July industrial output growth seen up 7.7%

Industrial output growth probably picked up to 7.7 per cent in July from a year earlier, the median forecast of 21 economists showed. Annual growth had slowed in June to 7.1 per cent from 11.5 per cent in May.

All eyes on BP report on Gulf oil spill disaster (AP)

AP - Oil giant BP PLC on Wednesday planned to release the conclusions of its internal investigation into the rig explosion that killed 11 workers and led to the massive Gulf of Mexico spill.

Kansas factory worker, 36, charged with murdering burned teen

Associated Press Writer GREAT BEND, Kan. — A 36-year-old factory worker who spent much of his adult life in prison was charged Tuesday with sexually assaulting and murdering a 14-year-old girl whose badly burned body was found behind gravel piles at the asphalt plant where he worked.

Portugal Industrial New Orders Growth Slows

(RTTNews) - Portugal's industrial new orders growth eased in the three months ended in July from the previous year, a report by the Statistics Portugal showed on Wednesday.

BP shares move higher ahead of Gulf report (AP)

AP - Shares in BP PLC moved higher on Wednesday ahead of the release of the company's internal report on the disastrous oil spill in the Gulf of Mexico and after a credit ratings agency upgrade.

German Industrial Production Rises Less Than Forecast

Industrial production in Germany, Europe’s largest economy, rose less than economists forecast in July, suggesting the recovery is losing momentum.

Japan's intervention hints fail to halt yen (Reuters)

Reuters - Japan's finance minister acknowledged currency intervention is an option for the first time since the yen's 14 percent rise since May, and a candidate to become prime minister sanctioned solo intervention as the yen jumped to a 15-year high versus the dollar.

German industrial production up 0.1% in July

FRANKFURT (MarketWatch) -- Germany's industrial production edged up 0.1% in July from the previous month, the economics ministry in Berlin reported on Wednesday. The result was below market expectations for a monthly rise of 1%. On Tuesday, the ministry reported a 2.2% decline in German manufacturing orders for July. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as ...

Obama pitches spending, tax incentives in Ohio (Reuters)

Reuters - President Barack Obama will push billions of dollars in new business tax incentives and spending on big construction projects on Wednesday, as he tries to convince a balky Congress to pass measures intended to spur the economy and create jobs.

Meat industry must cut costs, says expert study

Northern Ireland's £1.5bn meat industry must work on cutting costs and boosting export opportunities over the next 10 years, according to a study. Related Stories Sports Direct scores £167m profit Food and drink show gets blooming better Banknote printer woes cost £35m Sales jump 10% at budget hotel chain Cultra Manor set for £3m revamp

BP set to publish report on oil spill rig blast (Reuters)

Reuters - BP is due to release its internal investigation into what caused a rig blast that led to the United States' worst ever oil spill on Wednesday and investors will be looking for clues as to whether BP will be able to fend off accusations of gross negligence.

BP set to publish report on oil spill rig blast (Reuters)

Reuters - BP is due to release its internal investigation into what caused a rig blast that led to the United States' worst ever oil spill on Wednesday and investors will be looking for clues as to whether BP will be able to fend off accusations of gross negligence.

BP probe to spread blame for spill: report (Reuters)

Reuters - BP Plc's internal probe of the deadly April 20 blowout that unleashed the massive Gulf of Mexico oil spill will assign blame to BP as well as other companies involved in the well's operations, The Wall Street Journal reported on Tuesday.

BP probe to spread blame for spill: report (Reuters)

Reuters - BP Plc's internal probe of the deadly April 20 blowout that unleashed the massive Gulf of Mexico oil spill will assign blame to BP as well as other companies involved in the well's operations, The Wall Street Journal reported on Tuesday.

6 killed in 2 separate bomb attacks in Baghdad (AP)

AP - Iraqi officials said at least six people were killed and 35 were wounded in two separate attacks in Baghdad on Wednesday.

The nation's weather (AP)

AP - Tropical Depression Hermine was expected to slowly weaken as it moved farther inland.

Fireworks factory explosion claims 6th victim

35-year-old Peter Paul Micallef from Fontana became the sixth victim of last Sunday’s fireworks factory explosion close to Għarb when he passed away at Mater Dei Hospital . Mr Micallef was the son-in-law of fireworks factory owner Nenu Farrugia, who also lost his sons Noel and Raymond, his daugher-in-law Antoinette and Jean Pierre Azzopardi. The police reported that Mr [...]

Big quake aftershocks plague New Zealand city (AP)

AP - A powerful new 5.1-magnitude aftershock rattled terrified residents of New Zealand's earthquake-stricken city of Christchurch on Wednesday, as officials doubled their estimate for repairing the damage from nearly 300 aftershocks in five days.

Stock futures point to weaker Wall St (Reuters)

Reuters - LONDON (Reuters) Stock index futures pointed to a slightly lower opening for U.S. shares on Wednesday, extending a decline from the previous session, as worries about the financial health of the euro zone's banks resurfaced. * At 0841 GMT futures for the Dow Jones, S&P 500 and Nasdaq were down between 0.1 and 0.2 percent.

Jordan Industrial Production Drops 6.3% in July as Manufacturing Declines

Jordanian industrial production fell 6.3 percent in July from a year earlier as manufacturing and electricity output declined.

Financial Sheriffs to Monitor Banks, Markets in European Union (Time.com)

Time.com - A trio of financial sheriffs will oversee finance in the entire European market

Hungary' industrial output up 9% YoY, but drops 1.1% MoM in July

Hungary's industrial gross output increased 9% in July 2010, compared to the corresponding period of the previous year,according to preliminary data published by the Central Statistics Office (KSH) on Wednesday. Seasonally and by working-day adjusted indices show that output fell 1.1% from the previous month.

Spanish Industrial Output In Surprise Fall

Industrial production in Spain declined 1.6% year-on-year in July, in contrast to the 3.2% rise in the previous month, the Madrid-based National Statistics Institute said on Wednesday. Economists had forecast a 2.8% increase.

Abstinent Mormon farmers grow barley for beer (AP)

AP - Idaho Sen. Mike Crapo might seem like an unlikely person to be pushing a bill to cut federal taxes on small beer-makers: A member of The Church of Jesus Christ of Latter-day Saints, he abstains from alcohol.

Slovak Industrial Production Rises In July

(RTTNews) - Slovakia Industrial production increased a working-day adjusted 16.8% year-on-year in July compared to a 23.5% growth in the previous month, the Statistical Office of the Republic of Slovakia said Wednesday.

Light bulb factory closes; End of era for U.S. means more jobs overseas

The last major U.S. factory making ordinary incandescent light bulbs is slated to close this month. How the manufacturing jobs in the next lighting technology, compact fluoresecents, ended up overseas. Light - Business - Business and Economy - China - Incandescent light bulb

2 Asteroids to Zoom Between Earth and the Moon's Orbit (SPACE.com)

SPACE.com - Two asteroids will zip close by the Earth Wednesday and may be visible in telescopes as they zip between our planet and the orbit of the moon.

LEGO MoonBot From New Jersey Wins Competition (SPACE.com)

SPACE.com - A team of eighth-grade students from New Jersey has won first place for its miniature lunar rover made entirely out of LEGO pieces.

Kazakhstan Expects Industrial Production to Expand Annual 7.5% This Year

Kazakhstan expects industrial output to jump 7.5 percent this year on higher mining output and a “recovery in manufacturing,” Economic Development and Trade Minister Zhanar Aitzhanova said.

Democrats Face GOP Election Day Tsunami in House, Senate (Time.com)

Time.com - There are still 60 days to go before Election Day but the smart money -- lots of it -- is on the GOP winning very, very big

U.S. judge refuses to lift ban on government stem cell funds (Reuters)

Reuters - A U.S. judge refused on Tuesday to lift a ban on federal funding of human embryonic stem cell research despite Obama administration warnings it would set back key research and cost more than a thousand jobs.

Film industry hires cyber hitmen to take down internet pirates

The film industry is using pirate tactics to beat the pirates – by employing “cyber hitmen” to launch attacks that take out websites hosting illegal movies.

Defense industry at risk from slow demand

Washington (UPI) Sep 7, 2010 The U.S. defense industry, currently top of global rankings with a record $700 billion turnover in 2009, risks losing its pre-eminence due to slowing demand and growing competition from rivals in Asia and South America. Warnings of an impending slump followed a spate of defense cutbacks in Europe, the end of U.S. combat role in Iraq and predictions of a drop in U.S ...

Factory workers massacred

MEN armed with assault rifles have burst into a shoe factory in Honduras and opened fire, killing at least 15 workers.

Industry funds moving on retirement products

More than 80 per cent of industry superannuation funds expect to have some sort retirement solution product in place within the next three years – and half of those expect the services to be delivered by the funds themselves.

Study of Men Dancing Reveals Moves Ladies Love (LiveScience.com)

LiveScience.com - Using computer-generated avatars, psychologists say they have unlocked the dance moves that will capture a woman's heart. Apparently the speed of a man's right knee and the size and variety of movements of the neck and torso are key, they suggest.

HP sues to stop ex-CEO Hurd joining Oracle (Reuters)

Reuters - Hewlett-Packard Co sued former Chief Executive Mark Hurd and asked a court to block him from joining Oracle Corp, saying his hiring by the rival technology firm puts HP's trade secrets "in peril."

Flow International posts small 1Q loss (AP)

AP - Flow International Corp., a maker of industrial waterjet machines for cutting and cleaning, nearly washed away a first-quarter loss.

US judge denies request to lift stem cell funds ban (AFP)

AFP - A US federal judge denied Tuesday the White House's request to drop his decision to temporarily block federal funding for embryonic stem cell research pending an appeal of the decision.

Defense industry at risk from slowing demand

WASHINGTON, Sept. 7 (UPI) -- The United States defense industry, currently top of global rankings with a record $700 billion turnover in 2009, risks losing its pre-eminence due to slowing demand and growing competition from rivals in Asia and South America. United States - Asia - Defense industry - United Press International - South America

Microbes are eating BP oil without using up oxygen (AP)

AP - Government scientists studying the BP disaster are reporting the best possible outcome: Microbes are consuming the oil in the Gulf without depleting the oxygen in the water and creating "dead zones" where fish cannot survive.

Factory output seen at 10%

Annual growth in Chinese factory output will slow to 10% in the second half of this year, a government has said. Beijing's drive against property speculation will reduce demand for everything from steel and cement to furniture.

Gov't launches plan to help "underwater" borrowers (AP)

AP - The Obama administration is trying to jump-start its sputtering attempts to tackle the foreclosure crisis with an effort to assist homeowners who owe more on their properties than their homes are worth.

Post-holiday pump prices should slide (AP)

AP - Motorists should see pump prices slide again after spending a little more to fill their tanks over the Labor Day weekend.

Summary Box: Worried investors turn to gold (AP)

AP - SEEKING SAFETY: Gold settled at a record high Tuesday as more worries resurfaced about European banks and the global economy.

Gold settles at record high amid economic fears (AP)

AP - Gold prices settled at a record high Tuesday following renewed worries about European banks and the global economy.

Bullish or Bearish? The World's Greatest Investors Debate. (The Motley Fool)

The Motley Fool - The bears and bulls were battling as ferociously as ever over the past month. Let's dive right into the debate, through the words of some of the world's greatest investors.

INDUSTRY & ECONOMY

INDUSTRY ASSOCIATIONS: Mining cos say no to sharing profits, offer more to royalty fund Mining outfits opposing the Government's proposal to share profits with land losers are now willing to increase their contribution from 10 to 26 per cent to a royalty-linked development fund for the welfare of such ...

Digital River buys Journey Education Marketing (AP)

AP - Digital River Inc. on Tuesday said that it has bought online software and book retailer Journey Education Marketing Inc. for an undisclosed amount.

SEC's Schapiro: "Flash crash" report expected by month end (Reuters)

Reuters - The top U.S. securities regulator said on Tuesday that the follow-up report on what might have caused the May "flash crash" is expected by the end of September.