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Caterpillar posts higher second-quarter profit; sales fall

By James B. Kelleher (Reuters) – Caterpillar Inc reported higher-than-expected second-quarter earnings on Thursday yet said sales fell as a continued slump in the global mining industry offset a rebound…

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China probes food businesses; Hong Kong bans imports in meat safety scare

SHANGHAI (Reuters) – China's food regulator has visited close to 600 restaurants, businesses & food distributors as it investigates a fast-spreading food safety scare that has dragged in a number…

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Morgan Stanley to pay $275 million penalty for misleading RMBS investors

By Emily Flitter & Sarah N. Lynch NEW YORK/WASHINGTON (Reuters) – The U.S. Securities & Exchange Commission said on Thursday it had charged Morgan Stanley with misleading investors approximately two…

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Results, jobs data buoy Wall Street, S&P eyes 2,000

By Rodrigo Campos NEW YORK (Reuters) – The S&P 500 hit a record high for a third straight session on Thursday, lifted by jobs data & earnings, yet a weak…

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U.S. jobless claims lowest since early 2006; new home sales tumble

By Lucia Mutikani WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits fell to the lowest level in nearly 8-1/2 years last week, suggesting the labor…

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World shares subdued amid Russia sanctions report

TOKYO (AP) — World shares were rattled Thursday by reports the European Union is weighing stiffer financial sanctions against Russia. A further pickup in China's manufacturing in July failed to…

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South Korea unveils stimulus after ferry sinking

SEOUL, South Korea (AP) — South Korea's government announced a $40 billion stimulus plan Thursday after the shock of a deadly ferry sinking slowed economic growth to the lowest level…

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Indonesia's Prabowo faces uncertain fate in opposition

By Kanupriya Kapoor & Jonathan Thatcher JAKARTA (Reuters) – After spending a decade, & a chunk of the family fortune, in trying to become Indonesia's president, an outraged Prabowo Subianto…

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India angered by basketball's no turban rule

NEW DELHI (AP) — India's sports minister has criticized the 'no-headgear' rule of basketball's world body FIBA after two Sikh players on the national team were told to remove their…

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Russia concerned by U.S. proposal for missile shield in South Korea

MOSCOW (Reuters) – Russia voiced concern on Thursday over a U.S. proposal to station elements of a missile defense shield in South Korea, saying the move could provoke an arms…

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