FDIC backs revised bank investment rules
U.S. banking regulators voted on Wednesday to ease rules applying to private investments in troubled banks. The board of the Federal Deposit Insurance Corp voted 4-1 to change previous proposals that some regulators and potential investors said had threatened to scare away much-needed capital from the banking industry. Read Full Article here.
Apple event expected soon, but no tablet in sight
Anyone holding their breath for Apple Inc's much-anticipated, but never confirmed, touchscreen tablet device may have to wait a bit longer than they planned. Read Full Article here.
GE hires JPMorgan to sell security unit - sources
General Electric has put its security business up for sale in an auction that could fetch about $2 billion, sources familiar with the situation said on Wednesday. Read Full Article here.
Home sales, durable orders buoy recovery hopes
Sales of new U.S. homes hit their highest level in 10 months in July and orders for long-lasting manufactured goods surged, offering fresh evidence a modest economic recovery was taking shape. Read Full Article here.
Northrop gets billions in U.S. contracts
Northrop Grumman Corp was awarded a U.S. Air Force contract boost, up to $3.4 billion, to support the radar-evading B-2 bomber, the Defense Department said on Wednesday. Read Full Article here.
Tycoon Slim, Qualcomm bring game console to Mexico
Billionaire Carlos Slim and technology supplier Qualcomm Inc are teaming up with the launch in Mexico of a low-cost video game console designed for consumers in developing countries. Read Full Article here.
Chrysler renews search for China partner-sources
Just two months out of bankruptcy, Chrysler Group has renewed the hunt for a manufacturing partner in China as it prepares to revamp its product lineup under the control of Italy's Fiat SpA (FIA.MI), three people with knowledge of the discussions said. Read Full Article here.
Fed's Lockhart: premature to consider rate hikes
The U.S. economy is in the early stages of a recovery but it is premature to start considering raising interest rates, a top Federal Reserve policymaker said on Wednesday. Read Full Article here.