BUSINESS

'Act now' to Save Global Recovery, IMF Chief Urges

International Monetary Fund (IMF) Managing Director Christine Lagarde
The new head of the IMF on Saturday called on global policymakers to pursue urgent action, including forcing European banks to bulk up their capital, to prevent a descent into a renewed world recession.

Home Depot, Walmart, Grocers Get Boost from Irene

People shop for supplies to weather approaching Hurricane Irene at a Home Depot store in Freeport on Long Island
Hurricane Irene sent East Coast shoppers into stores to stock up on essentials this week, instead of the clothes, notebooks and other supplies that retailers were counting on selling as children get ready to go back to school.
Tourists, Surfers, Beachgoers Enjoy their Last Bit on U.S. East Coast Ahead of Irene

Irene Losses Already Up to $1.1 Bln, More to Come

Hurricane Irene caused as much as $1.1 billion in insured losses in the Caribbean, catastrophe modeling company AIR Worldwide said on Friday, with more expected to come as the storm heads for the U.S. Northeast.
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Hulu's potential buyers have concerns

Yahoo, Google, Amazon and Dish have bid or are about to bid on the video streaming site, Hulu, according to an individual with knowledge of the auction.
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Groupon's CEO lashes out at critics ahead of IPO

Groupon Inc CEO Andrew Mason, lashing out at what he called insane and hilarious criticism in the media, defended the daily-deals website's record and growth strategy in a lengthy memo to employees on Thursday.
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TCW kept Gundlach in dark before termination

Trust Co of the West worked for months in secret to acquire an entire firm to replace its star bond fund manager Jeffrey Gundlach and his mortgage-backed securities department before terminating him, TCW's chief executive testified in court.
A share trader checks share prices as she sits behind her trading terminals at the trading floor of the German stock exchange in Frankfurt

Stern Advice: Where to Put Your Money Now

You've got to put your money somewhere, right? Under the mattress doesn't really work as a retirement program. It's lumpy, vulnerable to theft and your kids might find it.
Steve Jobs

Steve Jobs Battled Diseases Over the Years: Major Accomplishments [PHOTOS]

Steve Jobs' decision to step down as chief executive of Apple, marking an end to his 14-year reign at the consumer electronics giant he co-founded in a garage, signals that his disease, which was kept in check for more than seven years, may be advancing beyond doctors' ability to control it, experts say.
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RIM's Newer Phones to Get Android Apps - Report

BlackBerry maker Research In Motion (RIM.TO)(RIMM.O) is planning for its newer models of smartphones, expected next year, to run applications designed for Google Inc's (GOOG.O) Android operating system, a Bloomberg report said, citing people familiar with the plan.
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Hulu bids due - who will win its hand?

Bids for Hulu are due on Wednesday from a collection of tech and satellite giants -- with Yahoo, Google, Amazon and DirecTV among the likely contenders.
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TCW monitored Gundlach's emails before firing

Trust Company of the West CEO Marc Stern asked his legal team to monitor the emails of ex-employee and star bond fund manager Jeffrey Gundlach after growing suspicious of his intentions to start a new firm, the CEO testified on Wednesday.
Morning sun hits the Grand Tetons as bankers and economists gather at the Jackson Hole Economic Symposium in Grand Teton National Park.

Fed's Jackson Hole Retreat Not Always Restful

Central bankers and economists from around the globe will once again flock to the Federal Reserve's annual gathering in Wyoming this week, and once again will meet against the backdrop of volatile markets and the prospect of further Fed support for a struggling U.S. economy.
NASA

NASA Gets Ready to Test Space Wi-Fi

NASA's space shuttles may be stationary but they continue to race ahead with research and development as they prepare to fly a laser communications system in an aim to test high definition television from Mars.
Gold bullion

Gold Retreats from Record High Above $1,900/oz

Gold prices retreated in choppy trade on Tuesday after earlier hitting record highs as a recovery in appetite for assets seen as higher risk, such as stocks, took the steam out of a rally that many saw as overdone above $1,900 an ounce.
NASA

NASA Set to Launch Sci-Fi Books

NASA has teamed up with Tor/Forge Books in a project to publish and develop Sci-Fi novels, the NASA Space Flight center has announced.
The Dow Jones industrial average was up 322.11 points, or 2.97 percent, at 11,176.76.

Hopes for Another Fed Rescue Drive 3 Percent Rally

Stocks shot three percent higher on Tuesday on speculation Federal Reserve Chairman Ben Bernanke this week would signal new help for the economy, giving investors hope a four-week rout was nearing an end.
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Facebook Improves Privacy Settings To Outrun Google+

In the coming days, Facebook will make you much more comfortable with its privacy settings.Tuesday, the social media giant announced improvements for users to determine who can see their information on Facebook, finally allowed to manage their personal information as they control the range of viewers.

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