BP delays Q3 results due oil spill complexities (Reuters)

Reuters - BP Plc said it would delay the release of its third quarter results by a week because of added complexities in its accounts due to costs associated with the Gulf of Mexico oil spill.

US court lifts ban on state-funded stem cell studies (AFP)

AFP - A US appeals court suspended Thursday a ban on state-funding for embryonic stem cell research pending a full appeal of the case, in a major boost to President Barack Obama's administration.

India industrial output surges 13.8 percent

India's industrial output in July surged by a forecast-busting 13.8 percent, data showed Friday, boosting chances of further interest rate hikes to curb the country's stubbornly high inflation.

Industrial production up by 5.9% in July

In July the index of industrial production increased by 5.9 per cent from 103.6 points in July 2009 the National Statistics Office (NSO) released on Friday morning. This increase was attributed to an increase in the production of intermediate and capital goods which rose by 24.8 and 31.3 per cent respectively. On the other hand, the production [...]

The nation's weather (AP)

AP - A low pressure system in the North was forecast to bring active weather to the Central U.S. on Friday.

Dubai World reaches $24.9 billion debt deal (Reuters)

Reuters - State-owned conglomerate Dubai World on Friday reached a formal deal to restructure around $24.9 billion of liabilities, partly easing recently heightened concerns over the Gulf emirate's debt woes.

Tropical Depression Igor expected to strengthen (AP)

AP - Tropical Depression Igor is expected to regain tropical storm strength in the far eastern Atlantic.

French industry output rebounds in July

Kraft factory shooting: Two workers shot dead and third injured

The unnamed woman walked back into the Kraft Foods factory in Philadelphia and attacked colleagues.

Fiat Industrial's Board to Have Majority Comprised of Non-Fiat Executives

Fiat Industrial SpA , the unit that will be spun off from Fiat SpA by the end of the year, will have a board with a majority of members who aren’t Fiat executives, company documents show.

Trichet: phasing out crisis measures to take time (AP)

AP - It may take a while yet to phase out the special credit support that was given to banks in the wake of the financial crisis, the European Central Bank's president has said.

Deutsche Bank set to lead likely Basel cash call charge (Reuters)

Reuters - Deutsche Bank is set to lead rivals raising billions of euros as radical new global capital rules to be unveiled this weekend bite, and showed it may be good to get the jump on the pack.

Industrial output surprises economists

Mumbai, Sep 10 : The latest industrial production increase of 13.8 per cent year on year in July has taken the economists by surprise beating the consensus estimates of little over seven per cent.

Gas blast engulfs neighborhood near San Francisco (Reuters)

Reuters - A fiery natural gas explosion ripped through a residential neighborhood in a San Francisco suburb on Thursday, ravaging some 50 homes and killing at least one person, officials said.

China to launch next lunar space mission (AFP)

AFP - China is on track to launch its second lunar satellite by year's end, as the country pursues its plans for a manned mission to the moon by 2020, state media said Friday.

U.K. Factory Prices Rise At Slower Pace In August

U.K. factory output prices rose 4.7% in August compared to the same month a year ago, the Office for National Statistics said on Friday.

Oil jumps to near $76 on U.S. supply outage (Reuters)

Reuters - U.S. crude approached a three-week high near $76 on Friday, after record U.S. inventories were offset by the shutdown of a major pipeline, but a leading forecaster said oil demand would remain tepid.

Nokia brings in Microsoft exec to replace CEO (Reuters)

Reuters - Nokia (NOK1V.HE), the world's top cellphone maker, brought in Microsoft's Stephen Elop to replace its embattled chief executive and lead a renewed effort to compete in the smartphone market.

Stock index futures up (Reuters)

Reuters - Stock index futures pointed to a slightly higher open on Wall Street on Friday, with futures for the S&P 500 up 0.3 percent, Dow Jones futures up 0.1 percent and Nasdaq 100 futures up 0.4 percent at 0850 GMT.

Renault, Peugeot to repay state loan early (AFP)

AFP - French carmakers Renault and PSA Peugeot Citroen said Friday they each plan to pay back a third of their three-billion-euro (3.8-billion-dollar) state loans ahead of time.

Nevada mining industry prepays $123 million in taxes

ELKO -- The Nevada mining industry's net proceeds tax payments have soared to about $123 million for 2010, up from $97.5 million in 2009 and $91.8 million in 2008.

Italian Industrial Output Increased in July Less Than Economists Forecast

Italian industrial output rose less than economists forecast in July as domestic demand remained weak during the country’s export -led economic recovery.

Dubai World wins over most creditors to debt plan (AP)

AP - Dubai World says it has won over nearly all its creditors to its plan to restructure $24.9 billion in debt.

French industrial output rebounds in July

July factory output better than expected: Montek

India's July factory output figures were better than expected and there is a good case for the govt to increase its economic growth target for the current fiscal year, deputy head of the Planning Commission Montek Ahluwalia said.

French Industrial Production Climbs as Recovery Prompts Renewed Investment

French industrial production rose in July as the global economic recovery prompted companies to renew investment.

Insurance industry shows losses for 2009

The insurance industry in Ireland made a loss of €124.5m last year, after a profit of €121.9m a year earlier.

Toyota plant in Australia to build greener engines (AP)

AP - Toyota will build a 300 million Australian dollars ($277 million) plant in Melbourne that will produce greener engines that deliver reduced carbon emissions, the company said Friday.

Egg industry fights limits on cage use

Even before the recent salmonella outbreak, America's egg industry was struggling to fend off another threat: allegations that it was cruel to chickens.

Industrial growth rises to 13.8%

Belying fears of a slowdown, industrial growth accelerated to 13.8 per cent in July from 7.2 per cent in the corresponding month last year, on the back of a 63 per cent jump in capital goods production.

Industrial Production Accelerates, Adding to Rate Pressure on Central Bank

India’s industrial output growth quickened in July, increasing pressure on the central bank to raise interest rates next week for the fifth time this year.

SEC probing certain investment advisory firms: report (Reuters)

Reuters - The securities regulator is investigating investment advisory firms that channel investors' money into hedge funds, the Wall Street Journal reported.

Embryonic stem cell funding allowed - for now (AP)

AP - The government may resume funding of embryonic stem cell research for now, an appeals court said Thursday, but the short-term approval may be of little help to research scientists caught in a legal battle that has just begun.

Jupiter Took a Double Wallop as Amateurs Watched (SPACE.com)

SPACE.com - Two fireballs from collisions with Jupiter in June and August provided a great show for the skywatchers who spotted them, packing a punch and suggesting the gas giant could be in for frequent punishment.

Fallen peanut industry executive now consults

The peanut industry executive whose filthy processing plants were blamed in a salmonella outbreak that killed nine people and sickened hundreds more two years ago is back in the business. Business - Peanut - United States - Peanut Corporation of America - Virginia

NPD:Videogame Industry Retail Sales For August Lowest Since `06

Tempe factory won't be closed; buyer steps up

A Tennessee company that had planned to shut down a Tempe precision-automotive-parts factory instead sold the operation to a local group.

Activist: Beached whale in Brazil can't be saved (AP)

AP - An animal-rights activist says an endangered right whale stranded on a beach in southern Brazil for two days is too weak to be rescued and returned safely to the sea.

Factory toxic gas leak in central China, two injured

A chemical factory in northwest China's Ningxia Hui Autonomous Region reported a toxic gas leak Thursday, injuring two people, according to local authorities.

Video game industry gears up for battle against California law

The industry is expected to file a brief with the U.S. Supreme Court arguing for overturning a state ban on selling or renting violent video games to minors. Girding itself for its final battle, the video game industry will lay out its arguments before the U.S. Supreme Court on why California's ban on the sale or rental of violent video games to minors violates the developers' free speech rights.

USDA sued over genetically modified beet permits (Reuters)

Reuters - Groups opposed to genetically modified foods announced a lawsuit against the U.S. Department of Agriculture on Thursday over the agency's recent decision to allow limited plantings of altered sugar beets.

Alaska sues to lift Arctic drilling suspension (AP)

AP - The state claimed Thursday that the Interior Department illegally halted offshore drilling in Artic waters, even though the department said there's no such moratorium in place.

Summary Box: Jobless claims drop, trade gap falls (AP)

AP - JOBLESS CLAIMS: The number of people signing up for unemployment benefits dropped by 27,000 last week to 451,000, the lowest level in two months.

Snoop Dogg and Norton Team Up to Smoke Cybercrime (LiveScience.com)

LiveScience.com - Snoop Dogg may not be the first person you think of when contemplating cybersecurity, but a new ad campaign from Norton, the antivirus company, hopes to change that. Tha Boss Dogg is the face of Norton's "Hack is Wack" venture, an effort to spread the word about cybercrime to a demographic Norton feels does not take the issue seriously enough.

Cable industry publication gives Sunflower Broadband high marks

A leading cable industry magazine has chosen Lawrence-based Sunflower Broadband as its System of the Year.

Mortgage rates edge up; Housing market still slow (AP)

AP - Record-low mortgage rates failed to pull the housing market out of its funk. Now rates are inching higher, but don't blame them if home sales stay sluggish.

Homeowners, Beware Association Costs (Investor's Business Daily)

Investor's Business Daily - House and condo owners may face extra costs as their homeowner associations struggle with unpaid assessments, the legacy of neighbors hit by job losses and foreclosures.

Shoe seller DSW's operator says 2Q profit jumps (AP)

AP - Retail Ventures Inc., which operates the DSW shoe store chain, posted a 67 percent jump in second-quarter net income as a key revenue figure improved.

Analysis: Obama has tenuous grip on Democrats over taxes (Reuters)

Reuters - Democrats in Congress are distancing themselves from President Barack Obama's push to let taxes rise for the wealthiest Americans, fearing it will further harm them in November's mid-term elections.

Wal-Mart US merchandising now headed by four execs (Reuters)

Reuters - Wal-Mart Stores Inc will remain without a chief merchandising officer for its U.S. stores for now, instead naming four new product heads to take over that responsibility, the retailer said on Thursday.