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- Oil Sheen Spreads After Another Gulf Rig Explodes
- The rig, about 80 miles south of Vermillion Bay along the central Louisana coast, exploded about 9:30 am. CDT Thursday. A mile-long sheen was spreading from the platform, the Coast Guard reported. All 13 people on the rig have been accounted for.
- Dell Cedes Data-Storage Maker 3Par To HP
- Dell Inc. is walking away from a bidding contest with rival Hewlett-Packard Co. for data-storage maker 3Par Inc. Dell said it won't match HP's offer to pay $33 per share for 3Par, or about $2.07 billion.
- In Weight-Loss Struggle, Americans Are Leery Of Pills
- Out-of-pocket costs and side effects are two reasons people are reluctant to try diet drugs or supplements, according to a nationwide survey conducted for NPR. So how much weight would someone have to lose to consider taking them?
- U.N. Delays Release Of Report On Congo 'Genocide'
- A leaked draft of the report accuses the Rwandan army of possible genocide in the Democratic Republic of Congo. Its release was postponed so the Rwandan government, which was infuriated by the accusation, to append its comments.
- Bosses Put Higher Insurance Tab On Workers' Shoulders
- Employers keep shifting a larger share of health costs to their employees. Higher premiums, deductibles and copayments are making health insurance less affordable for people who get coverage at work.
- Feds Sue Arizona Sheriff In Civil Rights Probe
- The Justice Department says Maricopa County Sheriff Joe Arpaio is standing in the way of its investigation by refusing to turn over arrest records and other materials that could show whether he violated the rights of Hispanics pulled over in traffic sweeps.
- Greenpeace Activists Held After Leaving Arctic Oil Rig
- Four members of the environmental group had clung to the rig for two days to protest drilling in the Arctic. They were forced to abandon their protest because of a storm. The rig is owned by Edinburgh-based Cairn Energy.
- Mideast Leaders Agree To 2nd Round Of Peace Talks
- In their first face-to-face negotiations in nearly two years, Israeli and Palestinian leaders on Thursday staked out key positions but hinted at compromise. Obama's special envoy said the two sides also set a schedule for more talks; the next session will be in mid-September in the Middle East.
- Production Platform On Fire South Of Louisiana, U.S. Coast Guard Reports
- An oil rig, 90 miles off the Gulf of Mexico, is on fire, the U.S. Coast Guard reports. Thirteen people on board the rig are accounted for. An explosion was reported shortly after 10:30 a.m. ET.
- Fed's Bernanke: Banks Aren't Too Big To Fail
- Fed Chairman Ben Bernanke told a panel investigating the financial crisis that regulators must be ready to shutter the largest institutions if they threaten to bring down the financial system."If the crisis has a single lesson, it is that the too-big-to-fail problem must be solved," he said.
- Factory Orders Edge Up; New Jobless Claims Fall
- Orders to U.S. factories managed a slight gain in July, boosted by as a surge in demand for commercial aircraft. Meanwhile, the number of people requesting unemployment benefits declined for the second straight week, but the overall level remains high.
- Home Contracts Up; Rates Dip To 4.32 Percent
- The number of buyers who signed contracts to purchase previously occupied homes rose 5.2 percent in July but remained well below last year's levels. And the average rate for a 30-year fixed loan fell to 4.32 percent this week, the lowest level in decades.
- Discounts Spur Sales, But What About The Holidays?
- Many retailers report surprisingly solid gains for August, helped by aggressive discounting, even as unusually hot weather and job worries kept a lid on back-to-school buying. The results are providing a sliver of hope for the economic recovery, but worries remain about the critical holiday season.
- Rapper T.I. And Wife Arrested On Drug Charges
- The rapper and his wife, singer Tameka Cottle, were arrested in Los Angeles Wednesday night after police smelled what appeared to be marijuana coming from their car on Sunset Boulevard.
- Discovery Hostage-Taker Hated Programming
- A gunman police shot to death after he took hostages at Discovery Channel's headquarters said he hated the company's shows such as "Kate Plus 8" because they promote population growth and its environmental programming because it did little to save the planet.
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