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  • US consumer confidence near a 7-year high: survey

    U.S. consumer confidence this month reached its highest point in nearly seven years, boosted by strong job gains. The optimism suggests Americans will be more likely to spend in the months ahead, an important boost to the economy.

  • US closes probe into Camry Hybrid brake problems

    An eight-month investigation into brake problems with some older Toyota Camry gas-electric hybrids has been closed without a recall.

  • S&P 500 closes above 2,000 for first time

    It was a big round-number day for the stock market. The Standard & Poor’s 500 index closed above 2,000 points Tuesday for the first time.

  • US durable goods orders surge record 22.6 percent


    Business orders for long-lasting manufactured goods shot up by the largest amount on record in July but much of the strength came from a huge surge in demand for commercial aircraft. Outside of transportation, orders actually fell.

    Best Buy posts mixed results in 2Q

    Best Buy’s fiscal second-quarter net income fell 45 percent, with sales weakening as shoppers continued their move to making purchases online.

    US probes Ford Explorer police SUV brake hoses

    U.S. safety regulators are investigating a complaint that front brake hoses can fail on some Ford Explorer Police Interceptor SUVs.

    Ford adds workers, investment to back MKC output

    Ford has beefed up its workforce and investment at a Kentucky plant to support production of its new Lincoln SUV as the automaker looks to reinvigorate its luxury brand.

    LG bets on pricey OLED technology as future of TVs


    LG Electronics Inc. announced two new giant OLED TVs with ultra-high definition screens Monday, sticking with its strategy of using the exceptionally expensive OLED display technology. A 65-inch model will cost nearly $12,000.

    Sony network hit by attack, exec’s flight diverted

    Sony says its PlayStation Network service for video games was temporarily unusable after being flooded by an online attack.

    Economists say Fed is on ‘the right track’: survey

    A majority of economists believe the Federal Reserve is doing the right things to help repair the U.S. economy, according to a survey released Monday by the National Association of Business Economists. The survey also showed that a vast majority of economists believe the U.S. economy is at little risk of inflation in the coming years.

    Roche to buy US biotech firm InterMune for $8.3B

    Swiss pharmaceutical company Roche says it will buy a California-based developer of treatments for lung diseases, InterMune Inc., in a deal worth $8.3 billion.

    McDonald’s names new US president again


    McDonald’s named a new president for its struggling U.S. division on Friday, marking the second change in the high-profile spot in less than two years. The world’s biggest hamburger chain says it’s bringing back a longtime McDonald’s executive, Mike Andres, to fill the role effective …

    2.2 million bean bag chairs recalled after deaths

    About 2.2 million bean bag chairs are being recalled after two children opened them, crawled inside and suffocated to death. The U.S. Consumer Product Safety Commission said Friday that the zippers on the chairs, which are made by Ace Bayou Corp., can open. A 13-year-old …

    Illinois gets $300M in BofA settlement


    Though only one top banker has gone to jail for this country’s financial and housing crisis, the nation’s attorneys general are negotiating settlements with banks over their roles in the meltdown. On Thursday, Illinois announced it will collect $300 million from Bank of America to …

    Ford recalling more than 160,000 vehicles

    Ford is recalling more than 160,000 vehicles in North America for two safety issues.