Ohio company seeks $8.7B in stimulus money to make passenger trains for Obama’s rail planCOLUMBUS, Ohio — State transportation officials agreed Thursday to support a private company’s bid to make passenger trains that would run on President Barack Obama’s proposed high-speed rail network. Procter & Gamble cuts prices, boosts promotions to pave way for sales rebound this yearCINCINNATI — The world’s largest consumer products maker is finding that “new and improved” is still good, but “lower price” is working better. Ski resorts offering special deals to lure locals to the slopes amid stagnant travel marketSALT LAKE CITY — A struggling economy is turning out to be good news for skiers and snowboarders who live close enough to mountains that they can hit the slopes every weekend. Trade deficit grows, but growth in imports and exports shows demand rising as recession fadesWASHINGTON — The ending of the recession is reviving global trade, increasing U.S. imports by a record amount in July and boosting foreign demand for American goods for a third straight month. GM European unit Opel to go to Magna, Sberbank consortiumBERLIN — General Motors Co. will sell European unit Opel to Canadian auto parts maker Magna International and Russia’s Sberbank in a deal that preserves GM’s ability to develop new cars with its longtime subsidiary. New jobless claims fall more than expected to 550,000, total unemployment rolls also dropWASHINGTON — First-time claims for jobless benefits fell more than expected last week, evidence that companies are laying off fewer workers as the economy improves. Stocks hold on to most of their gains as the Fed reports improving business conditionsNEW YORK — Stocks are holding most of their gains as the Federal Reserve reports that most of the country is seeing economic activity stabilize or improve. Disney takes page from Comic-Con; hopes to boost enthusiasm by romancing fans at expoLOS ANGELES — Taking a page from the wildly popular Comic-Con, Disney is wishing upon a four-day expo this weekend to draw more enthusiasm from its loyal and well-wired fan base. Campbell Soup Co. earnings due Friday for fourth quarter, when soup sales lowestMOUNT LAUREL, N.J. — Campbell Soup Co. reports the results for its fiscal fourth quarter on Friday. The following is a summary of key developments and analyst opinion related to the period. Stocks rise as commodities prices rally, dollar stays near recent lows; industrials climbNEW YORK — Rallying industrial companies sent the stock market higher Wednesday as investors awaited the Federal Reserve’s latest assessment of the economy. Pinnacle Airlines traffic fell 3.5 percent in August, though occupancy rose to 80 percentMEMPHIS, Tenn. — Regional airline operator Pinnacle Airlines Corp. said its August traffic fell 3.5 percent. Stocks trade slightly lower as commodities prices rally, dollar stays near recent lowsNEW YORK — Rallying industrial companies are helping to send the overall stock market higher as investors await the Federal Reserve’s latest assessment of the economy. Palm’s Pre will get a cheaper, lighter sibling with holiday release of Pixi smart phoneSAN FRANCISCO — Palm Inc., which revitalized its product line with the Pre smart phone launch in June, is hoping to keep momentum going with the release of a lighter, cheaper handset called the Pixi. Israeli rights group’s tally of Gaza war: 1,387 Palestinians killed, 773 of them noncombatantsJERUSALEM — Well over half of nearly 1,400 Palestinians killed in Israel’s Gaza war were civilians, including 252 children younger than 16, a leading Israeli human rights groups said Wednesday, challenging Israel’s claim that most of the dead were militants. Consumer agency announces fines against companies selling dangerous drawstring sweatshirtsWASHINGTON — A federal consumer agency announced fines against four companies Tuesday for improperly selling hooded sweatshirts or jackets that have drawstrings at the neck, posing a safety hazard. Google pushes deeper into Arab world with forum that lets users ask and answer each otherDUBAI, United Arab Emirates — Google Inc. launched an online tool Tuesday that allows Arab users to answer each other’s questions, a move designed to boost the amount of Web content available in Arabic. FDA unveils electronic database to identify food safety problems reported by companiesWASHINGTON — Food makers must alert government officials of potentially contaminated products within 24 hours under a new rule designed to help federal regulators spot food safety issues sooner. Maine, NH and Vermont to hold joint conference with FairPoint executivesPORTLAND, Maine — Executives with FairPoint Communications Inc. will have plenty of questions to answer Wednesday when they face the utility regulatory boards from Maine, New Hampshire and Vermont — at the same time. Google China confident despite loss of former boss; Lee launches $115 million technology fundBEIJING — The new managers of Google Inc.’s China arm expressed confidence Monday the business can grow despite the departure of the high-profile executive credited with expanding its share of the competitive Chinese market. From Shakespeare’s pen to national nuisance, pesky European starlings stubbornly hang onSALT LAKE CITY — The next time the sky darkens with a flock of noisy unwelcome starlings, blame Shakespeare — or, better yet, a few of his strangest fans. Caribbean cracks down on illegal immigration as jobs dry up in tourism-based economiesTOA BAJA, Puerto Rico — First, riot police raided the slum with batons and pepper spray. Then authorities shut off the water and electricity. With an eviction order pending in the courts, police stand sentry outside the shacks belonging mostly to Dominican migrants. Gabon tense but calm after postelection violenceLIBREVILLE, Gabon — Shops were closed and streets deserted in Gabon’s main cities Friday, as a tense calm settled in one day after the government declared late dictator Omar Bongo’s son the winner of presidential elections, triggering the worst violence in years. Study: New, unlicensed swine flu treatment could help patients with Tamiflu-resistant virusesLONDON — A new and unlicensed treatment for swine flu could be used in patients who have Tamiflu-resistant viruses, doctors say. American Eagle traffic fell 3.1 percent in August, but capacity reductions meant fuller planesFORT WORTH, Texas — American Eagle, the regional sister carrier to American Airlines, said Thursday that August traffic fell 3.1 percent from a year earlier, but planes were more crowded thanks to fewer flights. Macerich, private equity firm announce joint venture in Colo. mallSANTA MONICA, Calif. — The operating partnership of Macerich Co., a real estate investment trust that invests in shopping malls, and a private equity firm announced Thursday a joint venture in a Colorado mall. American Airlines says August traffic, capacity fellFORT WORTH, Texas — American Airlines, a unit of AMR Corp., said Thursday that systemwide traffic and capacity fell in August, compared with the same month a year ago, while occupancy rose. Hawaiian Airlines says August traffic, capacity and occupancy roseHONOLULU — Hawaiian Airlines said its systemwide traffic, capacity and load factor rose in August compared with a year earlier. Diebold selling much-maligned US voting machine unit to competitorNORTH CANTON, Ohio — ATM maker Diebold Inc. has sold its much-criticized U.S. voting-machine business to its bigger competitor, Election Systems & Software Inc. of Omaha, Neb. Bidders for British bus-train operator National Express sweeten offerLONDON — The partners bidding to take over National Express Group PLC on Thursday tabled a final indicative offer that values the bus and train operator at 765 million pounds ($1.25 billion). Diebold sells much-maligned US voting machine unit to Election Systems & SoftwareNORTH CANTON, Ohio — Ohio-based ATM maker Diebold Inc. has sold its much-criticized U.S. voting-machine business to a competitor, Election Systems & Software Inc. of Omaha, Neb. |
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