Tyson Gay overcame a poor start to edge fellow American Darvis Patton in the 100 meters at the DN Gala meet on Friday, clocking a wind-aided 9.79 seconds. Patton was timed in 9.95 and former world record-holder Asafa Powell of Jamaica finished third in 9.98….

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Bahrain – Middle East – Shopping – Society and Culture – Government

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Tyson Gay wins 100 in wind-aided 9.79

Homebuilder Beazer Homes Inc. on Friday said its board adopted a new shareholder rights plan aimed at preserving the tax benefits it can book from its prior losses. Under the plan, one right will be distributed for each outstanding share as of the close of…

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Belgium – Travel and Tourism – Netherlands – Flanders – Attractions

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Beazer Homes adopts shareholder rights plan

LONDON/RIYADH (Reuters) – A Cayman Islands court has frozen $9.2 billion of assets belonging to Saad Group, the Saudi Arabian investment firm at the center of a financial storm, including some of its equity stakes outside the Gulf.

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Cayman court freezes $9.2 bln of Saad assets

The people who staged Michael Jackson’s memorial service have donated $90,000 to build a tribute to fallen Los Angeles police officers. Anschutz Entertainment Group, which owns Staples Center in Los Angeles, donated money received from the sale of 18 luxury…

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Michael Jackson – Los Angeles – Los Angeles Police Department – Staples Center – Anschutz Entertainment Group

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Jackson tribute provides money for LAPD project

WASHINGTON/DETROIT (Reuters) – The successful “Cash for Clunkers” program that gives drivers a rebate to turn in an old car to buy a new one moved closer to being extended on Friday when the U.S. House approved $2 billion for the program, which a dealership group said was pumping auto sales.

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Congress tries to extend autos “clunkers” plan

WASHINGTON (Reuters) – The deepest U.S. recession since the Great Depression showed signs of easing in the second quarter, buttressing hopes for a second-half recovery, though it may be anemic as consumers are still strapped for cash.

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U.S. economy shrinks modestly

Traders used good news about the economy Friday to give the Dow Jones industrials their best July in 20 years. Stocks closed mostly higher Friday after the government said the economy shrank at a slower pace than expected in the April-June quarter. Gross…

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Gross domestic product – Business – Economy – Investing – Stocks and Bonds

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Dow enjoys strongest July in 20 years, up 8.6 pct.

WASHINGTON (Reuters) – The sharp contraction in the U.S. economy “seems to be ending” but recovery will be slow with risks still looming from the weak labor and housing markets, the International Monetary Fund said on Friday.

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IMF: Worst over for U.S. but recovery to be slow

WASHINGTON (Reuters) – Eye-popping Wall Street bonuses could be banned by the U.S. government if pay packages are deemed to encourage “inappropriate risks,” under a bill approved on Friday by the U.S. House of Representatives.

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Executive pay limits advance in U.S. Congress

Additional money comes shortly after news spread that funds available for refunds had been exhausted

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U.S. House approves $2B influx for popular ‘Cash for Clunkers’ program

In a July 28 story about the aftermath of a court settlement involving indigent patients dumped on Skid Row, The Associated Press erroneously reported that patients found with colostomy bags and intravenous tubes attached to their bodies were from College…

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Skid row – Homelessness – Homeless dumping – Hospital – Los Angeles

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Correction: Homeless Dumping story

The dollar closed the week out lower as a report showed the decline in U.S. economic output was vastly improved in the second quarter. Bad signals from economic reports and poor earnings tend to help the dollar as investors seek safety, often in U.S….

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United States – Gross domestic product – US – Business – Economic

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Dollar slides sharply as GDP decline moderates

EBay Inc. is developing software it might use to continue running the online telecommunications service Skype if it cannot resolve a legal dispute with a separate company run by the service’s founders. In a filing this week with the Securities and Exchange…

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EBay working on alternative software for Skype

Two union-backed groups that have spent years criticizing Wal-Mart Stores Inc.’s wages and benefits say they’re going to merge. Wal-Mart Watch, backed by the Service Employees International Union, the United Food and Commercial Workers Union’s…

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Wal-Mart – United Food and Commercial Workers – Wal-Mart Watch – Service Employees International Union – Business

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Anti-Wal-Mart groups merge

Oil prices posted their first monthly decline since January with summer driving season petering out and petroleum stockpiles piling up. Analysts said the flattening of oil prices in July could be a prelude to an extended drop. Speculators may continue to pump…

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New York Mercantile Exchange – London – Business – Oil Prices – Energy

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Oil prices up, but decline for the month