Reuters - Foster's Group Ltd , Australia's largest brewer, said it rejected a private equity offer worth up to $2.5 billion for its wine unit as too cheap and would continue with the split of its beer and wine businesses.
AFP - Two workers were missing and more than 30 others were trapped on an oil rig off China's northeast coast after the platform leaned dramatically, state media reported Wednesday.
Reuters - Republicans in Congress showed little willingness to help President Barack Obama approve billions of dollars in measures to boost the economy with midterm elections less than two months away.
AFP - A powerful Muslim politician went on trial Wednesday, accused of murdering 57 people in the worst political massacre in the Philippines, AFP reporters in the courtroom said.
AP - Most Asian stock markets slumped in early trading Wednesday, pressured by renewed concerns over the health of European banks following a report that the region's banks may have more risky government debt.
AP - Men armed with assault rifles burst into a shoe factory and opened fire Tuesday, killing at least 15 workers and wounding eight, Honduran authorities said.
AP - Tensions emerged on the first full day of Australia's new minority government's rule Wednesday between the deputy prime minister and a kingmaker independent legislator over plans to make mining companies pay more tax.
AP - The United Nations reported Tuesday that more than 500 systematic rapes were committed by armed combatants in eastern Congo since late July — more than double the number previously reported — and accepted partial responsibility for not protecting citizens.
AP - American movie star Angelina Jolie met flood victims in northwestern Pakistan and appealed to the international community to provide aid needed to help the country recover from its worst natural disaster.
AP - The top U.S. and NATO commander in Afghanistan warned an American church's threat to burn copies of the Muslim holy book could endanger U.S. troops in the country and Americans worldwide.
AP - Microsoft Corp. co-founder Bill Gates and billionaire investor Warren Buffett plan to sell the art of giving to China's super rich in a visit later this month that's already sparked some soul searching among the world's second-largest number of billionaires.
AP - A car bomb ripped through a police compound in a northwestern Pakistani city, killing 14 women and children and three officers, the latest in a string of attacks proving that Islamist militants remain a potent force in the country.
AP - A magnitude-5.1 aftershock that hammered New Zealand's earthquake-hit city of Christchurch on Wednesday morning sparked evacuations and fresh damage to buildings, causing authorities to extend a state of emergency for another week.
Reuters - Hewlett-Packard Co sued former Chief Executive Mark Hurd and asked a court to block him from joining Oracle Corp, saying his hiring by the rival technology firm puts HP's trade secrets "in peril."
Investor's Business Daily - If there was any chance President Obama would move to extend the upper-income Bush tax cuts before the midterm elections, it likely died over the weekend.
OneWorld.net - NEW
YORK, Sep 7 (IRIN) - Activists are pulling out all the stops
ahead of a development summit at UN headquarters on 20-22 September.
Pro-aid and anti-poverty lobbyists are trying everything from giant
letters to banging pans to raise awareness of the high-level event.
AP - An Iraqi soldier fired a barrage of bullets at American troops protecting one of their commanders during a visit to an Iraqi army base Tuesday and killed two of them, the first U.S. servicemen to die since President Barack Obama declared an end to combat operations in the country last week.
McClatchy Newspapers - ASHEQUE, Afghanistan — Zhari, the birthplace of the Taliban movement and once again a major stronghold of the Taliban insurgency, looks set to become a battle zone where some 2,400 U.S. troops will lead an attempt to reclaim the region for the Afghan government.
Reuters - U.S. stocks fell in very light volume on Tuesday as investors seized on renewed concerns about European banks as a reason to sell shares after strong gains last week.
AP - The Obama administration is trying to jump-start its sputtering attempts to tackle the foreclosure crisis with an effort to assist homeowners who owe more on their properties than their homes are worth.
AP - President Barack Obama's proposed tax breaks for business sound like ideas that have enjoyed broad Republican backing in the past. But in today's toxic political atmosphere, he's unlikely to get much — if any — GOP help.
The Motley Fool - The bears and bulls were battling as ferociously as ever over the past month. Let's dive right into the debate, through the words of some of the world's greatest investors.
Reuters - China's state-owned Sinochem Corp has invited Temasek, the Singapore sovereign wealth fund, to join a consortium that may bid for Canada's Potash Corp , the world's largest fertilizer supplier, sources with knowledge of the matter said on Tuesday.
AP - Digital River Inc. on Tuesday said that it has bought online software and book retailer Journey Education Marketing Inc. for an undisclosed amount.
AP - European Union nations agreed to create new financial oversight institutions Tuesday, hoping to prevent a repeat of the government debt crisis that nearly left Greece bankrupt and brought the European banking system to its knees.
The Christian Science Monitor - South Korea on Tuesday recovered a fishing boat and its seven-man crew from North Korea after agreeing to an exchange that analysts see as auguring well for inter-Korean reconciliation â though not for an end to the Northâs nuclear program.
AP - NYSE Euronext said Tuesday the trading volume for equity and derivative produces rose significantly in August, pushed up by a spike in U.S. equity trading.
BusinessWeek - Don't expect an Elizabeth Warren-style campaign for the first director of the Office of Financial Research, yet another agency set up under the financial system overhaul. Unlike the pending decision over who will lead the Consumer Financial Protection Bureau, which has prompted online petitions and a viral rap video in support of the Harvard law professor, the competition over who will be the head of the research office is a wonks-only affair. ...
Reuters - Chinese officials have ordered state companies to meet investment bankers to explore ways to block BHP Billiton's $39 billion bid for Potash Corp, a source with direct knowledge of the matter said.