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Economy shows vigor in Q2, but seen flagging

WASHINGTON, Aug. 28, 2008 (Reuters) — Strong exports and consumer spending supported by government stimulus checks drove the U.S. economy up at a solid 3.3 percent annual rate in the second quarter, much faster than first thought, but growth is expected to flag as those factors fade. ...  > full story

Strong GDP data, weak oil spark Wall St rally

NEW YORK, Aug. 28, 2008 (Reuters) — U.S. stocks rose sharply on Thursday as the government reported the economy grew at a surprisingly robust clip in the second quarter and oil prices eased, driving gains in major industrial and financial companies. ...  > full story

Toyota cuts sales forecast

TOKYO, Aug. 28, 2008 (Reuters) — Toyota Motor Corp cut its 2009 vehicle sales forecast by nearly 7 percent as high fuel prices hammer demand for large cars and pickup trucks, and said it will speed up the rollout of hybrid and electric cars as their popularity grows. ...  > full story

Oil near $120 as Gustav threatens US Gulf

LONDON, Aug. 28, 2008 (Reuters) — Oil rose towards $120 a barrel on Thursday, its fourth day of gains, boosted by the threat of damage to U.S. oil installations from Tropical Storm Gustav. ...  > full story

Dollar Tree posts higher profit, outlook below view

CHICAGO, Aug. 27, 2008 (Reuters) — Dollar Tree Inc reported a higher profit on Wednesday but gave a forecast for the full year that fell short of Wall Street expectations, sending the retailer's shares down more than 6 percent. ...  > full story

Southwest to cut 200 flights early 2009

SAN FRANCISCO, Aug. 26, 2008 (Reuters) — Southwest Airlines Co said on Tuesday it plans to cut about 200 flights in the first quarter of 2009 as it tries to focus on more profitable flights to combat high fuel costs and a slow economy. ...  > full story

Precision bets on natural gas with Grey Wolf bid

CALGARY, Alberta, Aug. 25, 2008 (Reuters) — Precision Drilling Trust , Canada's biggest oil and gas rig operator, will buy U.S.-based Grey Wolf Inc in a $2 billion deal aimed at locking up business in hot unconventional prospects from southern Texas to northeastern British Columbia. ...  > full story

Automakers seek Fed loans to ride downturn: report

DETROIT, Aug. 22, 2008 (Reuters) — The Big 3 Detroit-based automakers are seeking about $25 billion in federal loans as they struggle to ride out a steep downturn in U.S. auto sales, The Wall Street Journal reported on Friday. ...  > full story

Nissan says to start exporting cars from China JV

TOKYO, Aug. 21, 2008 (Reuters) — Nissan Motor <7201.T> will begin exporting passenger cars over the next few months from China, as a growing number of global industry giants tap their output in the world's second-largest auto market to supply export markets. ...  > full story

Qantas H2 profit falls, says weathering challenges

SYDNEY, Aug. 20, 2008 (Reuters) — Australian airline Qantas Airways Ltd reported a 2.5 percent fall in second-half profit on Thursday, below analysts expectations, as fuel prices soared, but predicted it would meet forecasts for the current year. ...  > full story
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