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- Dell Cedes Data-Storage Maker 3Par To HP
- Dell Inc. is walking away from a bidding contest with rival Hewlett-Packard Co. for data-storage maker 3Par Inc. Dell said it won't match HP's offer to pay $33 per share for 3Par, or about $2.07 billion.
- Bosses Put Higher Insurance Tab On Workers' Shoulders
- Employers keep shifting a larger share of health costs to their employees. Higher premiums, deductibles and copayments are making health insurance less affordable for people who get coverage at work.
- Burger King Sold For $3.26 Billion To Private Investors
- Burger King has agreed to be bought by a private-equity group for $3.26 billion.
- Fed's Bernanke: Banks Aren't Too Big To Fail
- Fed Chairman Ben Bernanke told a panel investigating the financial crisis that regulators must be ready to shutter the largest institutions if they threaten to bring down the financial system."If the crisis has a single lesson, it is that the too-big-to-fail problem must be solved," he said.
- Factory Orders Edge Up; New Jobless Claims Fall
- Orders to U.S. factories managed a slight gain in July, boosted by as a surge in demand for commercial aircraft. Meanwhile, the number of people requesting unemployment benefits declined for the second straight week, but the overall level remains high.
- Home Contracts Up; Rates Dip To 4.32 Percent
- The number of buyers who signed contracts to purchase previously occupied homes rose 5.2 percent in July but remained well below last year's levels. And the average rate for a 30-year fixed loan fell to 4.32 percent this week, the lowest level in decades.
- Apple Gambles On TV Episode Rentals: Does This Change The Game?
- Steve Jobs unveiled Apple's new 99-cent model for renting TV episodes yesterday. Will this catch on? Probably. Is it going to replace anyone's cable subscription? Probably not ... yet.
- Discounts Spur Sales, But What About The Holidays?
- Many retailers report surprisingly solid gains for August, helped by aggressive discounting, even as unusually hot weather and job worries kept a lid on back-to-school buying. The results are providing a sliver of hope for the economic recovery, but worries remain about the critical holiday season.
- Outgoing CEA Chair Christina D. Romer: 'This Is Not My Father's Recession'
- Adieu, Christina Romer. The Chair of the Council on Economic Advisers delivers a farewell address at the National Press Club.
- National Review: An End To The 'Big-Unit' Era
- The 1940's saw unprecedented cooperation between big government, big business and big labor. But Michael Barone of The National Review argues that those days should be behind us. While relying on the "Big Units" might have worked for Franklin Roosevelt, it is not working for Barack Obama.
- Ex-Lehman CEO Fuld Blames Regulators
- The former head of Lehman Brothers said the company could have survived, if regulators offered the same kind of help it did to Lehman's competitors. Richard Fuld testified before the commission that's investigating the financial crisis Wednesday. Fuld said it was regulators -- not bad investments -- that did Lehman in.
- British Villages Rescue Vital Community Services
- Village life in Britain is under threat, with the closure of the pubs and stores that form the center of small communities. In the Oxfordshire village of Appleton, local people have set up their own "community shop" staffed and managed by volunteers. The British government is introducing legislation to make it easier for rural communities to manage their own affairs.
- Help For Texters Who Are All Thumbs
- Textees is an item you slip on your thumb. A little pointer helps you avoid hitting the wrong key. An ad says "Textees is the smart way to make texting easier!"
- Critics Target States' Double-Dipping Pensioners
- As states battle with their budgets, reporters have been looking into the benefits government employees get when they're working and after they retire. But what happens when workers retire and then take new jobs in the public sector while still getting paid from the state's pension fund? One case could define the battle over how to make government transparent while protecting the privacy of its workers.
- Regulators Sue Former WesCorp Executives
- Federal regulators this week filed suit against two former executives of failed Los Angeles credit union WesCorp, according to published reports. It was seized by the government in March after it racked up $7 billion in losses -- most related to bad mortgage investments.
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