Geithner to testify at House hearing on China yuan (Reuters)

Reuters - Treasury Secretary Timothy Geithner will present the Obama administration's latest view of what the United States should do to press China to reform its exchange rate practices at a hearing next week, a key Democratic lawmaker said on Thursday.

Critics say Mexico needs to learn from Colombia (AP)

AP - With a blunt remark that grated on Mexicans, Washington's top diplomat was merely echoing a growing concern about the alarming violence and instability being caused by Mexico's war on drug cartels.

Casey's in buyout talks with 7-Eleven (Reuters)

Reuters - Casey's General Stores Inc confirmed it was in buyout talks with convenience store operator 7-Eleven, which offered the company $40 per share in cash earlier this month.

Serbia backs compromise U.N. resolution on Kosovo (Reuters)

Reuters - In a concession to the European Union that it hopes to join, Serbia supported a compromise U.N. resolution on Kosovo on Thursday that dropped its earlier demands to reopen talks on the status of its former province.

Why Foreign Businesses in China Are Getting Mad (Time.com)

Time.com - Foreign businesses in China are voicing growing frustration about the country's heavily regulated market -- a bureaucratic maze many say is deliberately designed to hamstring non-Chinese players to the advantage of their local competitors

Rachel Corrie v. Israel Trial: Contradictions Emerge (Time.com)

Time.com - The family of American activist Rachel Corrie, who was killed by an Israeli army bulldozer, is fighting a civil suit in Israel's courts, forcing the authorities to reveal details of her death

UN soldier shot and robbed outside Haitian bank (AP)

AP - The United Nations mission in Haiti says one of its peacekeepers and a civilian woman have been shot by robbers outside a bank in the capital.

EPA wants to know chemicals used in gas drilling (AP)

AP - The Environmental Protection Agency asked nine natural gas companies Thursday to voluntarily disclose the chemical components used in a drilling technique called hydraulic fracturing.

Iran to free female American for holiday clemency (AP)

AP - Iran said Thursday it will free Sarah Shourd, one of three Americans jailed for more than 13 months, as an act of clemency to mark the end of the Islamic holy month of Ramadan.

IMF to sell 400 million dollars' worth of gold to Bangladesh (AFP)

AFP - The International Monetary Fund on Thursday announced it would sell 10 metric tons of gold to Bangladesh, worth around 403 million dollars.

Wall Street buoyed by upbeat economic data (Reuters)

Reuters - Stocks rose on Thursday as stronger-than-expected jobs and trade data helped lift optimism about the economic recovery, although sentiment was fragile as investors fretted over European banks.

Ford calls dealers to discuss Lincoln's future (Reuters)

Reuters - Ford Motor Co has invited Lincoln dealers to a meeting in October to discuss its plans to breathe new life into the lagging luxury brand at a critical time for many of its U.S. retailers.

Sudan's Darfur rebels say attacked by Ugandan LRA (Reuters)

Reuters - A Darfur rebel group said on Thursday it was attacked by Ugandan Lord's Resistance Army guerrillas in Sudan's west.

Mortgage rates edge up; Housing market still slow (AP)

AP - Record-low mortgage rates failed to pull the housing market out of its funk. Now rates are inching higher, but don't blame them if home sales stay sluggish.

Shoe seller DSW's operator says 2Q profit jumps (AP)

AP - Retail Ventures Inc., which operates the DSW shoe store chain, posted a 67 percent jump in second-quarter net income as a key revenue figure improved.

Suicide car bombing in southern Russia kills 17 (AP)

AP - Russian Prime Minister Vladimir Putin blamed extremists "without souls, without hearts" for a suicide car bombing that killed 17 people Thursday in the crowded central market of a city in the North Caucasus.

U.S. Marines take back pirate-held ship off Somalia (AP)

AP - U.S. Marine commandos stormed a pirate-held cargo ship off the Somalia coast Thursday, reclaiming control and taking nine prisoners without firing a shot in the first such boarding raid by the international anti-piracy flotilla, U.S. Navy officials said.

Air India bomb perjury trial starts in Canada (Reuters)

Reuters - A Canadian man's own actions will prove he lied to a court about having no knowledge of the conspiracy that led to the deadly bombing of Air India Flight 182 in 1985, prosecutors said at the start of a perjury trial on Thursday.

SC had tax liens against gov hopeful's family biz (AP)

AP - A business owned by the family of South Carolina Republican gubernatorial candidate Nikki Haley has been penalized for failing to pay taxes three times since 2003, according to records obtained by The Associated Press.

Wal-Mart US merchandising now headed by four execs (Reuters)

Reuters - Wal-Mart Stores Inc will remain without a chief merchandising officer for its U.S. stores for now, instead naming four new product heads to take over that responsibility, the retailer said on Thursday.

Fears of a second recession ease, at least for now (AP)

AP - No, the economy isn't roaring ahead. And no, companies aren't making lots of job offers. But a fresh batch of economic data Thursday at least eased summertime fears that the economy might be on the brink of another recession.

(AP)

AP - Iran says female American held for more than year will be released.

Four escape U.S. custody at Iraq prison that held Saddam (McClatchy Newspapers)

McClatchy Newspapers - BAGHDAD — Four prisoners escaped a maximum-security U.S. military facility housing al Qaida in Iraq suspects and former members of Saddam Hussein's regime, officials said Thursday, in an embarrassing development for American forces as they hand over security operations in Iraq.

McDonald's France lags in August, shares fall (Reuters)

Reuters - McDonald's Corp's European sales growth fell in August from the sizzling levels it experienced for much of the year due to weakness in France, which generates the company's biggest European sales, and its shares fell nearly 3 percent.

As Wall Street Sheriff, Coffey would be discreet (Reuters)

Reuters - New York state attorney general candidate Sean Coffey on Thursday said he was the only contender qualified to police Wall Street and called Democratic rivals career politicians fixated on becoming governor.

Irish bonds rebound, banks hold ground after Anglo (AP)

AP - Investors welcomed Ireland's plan to split up its most debt-crippled bank, Anglo Irish, by bidding strongly Thursday for government bonds. Ireland's battered bank shares also held their ground.

Data shows economic recovery still on track (Reuters)

Reuters - New U.S. claims for unemployment benefits fell more than expected last week to a two-month low, while the trade deficit narrowed sharply in July, hopeful signs for the stuttering economic recovery.

World waits for unveiling of NKorean heir apparent (AP)

AP - North Korean children are already singing the praises of the young man in line to become the reclusive nation's next leader, analysts say, but the rest of the world doesn't even know the age, or, until recently, how to spell the name of Kim Jong Il's youngest son.

Web Impostors May Face Prison in California (BusinessWeek)

BusinessWeek - California Web impostors beware: You may soon be breaking the law, even if you aren't one of the perpetrators targeted by the state's "e-personation" bill.

Australian regulators reject NAB bid for AXA Asia Pacific (AFP)

AFP - Australian regulators rejected National Australia Bank's 12.2 billion US dollar bid for financial firm AXA Asia Pacific on competition concerns Thursday, in a move welcomed by rival suitor AMP.

FDIC's Bair warns of government "exposure" in mortgages (Reuters)

Reuters - A key U.S. banking regulator raised concern on Wednesday about the risk of "exposure" the government is taking on in the mortgage market and urged more stringent standards for underwriting mortgages.

Germany considers scrapping the draft (The Christian Science Monitor)

The Christian Science Monitor - The young man playing with kids at the Main Krokodile preschool here isn't your typical caregiver. He's among the tens of thousands of Germans who fulfill their military service by working with children, the elderly, or the disabled. The head of the school, Berndt NiedergesÃ¤ss, is all for it: "The children love dealing with men," he says.

Flash crash report: plunge still a mystery: sources (Reuters)

Reuters - Regulators probing the stock market "flash crash" last May still have not uncovered a single cause but will point to "stub quotes" and other previously identified issues as having exacerbated the market's dramatic drop, according to two sources familiar with the probe.

Banging a Drum for the MDG Summit (OneWorld.net)

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.