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Latest Business News
Yahoo! News: Business News
Wall Street gains on housing and jobless data (Reuters)

Traders work on the floor of the New York Stock Exchange, August 31, 2010. REUTERS/Brendan McDermidReuters - Stocks rose on Thursday, building on their best day in eight weeks in the previous session, as data showed pending home sales improved and initial jobless claims declined.


Burger King agrees to be sold for $3.26 billion (Reuters)

A Burger King sign outside a Miami restaurant. US fast food giant Burger King said Thursday it would no longer buy palm oil from Sinar Mas or its subsidiaries after Greenpeace campaigned against the Indonesian group's land-clearing practices.(AFP/Getty Images/File/Joe Raedle)Reuters - Burger King Holdings Inc , the No. 2 U.S. fast-food chain, agreed to sell itself to investment firm 3G Capital for about $3.26 billion in a deal analysts said would give the restaurant breathing room to fix its business.


Bernanke cites "sadness" in letting Lehman fail (Reuters)

U.S. Federal Reserve Chairman Ben Bernanke testifies before a House Financial Services hearing on the Reuters - Federal Reserve Chairman Ben Bernanke said on Thursday he could not have legally saved Lehman Brothers from bankruptcy and the firm's catastrophic failure in 2008 was a source of sadness.


HP wins 3PAR for $2.4 billion, Dell bows out (Reuters)

The logo of 3Par Inc, is shown at the company's headquarters in Fremont, California August 27, 2010. REUTERS/Robert GalbraithReuters - Hewlett-Packard Co won the bidding war to buy data storage company 3PAR Inc for $2.4 billion, after rival Dell Inc bowed out from a drawn-out bidding war on Thursday.


Pending homes sales rise and jobless claims dip (Reuters)

A home is offered for sale in Wauconda, Illinois in August 2010. US pending home sales rose dramatically in July, a trade group said Thursday, promising a much-needed boost to the sluggish housing market.(AFP/Getty Images/File/Scott Olson)Reuters - Pending sales of previously owned U.S. homes rebounded unexpectedly in July and new claims for jobless benefits fell last week, hopeful signs for the sputtering economic recovery.


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