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Focus turns to U.S. data as China slowdown looms

NEW YORK - After a dizzying two weeks that saw a rapid plunge and rebound in equity prices, investors are looking forward to a week of economic data that may provide clarity on the likelihood of a near-term U.S. interest rate hike and help tamp down the market's recent wild swings.

Recent Business News

Myanmar sets $2.80 daily minimum wage in bid to boost investment

YANGON - Myanmar has set a minimum wage of 3,600 kyat ($2.80) for an eight-hour work day, a move likely to boost investment in the fast-growing country's garment industry.

6:47am EDT

Exclusive: Russia's Kaspersky threatened to 'rub out' rival, email shows

SAN FRANCISCO - In 2009, Eugene Kaspersky, co-founder of one of the world's top security companies, told some of his lieutenants that they should attack rival antivirus software maker AVG Technologies N.V. by "rubbing them out in the outhouse," one of several previously undisclosed emails shows.

28 Aug 2015

Exclusive: Carlyle looks to sell Landmark Aviation for $1.7 billion

- Private equity firm Carlyle Group LP has been exploring a sale of aircraft leasing and maintenance company Landmark Aviation for as much as $1.7 billion, including debt, people familiar with the matter said on Friday.

FedEx pilot union's executive council votes in favor of labor contract

- FedEx Corp pilot union's executive council has voted in favor of a tentative contract that seeks better employment terms including higher hourly pay rates and retirement plan enhancement, the Air Line Pilots Association said.

28 Aug 2015

Pentagon teams up with Apple, Boeing to develop wearable tech

MOUNTAIN VIEW, Calif. - U.S. Defense Secretary Ash Carter awarded $75 million on Friday to help a consortium of high-tech firms and researchers develop electronic systems packed with sensors flexible enough to be worn by soldiers or molded onto the skin of a plane.

Tech, Science 28 Aug 2015

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