Economy slows as analysts warn of sluggish year ahead
Federal data show growth at a meager 1.6 percent for spring, revised down from 2.4 percent. Bernanke says the Fed will act if needed to prevent a second recession, while markets rally on assurances. Unemployment sits near 9.5 percent as housing and manufacturing cool.
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Threatened BlackBerry Ban Averted in India
India withdraws threat to ban BlackBerry services for at least two months after RIM agreed to provide lawful access to encrypted data. Home Ministry will review proposals over 60 days as telecom studies feasibility of routing through an Indian server. About 1 million users could have been affected.
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Hollywood summer box office bucks rise on ticket price surge
Hollywood reports record revenue for the summer with about 4.35 billion domestic receipts from May to Labor Day, driven by higher ticket prices and 3-D screenings. Attendance is set to 552 million tickets, the lowest since 2005, as some audiences stayed away despite hits like Toy Story 3 and Iron Man 2.
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Chrysler dealers weigh Fiat mini cars in U S comeback
At a Detroit meeting about 400 Chrysler Group dealersconsider selling Fiat 500 the initial 2011 model. Fiat tied to a 50 000 unit first year goal with plans for four versions later and an electric model in 2012. Initially 165 dealers in 125 markets will offer the car starting December.
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