Business News

Housing, jobless claims data lift Wall Street

NEW YORK (Reuters) - 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.


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Economic data dampen fears of new recession

WASHINGTON (Reuters) - Pending sales of previously owned U.S. homes rebounded unexpectedly in July and new claims for jobless benefits fell last week, helping dampen fears the economy could face a double dip recession.


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Burger King agrees to $3.3 billion sale to 3G Capital

LOS ANGELES (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.


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Bernanke takes blame for muddled message on Lehman

WASHINGTON (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.


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Apple and Google to clash in music space by Christmas

NEW YORK (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.


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