Reuters - Midstream energy services provider Enterprise Products Partners LP said it would buy Enterprise GP Holdings LP for about $8.03 billion to reduce its capital costs and simplify its partnership structure.
AFP - The European Union laid out ambitious goals on Tuesday to strengthen its economy as the European Commission proposed a joint EU-wide bond and ministers approved tighter financial supervision.
AP - The European Union 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.
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. ...
AFP - World oil prices fell on Tuesday as the market reacted to the end of the peak demand season coming at a time when supplies are high, analysts said.
Reuters - Stock index futures fell on Tuesday after reports on the European banking system rekindled concerns about the financial health of the region.
AFP - European powerhouse Germany received a blow Tuesday as orders for its industrial goods unexpectedly dropped significantly in July, following a strong rise the month before, official data showed.
AFP - Two teachers were among five people killed in a string of attacks by suspected militants in Thailand's restive south, sparking calls for schools to be closed, officials said Tuesday.
Reuters - Change swept through the top of Britain's banks on Tuesday as Barclays said its investment banking supremo Bob Diamond will take over as chief executive and HSBC was expected to say its chairman is going into government.
AP - Japan has confirmed the nation's first case of a new gene in bacteria that allows the microorganisms to become drug-resistant superbugs, detected in a man who had medical treatment in India, a Health Ministry official said Tuesday.
AP - A Somali-born Norwegian citizen pleaded not guilty Tuesday to charges of sending over $30,000 to top leaders of an al-Qaida-linked Somali militant group at the start of the first trial under Norway's 2002 terror financing law.
AP - North Korea freed the crew Tuesday of a South Korean fishing boat seized a month ago, a sign the rivals may be talking behind the scenes to improve relations that have plummeted to their lowest point in years since the deadly sinking of a South Korean warship.
AP - Investigators at the wreckage of a UPS cargo plane recovered the flight data recorder Tuesday as experts seek the cause of last week's crash, including a report of smoke in the cockpit.
AFP - Rwandans and the international community need to work together to end President Paul Kagame's rule and pave the way for a democratic transition, exiled leaders said in a report obtained by AFP Tuesday.
AFP - Australian Prime Minister Julia Gillard retained power by a tiny, one-seat majority Tuesday after winning the backing of two key independent MPs in the first hung parliament in decades.
Reuters - American International Group Inc plans to seek Hong Kong listing committee approval on September 21, to list its Asian life insurance unit, aiming to raise about $15 billion, two sources with direct knowledge of the deal said on Tuesday.
Reuters - European Union finance ministers made a fresh attempt on Tuesday to settle their differences over taxation of banks and trading as they prepared to approve the creation of new financial watchdogs.
Reuters - Silicon Valley technology giant Oracle Corp has hired Mark Hurd, the former chief executive of Hewlett-Packard Co who resigned amid a scandal, as president.
Reuters - The U.S. Justice department is looking into Google Inc's takeover of airline ticketing software firm ITA Software Inc, to determine whether the deal would exert too much influence on the online travel industry, the Wall Street Journal said.
AP - On a hilltop overlooking Caracas, dozens of shacks made of wood scraps and corrugated zinc have risen among tall weeds — a new slum tacked on to an old one as the poor face harder times in Venezuela.
The Christian Science Monitor - The rise of the Arab states of the Persian Gulf is a now-familiar tale. Tiny societies of pearl divers, coastal merchants, and nomadic Bedouin were transformed in the last half of the 20th century by oil and natural-gas wealth. Sparkling office towers and hotels sprang into the muggy air, the monarchs that rule these tiny emirates became bywords for financial excess, and newspapers described the region's economic "miracle."
AP - Hallmark Cards Inc., a $4 billion empire built on a demand for printed sentimentality, enters its second century facing a weak economy and what could be an even greater challenge: a generation that has grown up posting its sentiments online.
OneWorld.net - JOHANNESBURG, Sep 3 (PlusNews) - A new, accurate, easy-to-use test can
diagnose tuberculosis (TB) - including drug-resistant strains of the
disease - in less than two hours. It has the potential to save thousands
of lives in developing countries, where current tests are often
unreliable, take weeks to process, or are simply unavailable.
Reuters - Venezuelan President Hugo Chavez has approved a $690 million payment to French retailer Casino and other owners of a supermarket chain nationalized earlier this year, state media said on Saturday.
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.
McClatchy Newspapers - JERUSALEM — Jewish settlers across the West Bank have vowed to begin construction in more than 60 locations, posing a direct challenge to Israeli Prime Minister Benjamin Netanyahu as he returned home from Thursday's first round of direct peace talks in Washington.
AP - Summer is rarely a hot sales season for Campbell Soup Co., and this year's sweltering June and July made that even more true, but the company said Friday that cost-cutting and strong drink sales helped its net income climb.
AP - Private mortgage insurer Mortgage Guaranty Insurance Corp. said Friday it added $1.2 billion in new primary insurance coverage in August and the number of delinquent loans it insures declined.