BSD to sell
BSD Medical, a Utah-based provider of medical systems that use heat to treat cancer, has obtained approval to sell its products in Russia. They will be marketed by MSM-Medimpex, a distributor of radiation therapy and other medical devices. BSD said the approval covers all of its hyperthermia systems.
begin in Gulf
Oil companies are evacuating some Gulf of Mexico oil rigs in advance of Tropical Storm Isaac. For now the storm is close to the Dominican Republic and Haiti. But oil installations would be at risk if it heads to the Gulf of Mexico and reaches hurricane strength.
Signs that U.S. manufacturing is faltering emerged from a report that said orders for long-lasting factory goods fell in July for the fourth time in five months. Durable goods are items meant to last at least three years. Orders for so-called core capital goods, a key measure of business investment plans, fell 3.4 percent.
made U.S. money
The federal government made $62.4 million selling stock in four small banks bailed out during the 2008 financial crisis. The profits will help offset losses in the broader bailout that saw the government loan $415 billion to financial institutions and automakers under the Troubled Asset Relief Program, or TARP.
PC, chip demand
fell off this year
What once looked like a good year for computers and chips has now fizzled. Researchers at IHS iSuppli said global computer chip shipments fell 0.1 percent, down from forecasted growth of up to 3 percent. IDC, another research firm, said PC sales also have slowed. It expects shipments to grow 0.9 percent this year instead of the 5 percent growth projected in March.
Egg shortage has
The Mexican government is battling an egg shortage and hoarding that have caused prices to spike in a country with the highest per-capita egg consumption on earth. It announced about $227 million in emergency measures to restore production and replace about 11 million chickens killed after a June bird flu outbreak.
shrank in Q2
Britain's economy shrank by 0.5 percent between April and June slightly less than previously feared although figures still show the country is stuck in recession. The Office for National Statistics said the revision from a 0.7 percent drop was in part due to a milder-than-forecast drop in manufacturing and construction.