Detroit secured a commitment for $275 million in bankruptcy exit financing through Barclays Capital, with city officials saying the interest rates on the bonds it will sell came in lower than expected and with broad interest from the bond markets.
A machinist in Colorado Springs. Orders for equipment by businesses rose at an annual rate of 10.7 percent in the second quarter. Credit Michael Ciaglo/The Colorado Springs Gazette, via Associated Press.
Japan's inflation rate was unchanged in July after slowing the previous month, highlighting the challenge Governor Haruhiko Kuroda faces in achieving the central bank's price-growth target.
This Friday, Aug. 22, 2014, photo shows people walking along Waikiki Beach in Honolulu. State tourism officials planned to discuss industry goals for the upcoming year during a meeting Thursday, Aug. 28, 2014.
A new service is turning Instagram into an instant shopping opportunity. It's called Like2Buy. So far Nordstrom, Target, Saks, and Charlotte Russe are using the service and are linking to their Like2Buy pages from Instagram.