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Recovering economy grows in July

Recovering economy grows in July

The economy grew in July, the second straight month of expansion, setting the stage for a positive third quarter after the second-quarter's worrying contraction.
Philadelphia Federal Reserve President Charles Plosser

Fed's Plosser: Twist Will do Little for Growth

The Federal Reserve's move last week to further lower borrowing costs was risky and won't significantly speed up a painfully protracted recovery, one of the officials who dissented against the decision said on Thursday.
Venezuelan President Hugo Chavez speaks to the media as he stands next to the U.S. actor Sean Penn after their meeting at Miraflores Palace in Caracas

Actor Sean Penn Worked to Get Americans from Iran

U.S. actor Sean Penn engaged in attempts to secure the release of two Americans freed by Iran this week, flying to Venezuela to ask President Hugo Chavez to intervene with Iran's leader, a source close to the release process said on Friday.
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FedEx Seen Cutting Outlook with Economy Stalled

FedEx Corp is seen reporting higher quarterly results than a year ago on Thursday, but analysts are more keen to see if the No. 2 package delivery company cuts its full-year guidance because stalled global economic growth has stifled volume.
India-Nepal quake

Rescue Workers Search for Survivors of Himalaya Quake

Rescue workers with sensors and sniffer dogs searched through rubble on Wednesday for more survivors of an earthquake that has killed at least 100 people in a remote Himalayan region and left many, including 400 foreigners, stranded in far-flung areas.
Bank of Canada says Greece exit not the cure

Inflation jumps as rate pressure seen muted

Canada's annual inflation rate climbed to a higher-than-expected 3.1 percent in August, but analysts said on Wednesday this was unlikely to worry the Bank of Canada, which is more concerned about problems in Europe and the United States.
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Canada commercial loans rise, signaling expansion

Canadian commercial lending rose in the second quarter, PayNet Inc said on Wednesday, in a report that showed smaller businesses we're expanding even as economic storm clouds gather in Europe and the United States.
Typhoon Roke Hits Japan

Typhoon Roke: Japan Storm Moves Toward Pacific

Typhoon Roke is moving off shore and toward the Kuril Island archipelago between Japan and Russia, according to reports. The storm is still pounding the central Japan with rain, including the Fukushima nuclear power plant, which has so far avoid any major damage.
India-Nepal quake

India Earthquake: Rescuers Push into Isolated Towns

Six thousand troops have been deployed to the India-Nepal border, where a 6.9 magnitude earthquake hit Sunday night. The current death toll has risen to 90 people, about 50 from the Indian state of Sikkim, along with others in Nepal and Tibet.

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