US consumer spending dips 0.1 percent
WASHINGTON (AP) — U.S. consumer spending fell in July, with a drop in auto purchases accounting for most of the weakness. Income growth also slowed.
US consumer sentiment improves a bit in August
WASHINGTON (AP) — U.S. consumer sentiment ticked up in August, driven by greater optimism about jobs, rising incomes, and increasing wealth. Yet the increase largely occurred among higher-income groups.
BRIC wall: Brazil's economy slips into a recession
RIO DE JANEIRO (AP) — Brazil's economy, once an emerging-market darling, fell into recession, according to government data released Friday, as millions of new middle class citizens tightened their belts and further dampened a credit-driven spending spree.
Economic sanctions spare Western-tied Russian fund
WASHINGTON (AP) — Western business connections are complicating efforts to bring economic sanctions against executives and companies closely aligned with Russian President Vladimir Putin's inner circle. A prime example: the Russian Direct Investment Fund, a $10 billion sovereign wealth fund that's escaped sanctions in spite of international efforts to punish Russia for its incursions in Ukraine.
Experimental Ebola drug heals all monkeys in study
An experimental Ebola drug healed all 18 monkeys infected with the deadly virus in a study, boosting hopes that the treatment might help fight the outbreak raging through West Africa — once more of it can be made.
Sandy recovery, sun boost Jersey shore business
BELMAR, N.J. (AP) — Good weather and greater awareness that the Jersey shore has made huge strides in recovering from Superstorm Sandy helped make the second summer after the storm better than the first, many merchants and elected officials say.
Sterling says Clippers deal started with 2 numbers
LOS ANGELES (AP) — When asked how much money she wanted to sell the Los Angeles Clippers, the wife of disgraced team owner Donald Sterling handed a piece of paper to her lawyer with two numbers: $1.5 to $2.