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This edition was generated on Tue Aug 18 08:45:01 EDT 2009
WASHINGTON – Wholesale prices dropped sharply in July, and over the past 12 months fell by the largest amount in more than six decades of record-keeping. Full Story »
MOSCOW - Russia's navy arrested eight men accused of hijacking the Arctic Sea freighter near Sweden and forcing the crew to sail to West Africa, the defense minister said Tuesday. Full Story »
SAN FRANCISCO - Microsoft Corp.'s souped-up Internet search engine gained a little more ground on industry leaders Google Inc. and Yahoo Inc. in July, according to data released late Monday. Full Story »
TYBEE ISLAND, Ga. - A 53-year-old man charged with attempting to stalk Miley Cyrus is scheduled to head back to court on Tybee Island, where the teen superstar just finished shooting a movie on the Georgia coast. Full Story »
WASHINGTON - The Washington Nationals knew they needed to sign No. 1 overall draft pick Stephen Strasburg, and they did. Full Story »
KABUL (Reuters) - A suicide car bomber killed at least seven people in an attack on a Western military convoy in the Afghan capital on Tuesday and a Taliban rocket hit the presidential palace grounds two days before tense elections. Full Story »
SEOUL (Reuters) - South Korea is counting down to its first space launch on Wednesday that will likely open the door to its nascent rocket program and rile neighbor North Korea, hit by U.N. sanctions after its own rocket launch in April. Full Story »
TEHRAN (Reuters) - A senior Iranian official said Tehran was ready for negotiations with the West on its disputed nuclear program based on mutual respect and without preconditions, state television reported on Tuesday. Full Story »
MIAMI (Reuters) - Hurricane Bill, the first hurricane of the 2009 Atlantic season, revved up quickly on Monday as it headed toward Bermuda, while the remnants of Tropical Storm Ana dissipated without threatening the U.S. Gulf oil patch. Full Story »
SEOUL (Reuters) - Former President Kim Dae-jung, a giant in South Korea's shift to democracy who won the 2000 Nobel Peace Prize for his efforts to forge a reconciliation with the prickly communist North, died on Tuesday at the age of 85. Full Story »
KUWAIT (Reuters) - U.S. authorities warned on Tuesday that American citizens in Kuwait remained at risk from terrorist attacks, following the arrest of an al Qaeda-linked network in the Gulf Arab state last week. Full Story »
YANGON (Reuters) - State media in army-ruled Myanmar on Tuesday hailed the visit by a United States senator as a success and said it allowed the authorities to show their friendliness and respect for human rights. Full Story »
OSAKA, Japan (Reuters) - Voters in Japan flocked to rallies on Tuesday as official campaigning began in an election that is expected to see Prime Minister Taro Aso's party ousted for only the second time in its 54-year history. Full Story »
MOSCOW (AFP) - Russia said Tuesday it had arrested eight men suspected of hijacking the Arctic Sea cargo ship whose sudden disappearance in July sparked an international mystery and a dramatic high seas chase. Full Story »
WASHINGTON – The Washington Nationals knew they needed to sign No. 1 overall draft pick Stephen Strasburg, and they did. Full Story »
WASHINGTON – Construction of new U.S. homes dipped slightly last month, missing expectations, in a sign that the building industry's recovery from the housing bust is likely to be bumpy and gradual. Full Story »
DES MOINES, Iowa - Most major credit card companies say fewer customers defaulted on their accounts in July, but that doesn't necessarily mean they're financially better off. Full Story »
WASHINGTON (AFP) - Home Depot raised its forecast for fiscal 2009 Tuesday after reporting a less-than-expected 7.2 percent decrease in earnings in the second quarter compared to the same period last year. Full Story »
ZHUKOVSKY, Russia - Prime Minister Vladimir Putin opened Russia's largest and most important air show Tuesday, two days after a collision of two air force jets that killed the leader of the elite aerobatic squadron. Full Story »
COLUMBUS, Ohio - Huntington Preferred Capital Inc., which buys and manages mortgage assets, said Monday its board declared a regular quarterly dividend of 49 cents per share of its Class C preferred stock. Full Story »
Major U.S. stocks indexes tumbled by the biggest amount in six weeks Monday as investors feared they have been too quick in betting on an economic rebound during the market's five-month rally. Jitters about China's economy and lackluster profits at home-improvement retailer Lowe's Cos. added to concerns from last week that a rebound in the economy is far off. Full Story »
NEW YORK - The delinquency rate on U.S. mortgage loans hit an all-time high in the second quarter, but the pace of growth for the rate slowed, a possible sign the mortgage crisis may be beginning to turn the corner. Full Story »
PERTH/BEIJING (Reuters) - Australia and China struck their biggest trade deal ever on Tuesday as the world's two most valuable listed oil companies, Exxon Mobil and PetroChina (601857.SS), agreed a $41 billion liquefied natural gas deal. Full Story »
WASHINGTON - The Federal Reserve said Monday most banks expect their lending to remain tight through the second half of next year, with the exception of mortgage standards, which already are loosening a bit. Full Story »
CHICAGO - The Associated Press has withdrawn its story about mortgage delinquencies in the fourth quarter of 2008. The story contained dated information. A corrected story will be sent shortly. Full Story »
How can we be expected to grow and create jobs, many executives wonder, when we are shrinking? Full Story »