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Hurricane Gustav blows over Caymans, heads to Gulf

GEORGE TOWN, Aug. 29, 2008 (Reuters) — A strengthening Hurricane Gustav swept over the Cayman Islands on Friday as it headed toward Cuba and the Gulf of Mexico on the third anniversary of Hurricane Katrina's deadly strike on New Orleans. ...  > full story

Stocks tumble as Dell warns on tech spending

NEW YORK, Aug. 29, 2008 (Reuters) — U.S. stocks tumbled on Friday, led lower by tech shares after computer maker Dell warned that companies worldwide are cutting back on technology spending. ...  > full story

Consumer spending flags, but confidence rises

WASHINGTON, Aug. 29, 2008 (Reuters) — Personal income tumbled unexpectedly in July and inflation-adjusted spending shrank as government economic stimulus waned, but consumer spirits rose this month, a hint the economy may muddle through its woes. ...  > full story

Russia urges West to refrain from sanctions

PARIS/MOSCOW, Aug. 29, 2008 (Reuters) — Russia and European powers took a step back from confrontation over Georgia on Friday, with Moscow urging the EU not to rush into punitive action and France saying now was not the time for sanctions. ...  > full story

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

Pelosi says case needed for U.S. offshore drilling

WASHINGTON, Aug. 24, 2008 (Reuters) — U.S. House of Representatives Speaker Nancy Pelosi said on Sunday that expanded oil drilling in federal waters could be included in a broader energy bill if advocates can prove its viability as a solution to America's energy problems. ...  > full story

Bernanke says inflation outlook "uncertain"

JACKSON HOLE, Wyoming, Aug. 22, 2008 (Reuters) — Federal Reserve Chairman Ben Bernanke on Friday said the stronger dollar and lower oil prices, along with the weak economy, should curb inflation, in a hint that interest rates would stay on hold, though he warned the inflation outlook is "highly uncertain." ...  > full story

Americans skip Labor Day trips as costs rise

KANSAS CITY, Mo./NEW YORK, Aug. 22, 2008 (Reuters) — After missing out on summer vacations because of high fuel prices and a weakening economy, many Americans won't be going anywhere over the Labor Day weekend either. ...  > full story

Ex-hedge fund manager ordered to pay $300 million

BOSTON, Aug. 19, 2008 (Reuters) — A former hedge fund manager was ordered to pay nearly $300 million for having cheated clients by sending out fake account statements, the Commodity Futures Trading Commission said on Tuesday. ...  > full story

McCain campaigns for off-shore drilling on Gulf rig

ABOARD THE CHEVRON GENESIS, Aug. 19, 2008 (Reuters) — Republican John McCain took his campaign high above the waters of the Gulf of Mexico on Tuesday, visiting an offshore oil and gas rig and predicting many more like it along the U.S. coasts if he is elected president. ...  > full story
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