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Best Buy to hire more holiday staff this year

Electronics retailer Best Buy Co expects to hire more staff for the U.S. holiday season than it did last year and will promote its in-store services as a way to woo shoppers, Chief Executive Brian Dunn said on Wednesday.

Wall St now positive, Cisco leads Nasdaq up

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U.S. stocks erased their losses in early afternoon trade on Wednesday, with first the Nasdaq turning positive. The S&P 500 and the Dow industrials quickly followed suit, advancing into positive territory.

Penn Natl looking at Fontainebleau Las Vegas-CFO

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Penn National Gaming Inc is considering acquiring the unfinished Fontainebleau resort, which sits toward the northern end of the Las Vegas Strip, the U.S. casino and racetrack operator's chief financial officer said on Wednesday.
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Congress to probe Moody's, U.S. SEC transgressions

A congressional panel will expand its examination of credit rating agencies to look at why U.S. securities regulators ignored warnings from former Moody's Corp executives about the company's weak compliance department and ratings process.
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Iran says talks are test, U.S. weighs sanctions

Iran said on Wednesday it viewed pending nuclear talks with six world powers as an opportunity and a test, and the United States said an extraordinarily difficult process was starting with more meetings likely.
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At 60, China seeks greater global role

Chinese leaders have told their diplomats to seek greater political and economic influence, changing tack from the low profile they relied on for decades to allay foreign concerns about the country's growing might.
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Danone sells Wahaha venture stake, builds war chest

French food group Danone settled a legal row with China's top beverage producer Wahaha by selling out of their joint venture, as analysts speculated Danone is looking to the United States for a big acquisition.
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Village Green, Microsoft partner on carbon tool

Environmental software company Village Green Global Inc is joining the dash in the market to track carbon footprints, partnering with software giant Microsoft Corp to capture the business of cities and local governments.
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U.S. GDP shrinks at a smaller 0.7 percent rate in Q2

The U.S. economy contracted at slower pace than previously thought in the second quarter as improved consumer and business spending cushioned the impact of a record decline in inventories, according to a government report on Wednesday.
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Iran says Geneva talks are test

Iran said on Wednesday it viewed talks with six world powers in Geneva as an opportunity and a test, while the United States weighed sanctions over Tehran's nuclear program if Thursday's meeting fails.

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