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ECB Cuts Growth Forecast, Saying It's Ready to Expand Stimulus if Needed
FRANKFURT - The European Central Bank opened the door to an increase in its economic stimulus program on Thursday as it issued a more pessimistic growth forecast.
FOREX-Euro steadies after recent gains, focus on ECB comments  Reuters
Analysts Respond to ECB Chief Mario Draghi's Comments  Wall Street Journal
Jobless claims rise, but labor market strengthening, say experts
Applications for unemployment benefits rose to 282,000 last week, higher than economists expected, but lower on average for the 23rd week in a row, a sign typical of a strengthening labor market.
Jobless Claims in U.S. Rose More Than Forecast Last Week  Bloomberg
Applications for jobless aid rise  Los Angeles Times
VW's finance chief set to become new chairman
BERLIN Volkswagen's (VOWG_p.DE) finance chief Hans Dieter Poetsch is set to become its next chairman, putting Europe's biggest carmaker on course for calmer waters after rival factions including ousted patriarch Ferdinand Piech united to back him.
VW to propose CFO Poetsch as chairman  The Detroit News
Volkswagen CFO Hans Dieter Poetsch to become chairman of supervisory board  Press Examiner
Canada's Trade Deficit Narrows in July
OTTAWA—Canada's trade deficit narrowed in July, beating expectations and bolstering hopes the economy is improving after a weak first half of the year.
WRAPUP 1-Shrinking US trade gap shows economy's underlying strength  Reuters
US Trade Deficit Drops to $41.9 Billion in July  ABC News
France says wing part found on Reunion island definitely from MH370
PARIS The piece of wing found on the shore of Reunion Island in the Indian Ocean has been formally identified as part of the wreckage of Malaysian Airlines flight MH370, the Paris prosecutor said on Thursday.
'Certainty' that Reunion debris from MH370, French official says  CNN International
MH370: Reunion wing debris 'certainly' from missing flight  BBC News
How Friday's Jobs Report Could Affect Interest Rates
Recent global market shocks have put the Federal Reserve in a bind: Should the central bank try to calm nerves on Wall Street by postponing a long-awaited interest rate hike?
Further dollar rally hinges on Fed hiking rates soon: Reuters poll  Reuters
Stock Market Turmoil: Dow Opens Higher on Solid Jobs Data
Verizon's AOL to Buy Millennial Media for About $250 Million
Verizon Communications Inc.'s AOL Inc. agreed to buy ad technology company Millennial Media Inc. for about $250 million, giving it another tool as it mounts a challenge to Google Inc. in mobile advertising.
AOL Continues Push to Rival Google and Facebook With Millennial Media Buyout  Wall Street Journal (blog)
AOL to acquire Millennial Media, a mobile ad firm, for about $250 million  Fortune
General Mills selling Green Giant brand to B&G Foods for $765 million
General Mills (GIS) plans to sell its vegetable brands Green Giant and Le Sueur to B&G Foods (BGS) for $765 million, General Mills said Thursday.
B&G Foods Agrees to Buy Green Giant and Le Sueur Brands  New York Times
UPDATE 1-B&G Foods to buy General Mills' Green Giant business for ...  Reuters
Lost sheep with overgrown coat found and shaved, yields enough wool to make 30 ...
A lost sheep whose coat was so overgrown it threatened its life has been found and shaved, breaking an unofficial world record in the process.
Lost Aussie sheep found in the wild, yields 89 pounds of fleece  CBS News
The sheep had spent five years in the wilderness in Australia RSPCA/EPA  The Times (subscription)
Diodes to Buy Pericom Semiconductor for $400 Million
Diodes Inc. DIOD 7.51 % has agreed to buy Pericom Semiconductor Corp. PSEM 37.36 % for about $400 million, including the company's cash, creating a semiconductor company with $1 billion in annual revenue.
SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders of ...  MarketWatch
Chipmaker Diodes to buy Pericom for $400 mln  Reuters