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US manufacturing grows at fastest pace in 3½ years

POSTED BY: Associated Press
Tuesday, September 2, 2014 - 10:09 AM

WASHINGTON (AP) — U.S. manufacturing grew in August at the strongest pace in more than three years as factories cranked out more goods and new orders rose.

The Institute for Supply Management, a trade group of purchasing managers, says its manufacturing index rose to 59 from 57.1 in July. Anything above 50 signals that manufacturing is growing.

A gauge of production rose to the highest level in four years, and a measure of new orders jumped to its highest in 10 years. That suggests that the sector should continue to grow in the coming months.


US construction spending up 1.8 percent in July

POSTED BY: Associated Press
Tuesday, September 2, 2014 - 10:05 AM

WASHINGTON (AP) — U.S. construction spending staged a strong rebound in July, rising by the largest amount in more than two years. All major categories of construction showed gains in an encouraging sign that spending on building projects will help boost the economy in the second half of this year.


New York: Bank didn't lend to blacks in Buffalo

POSTED BY: Associated Press
Tuesday, September 2, 2014 - 10:04 AM

ALBANY, N.Y. (AP) — New York's attorney general is accusing a mortgage lender of refusing to offer financing to African-Americans living in Buffalo.

Eric Schneiderman filed a lawsuit in U.S. District Court on Tuesday alleging that Evans Bank intentionally excluded predominantly African-American neighborhoods on the city's east side from its lending area.

In a statement, bank President David Nasca says Evans will "vigorously" defend itself against meritless accusations.


US stock market edges higher in early trading

POSTED BY: Associated Press
Tuesday, September 2, 2014 - 10:00 AM

U.S. stocks are wavering in early trading as investors look ahead to major economic reports out this week. Central banks meet this week in Europe and Japan, and the jobs report for August comes out Friday.

KEEPING SCORE: The Dow Jones industrial average slipped 30 points, or 0.2 percent, to 17,069 as of 9:40 a.m. Eastern time Tuesday. The Standard & Poor's 500 index lost one point, a fraction of a percent, to 2,003. The Nasdaq rose 6 points, or 0.1 percent, to 4,587.


Penn State student gains rep as squirrel whisperer

POSTED BY: Associated Press
Tuesday, September 2, 2014 - 09:40 AM

STATE COLLEGE, Pa. (AP) — A Penn State student is gaining an Internet reputation as a "squirrel whisperer" for befriending, feeding and dressing up a furry little friend she has named "Sneezy."

Junior Mary Krupa tells WJAC-TV (http://bit.ly/1B9IvPf ) that she's able to dress up the squirrel in party hats, or get Sneezy to hold doll-sized props, simply by feeding the animal.

Krupa and Sneezy's exploits are chronicled in a Facebook page titled "Sneezy the Penn State Squirrel."


Halliburton reaches $1.1B oil spill settlement

POSTED BY: Associated Press
Tuesday, September 2, 2014 - 09:40 AM

HOUSTON (AP) — Halliburton says it has agreed to pay $1.1 billion to settle a substantial portion of plaintiff claims arising from the 2010 Gulf of Mexico oil spill.

The settlement, which is subject to court approval, will be paid into a trust until appeals are resolved over the next two years.

Halliburton was BP PLC's cement contractor on the drilling rig that exploded in the Gulf in April 2010, killing 11 workers and triggering the largest offshore oil spill in U.S. history.


US stock market edges higher at open

POSTED BY: Associated Press
Tuesday, September 2, 2014 - 09:36 AM

U.S. stocks are slightly higher in early trading as investors await the actions of global central banks.

The Dow Jones industrial average edged up one point, or a fraction of a percent, to 17,099 as of 9:32 a.m. Eastern time Tuesday. The Standard & Poor's 500 index edged up two points, or 0.1 percent, to 2,005. The Nasdaq gained 11 points, or 0.3 percent, to 4,592.

Investors are looking ahead to central bank meetings this week in Europe and Japan, and waiting for key U.S. employment figures Friday.


Chris Brown pleads guilty to assault in Washington

POSTED BY: Associated Press
Tuesday, September 2, 2014 - 09:35 AM

WASHINGTON (AP) — Chris Brown pleaded guilty on Tuesday to hitting a man outside a Washington hotel, an assault that occurred while the singer was on probation for attacking his then-girlfriend Rihanna.

Brown pleaded guilty to misdemeanor assault and was sentenced to time served. He spent two days in a District of Columbia jail in this case.

The Grammy-winning singer was arrested in October. The victim told police Brown hit him after he tried to get in a picture the singer was taking with two women.


Politico founder to be Washington Post publisher

POSTED BY: Associated Press
Tuesday, September 2, 2014 - 09:28 AM

WASHINGTON (AP) — Katharine Weymouth is stepping down as publisher of The Washington Post and will be replaced by Frederick Ryan, who previously led Politico.

Weymouth, a member of the Graham family that owned the Post for 80 years, announced Tuesday that she will leave the Post after serving for 17 years in various roles. She has been publisher for seven years.

The move follows the sale of the publication last year to Amazon.com founder Jeff Bezos.


Netflix unveils new way to share recommendations

POSTED BY: Associated Press
Tuesday, September 2, 2014 - 09:01 AM

SAN FRANCISCO (AP) — Netflix is giving its Internet video subscribers a more discreet way to recommend movies and TV shows to their Facebook friends after realizing most people don't want to share their viewing habits with large audiences.

Until now, Netflix subscribers linking the service to their Facebook accounts automatically disclosed everything they were watching with a potentially wide-reaching range of people. The company believes the open-ended approach discouraged most Netflix subscribers from connecting their accounts with their Facebook profiles.


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