)

FILE-In a Nov.10, 2009 file photo, Robert 'Joe' Halderman, who tried to blackmail David Letterman over the comedian's office affairs, listens as his attorney Gerald Shargel speaks to the media outside Manhattan criminal court following his court appearance in New York. Halderman was released from a New York City jail Thursday, Sept. 2, 2010. He served four months of his six-month sentence and got time off for good behavior. (AP Photo/Louis Lanzano,File)AP - The former television producer who tried to blackmail David Letterman was freed Thursday after four months in jail for a plot that put a spotlight on the comic icon's office affairs, city Correction Department records show.


Oil platform explodes off La. coast, spreading oil (AP)

Boats are seen spraying water on an oil and gas platform that exploded in the Gulf of Mexico, off the coast of Louisiana., Thursday, Sept. 2, 2010. All 13 crew members were rescued.  (AP Photo/Gerald Herbert)AP - An oil platform exploded and caught fire Thursday off the Louisiana coast, spreading a mile-long oil sheen into the Gulf of Mexico. All 13 crew members were rescued from the water in their protective "Gumby suits."


Oil platform explodes off La. coast, spreading oil (AP)

Boats are seen spraying water on an oil and gas platform that exploded in the Gulf of Mexico, off the coast of Louisiana., Thursday, Sept. 2, 2010. All 13 crew members were rescued.  (AP Photo/Gerald Herbert)AP - An oil platform exploded and caught fire Thursday off the Louisiana coast, spreading a mile-long oil sheen into the Gulf of Mexico. All 13 crew members were rescued from the water in their protective "Gumby suits."


McCourt: Wife didn't risk of being a Dodgers owner (AP)

Jamie McCourt leaves court during a lunch break Thursday Sept. 2, 2010 in Los Angeles. Frank McCourt testified at his divorce trial, his estranged wife, Jamie McCourt, wanted no part in the risk associated with buying the Los Angeles Dodgers six years ago. (AP Photo/Nick Ut)AP - Former Dodger CEO Jamie McCourt didn't want to take the risk associated with buying the Los Angeles Dodgers six years ago and if she had, it would have adversely affected the team, her estranged husband testified Thursday at their divorce trial.


Analyst: GM plans to sell shares on Nov. 18 (AP)

A sale is advertised at a General Motors car dealership in Ferndale, Michigan in August 2010. General Motors has reported a nearly 25% slump in US sales in August compared to the same month a year earlier.(AFP/Getty Images/File/Bill Pugliano)AP - General Motors plans to start trading shares again on Nov. 18, timing that allows the company one more quarter of earnings to build its case to investors, a firm that researches initial public offerings said Thursday.


Sudan referendum body agrees post to end deadlock (Reuters)

Reuters - Sudan's referendum commission agreed on a key post on Thursday, ending a deadlock which has stalled plans for the January 9 southern vote on independence from the north against which it has fought decades of civil war.

Housing, jobless claims data lift Wall Street (Reuters)

Traders work on the floor of the New York Stock Exchange, August 31, 2010. REUTERS/Brendan McDermidReuters - Stocks rose on low volume on Thursday as data showed improvement in housing and the job market a day ahead of the critical monthly payrolls figures.


Pakistan players protest innocence in betting scam (AFP)

Pakistani cricketer Salman Butt (R) is escorted by a policeman through a scrum of media personnel outside the Pakistan High Commission in central London. Butt and the two other Pakistan cricketers accused of involvement in an illegal betting scam protested their innocence Thursday as they formally withdrew from the scandal-tainted tour of England.(AFP/Leon Neal)AFP - The three Pakistan cricketers accused of involvement in an illegal betting scam protested their innocence Thursday as they formally withdrew from the scandal-tainted tour of England.


Hamas among intractable issues in Mideast talks (AP)

Secretary of State Hillary Rodham Clinton looks on as Palestinian President Mahmoud Abbas, right, and Israeli Prime Minister Benjamin Netanyahu shake hands as she hosts the re-launch of direct negotiations, Thursday, Sept. 2, 2010, at the State Department in Washington. (AP Photo/Charles Dharapak)AP - To relaunch Middle East peace talks on Thursday, the Israeli and Palestinian leaders and their American mediators quietly agreed to push aside the question of Hamas — the Islamic militant group that controls one of the two Palestinian territories and rejects negotiations.


Hamas among intractable issues in Mideast talks (AP)

Secretary of State Hillary Rodham Clinton looks on as Palestinian President Mahmoud Abbas, right, and Israeli Prime Minister Benjamin Netanyahu shake hands as she hosts the re-launch of direct negotiations, Thursday, Sept. 2, 2010, at the State Department in Washington. (AP Photo/Charles Dharapak)AP - To relaunch Middle East peace talks on Thursday, the Israeli and Palestinian leaders and their American mediators quietly agreed to push aside the question of Hamas — the Islamic militant group that controls one of the two Palestinian territories and rejects negotiations.


Summary Box: ECB raises eurozone growth forecast (AP)

AP - OUTLOOK IMPROVES: The European Central Bank raised its growth projections for the 16-nation eurozone after better-than-expected economic news.

Co-worker: Suspect's girlfriend alive during chase (AP)

In this undated photo provided by the Hercules Police Department,  Efren Valdemoro is shown. Valdemoro, 38, was shot and killed by California Highway Patrol officers Tuesday, Aug. 31, 2010, after refusing to drop a large knife when the chase ended in a strip mall, police said. He was wanted in the death of a 73-year-old man last weekend. In the passenger seat of the car, officers found the body of his girlfriend, whose identity has not been released. She had suffered 'pretty serious head and neck injuries,' said CHP spokesman Sgt. Trent Cross.  (AP photo/Hercules Police Department via the San Francisco Chronicle)AP - The co-worker of a woman found dead in her boyfriend's car after a fatal California police chase said Thursday that she spoke with the victim during the pursuit.


Attorney accused in prison drug-smuggling case (AP)

AP - An FBI agent says an Illinois defense attorney facing federal charges that he tried to smuggle a heroin-filled condom into an Indiana federal prison claims to have done it repeatedly, exploiting greater privacy privileges lawyers are afforded in the lockups.

For Mexican cartels, marijuana is still gold (McClatchy Newspapers)

McClatchy Newspapers - CORRE COYOTE, Mexico — Times are good for the dope growers of the western Sierra Madre mountains. The army eradication squads that once hacked at the illicit marijuana fields have been diverted by the drug war that's raging elsewhere in Mexico.

Obama Unpopular Ahead of Midterms: Will the GOP Benefit? (Time.com)

US President Barack Obama delivers an address to the nation on the end of combat operations in Iraq from the Oval Office of the White House in Washington on August 31, 2010.(AFP/Nicholas Kamm)Time.com - Nine weeks before the midterm elections, Barack Obama finds himself on the wrong side of the polls. Where did all that adoration go -- and is a Republican sweep next?


Israelis and Palestinians agree to more peace meetings (Reuters)

Interactive graphic on the changing borders of Israel since its creation in 1948 on the relaunch of direct Israeli-Palestinian peace talks in Washington.(AFP iactiv)Reuters - Israeli and Palestinian leaders opened direct peace talks under U.S. auspices on Thursday and agreed to meet every two weeks to try to forge a deal within a year to end a conflict that has boiled for six decades.


Chicago gangs to top cop: You're not playing fair (AP)

Jim Allen, a member of the Vice Lords speaks at a news conference, joined by several current and former gang members Thursday, Sept. 2, 2010, in Chicago. The 32-year-old describes his gang as devoted to social support, and he says police can't hold the group responsible for the criminal acts of individuals. He calls the superintendent's so-called 'gang summit' initiative to crack down on crime 'a joke' that won't stem violence. (AP Photo/M. Spencer Green)AP - Several current and ex-gang members lashed out at Chicago's police chief on Thursday, calling his so-called "gang summit" initiative to crack down on crime a wasted effort that will have little effect on the streets of the county's third largest city.


Earl threatens East Coast with 125 mph winds (AP)

Holidaymakers stand on the balcony of a rented beach house in Avon, North Carolina. Hurricane Earl has closed in on a large part of the US east coast, as tens of thousands of people flee North Carolina's barrier islands to avoid dangerous winds and surf.(AFP/Getty Images/Mark Wilson)AP - The last ferries pulled away from North Carolina's vulnerable barrier islands Thursday as Hurricane Earl spun closer with winds near 125 mph, putting the East Coast all the way to Canada on alert for what could be a blustery next several days.


More Dems buck plan to let taxes increase for rich (AP)

FILE - In this Aug. 25, 2009 file photo, Rep. Gerry Connolly, D-Va., conducts a town hall event in Springfield, Va. Chances are fading that Congress will allow taxes to rise, even for the nation's top earners. Worried about the fragile economy and their own upcoming election, a growing number of Democrats are joining the rock-solid Republican opposition to President Barack Obama's plans to let some of the Bush administration's tax cuts expire.    (AP Photo/Gerald Herbert, File)AP - Congress seems increasingly reluctant to let taxes go up, even on wealthier Americans.


More Dems buck plan to let taxes increase for rich (AP)

FILE - In this Aug. 25, 2009 file photo, Rep. Gerry Connolly, D-Va., conducts a town hall event in Springfield, Va. Chances are fading that Congress will allow taxes to rise, even for the nation's top earners. Worried about the fragile economy and their own upcoming election, a growing number of Democrats are joining the rock-solid Republican opposition to President Barack Obama's plans to let some of the Bush administration's tax cuts expire.    (AP Photo/Gerald Herbert, File)AP - Congress seems increasingly reluctant to let taxes go up, even on wealthier Americans.


Correction: Colombia Rebel Haven (AP)

AP - In stories Aug. 7 and Aug. 8 about Colombian government efforts to cement control over a longtime rebel stronghold, The Associated Press, quoting a former deputy defense minister, Sergio Jaramillo, erroneously reported that 30 percent of the world's cocaine had come from the area. The correct figure is 13 percent of the world's cocaine.

Army: Chaplain is 1st killed in action since '70 (AP)

AP - A chaplain killed in Afghanistan this week was the first Army clergyman killed in action since the Vietnam War, the military said Thursday.

EU reaches deal on cross-border financial supervisors (AFP)

Europe took a big step closer to its goal of creating cross-border financial supervisors, reaching a AFP - Europe took a big step closer on Thursday to its goal of creating cross-border financial supervisors, reaching a "crucial milestone" in efforts to reform a sector blamed for the global recession.


Apple and Google to clash in music space by Christmas (Reuters)

Reuters - Google Inc is in talks with music labels on plans for a download store and a digital song locker that would allow its mobile users to play songs wherever they are as it steps up its rivalry with Apple Inc, according to people familiar with the matter.

Karzai: Afghan govt will back Kabul Bank (AP)

Afghan soldiers chat in front of the main office of Kabul Bank in Kabul, Afghanistan, Wednesday, Sept. 1, 2010. The Afghan central bank's decision to force out executives of the nation's biggest bank amid allegations of mismanagement and questionable lending practices offers the government a chance to take a strong stand against corruption, the U.S. said Tuesday. (AP Photo/Musadeq Sadeq)AP - Afghan President Hamid Karzai reassured nervous customers at the troubled Kabul Bank on Thursday, saying every penny of their deposits would be guaranteed by the government.


Feds sue Arizona sheriff in civil rights probe (AP)

FILE - In this file photo taken July 30, 2010, shows Maricopa County Sheriff Joe Arpaio during a news conference in Phoenix. The U.S. Justice Department sued Arpaio on Thursday, Sept. 2, 2010, saying the Arizona lawman refused for more than a year to turn over records in an investigation into allegations his department discriminates against Hispanics. (AP Photo/Amanda Lee Myers, File)AP - The U.S. Justice Department sued Sheriff Joe Arpaio on Thursday, saying the Arizona lawman refused for more than a year to turn over records in an investigation into allegations his department discriminates against Hispanics.


Burger King agrees to $3.3 billion sale to 3G Capital (Reuters)

A Burger King sign outside a Miami restaurant. US fast food giant Burger King said Thursday it would no longer buy palm oil from Sinar Mas or its subsidiaries after Greenpeace campaigned against the Indonesian group's land-clearing practices.(AFP/Getty Images/File/Joe Raedle)Reuters - Burger King Holdings Inc agreed to sell itself to investment firm 3G Capital for $3.26 billion, giving the No. 2 U.S. fast-food chain breathing room to fix its business and close the gap with leader McDonald's Corp.


Bernanke rejects notion that he could have saved Lehman (McClatchy Newspapers)

McClatchy Newspapers - WASHINGTON — Federal Reserve Chairman Ben Bernanke strongly rejected as "myth" suggestions that he could have saved investment bank Lehman Brothers and prevented the near collapse of the global financial system.

Afghan president says airstrike killed civilians (AP)

U.S. Defense Secretary Robert Gates, right, is greeted by top NATO commander Gen. David Petraeus as he arrives in Kabul, Afghanistan on Thursday, Sept. 2, 2010.  (AP Photo/Jim Watson, Pool)AP - NATO said an airstrike in northern Afghanistan on Thursday killed about a dozen insurgents, but President Hamid Karzai said the victims were campaign workers seeking votes in this month's parliamentary elections.


Bernanke takes blame for muddled message on Lehman (Reuters)

U.S. Federal Reserve Chairman Ben Bernanke testifies before a House Financial Services hearing on the Reuters - U.S. Federal Reserve Chairman Ben Bernanke said he was partly to blame for leaving the wrong impression that the central bank could have saved Lehman Brothers from failure in 2008.


5 Tax Moves to Make Now (U.S. News & World Report)

U.S. News & World Report - It may seem a bit strange to be talking about income taxes in September. There are, however, good reasons to think about taxes well before April 15. For starters, there are some big changes in the tax code that go into effect in 2011. Depending on your income tax bracket and investments, some simple planning now could save you a bundle later.

Book says Nazi hunter Wiesenthal worked for Mossad (AP)

FILE - In this photo provided by the Simon Wiesenthal Center, Wiesenthal is shown attending a trial of suspected Nazi war criminals in Vienna, Austria in 1958. Renowned Nazi hunter Simon Wiesenthal worked for Israel's Mossad spy agency, providing information on war criminals and Germans working in Arab countries, an Israeli historian writes in a book released Thursday, Sept. 2, 2010. (AP Photo/Simon Wiesenthal Center, HO, File)AP - A new book claims renowned Nazi hunter Simon Wiesenthal worked for Israel's Mossad spy agency, providing information on war criminals and Germans working in Arab countries.


Top Obama ally: Democrats will hold the US Congress (AFP)

House Democratic House Chairman Rep. John Larson (D-CT), seen here in 2009, said opinion polls showing Republicans poised for big gains as the sour US economy struggles with stubbornly high unemployment reflect that AFP - President Barack Obama's Democratic allies will defy glum forecasts of a rout in November elections and keep control of the House and Senate, one of the party's congressional leaders said Thursday.


GOP Committees Look to Outside Groups to Fund Fall Ground Game (CQPolitics.com)

CQPolitics.com - Republican strategists wary of relying on a Republican National Committee beset by controversy are relying on third-party organizations to fund and manage crucial ground game operations for the midterm elections.

O'Donnell plays defense on radio (Politico)

Politico - Once-supportive host grills Delaware candidate.

Mariner Energy shares fall after platform blast (AP)

AP - Mariner Energy, Inc. shares dropped more than 4 percent Thursday following news that one of its production platforms exploded in the Gulf of Mexico.

Group promotes Egypt's spy chief for president (AP)

An Egyptian man walks past four posters showing and supporting Egypt's intelligence chief Omar Suleiman, which surround one poster showing and supporting Gamal Mubarak, son of Egyptian president Hosni Mubarak, in the Giza area of Cairo, Egypt, Thursday, Sept. 2, 2010. A group of activists have hung up posters around Egypt's capital supporting the country's intelligence chief as a possible candidate in next year's presidential elections. Writing in Arabic on posters showing Omar Suleiman reads 'The real alternative: Omar Suleiman, President for the Republic', and on posters showing Gamal Mubarak reads 'Yes to Gamal Mubarak, regards from Moataz Abdel-Hamid Ahmed and brothers'. (AP Photo)AP - Activists on Thursday hung posters across Cairo supporting Egypt's intelligence chief as a candidate in next year's presidential elections, the latest campaign to try to undermine a possible father-son succession in the Arab world's most populous nation.


Summary Box: Mortgage rates hit low of 4.32 pct. (AP)

AP - RECORD LOWS: Mortgage rates fell to the lowest levels in decades for the tenth time in 11 weeks, mortgage buyer Freddie Mac said Thursday. The average rate for a 30-year fixed loan was 4.32 percent. The 15-year fixed loan hit 3.83 percent.
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