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Burning rig owned by Mariner Energy: reports
HOUSTON (Reuters) - A burning oil platform in the Gulf of Mexico is owned by Mariner Energy, according to trade sources and local media reports.

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Rapper T.I. arrested for drug possession in LA
NEW YORK (Reuters Life!) - Rapper T.I. has been released from jail after being arrested in Los Angeles for possessing drugs, police said Thursday.

Drug gangs prey on migrants in risky Mexico journey
GUATEMALA CITY (Reuters) - Hermelindo Maquin set out from his home in the Guatemalan countryside in early August, leaving behind his small farm and pregnant wife as he began the long, perilous journey to the United States.

BP begins removing cap from Gulf well
HOUSTON (Reuters) - BP Plc said it had begun removing a cap from equipment atop its ruptured Gulf of Mexico oil well on Thursday, the first of several steps in advance of plugging the leak for good.

HP wins 3PAR for $2.4 billion, Dell bows out
NEW YORK (Reuters) - Hewlett-Packard Co won the bidding war to buy data storage company 3PAR Inc for $2.4 billion, after rival Dell Inc bowed out from a drawn-out bidding war on Thursday.

Putin says no grain exports before 2011 harvest
MOSCOW/SARATOV, Russia (Reuters) - Russia abruptly signaled Thursday it would extend a grain export ban until late 2011 and ordered authorities to prevent speculators driving up food prices after the worst harvest in years.

Soy may ease sleep problems in older women
NEW YORK (Reuters Health) - The estrogen-like compounds found in soy could help postmenopausal women get a better night's sleep, according to a small study.

Burger King agrees to be sold for $3.26 billion
LOS ANGELES/NEW YORK (Reuters) - Burger King Holdings Inc , the No. 2 U.S. fast-food chain, agreed to sell itself to investment firm 3G Capital for about $3.26 billion in a deal analysts said would give the restaurant breathing room to fix its business.

Pakistan gets IMF relief, tightens security
LAHORE, Pakistan (Reuters) - The International Monetary Fund will give Pakistan $450 million in emergency flood aid, providing some relief for a government overwhelmed by the disaster and facing renewed militant violence.

Coast Guard responding to possible rig blast in Gulf
HOUSTON (Reuters) - The U.S. Coast Guard was flying helicopters to a possible offshore drilling rig explosion in the Gulf of Mexico, a Coast Guard spokesman said.

U.S. workers see higher health costs, less care
WASHINGTON (Reuters) - U.S. companies are cutting healthcare costs further amid a continuing sour economy, scaling back benefits and shifting a greater share of the expense to employees.

Workers see higher health costs, less care
WASHINGTON (Reuters) - Companies are cutting healthcare costs further amid a continuing sour economy, scaling back benefits and shifting a greater share of the expense to employees.

Mortgage rates hit record low: Freddie Mac
NEW YORK (Reuters) - U.S. mortgage rates fell in the past week to the latest in a series of record lows as yields on government debt dropped, according to a survey released on Thursday by Freddie Mac, the second-largest U.S. mortgage finance company.

Pending homes sales rise and jobless claims dip
WASHINGTON (Reuters) - Pending sales of previously owned U.S. homes rebounded unexpectedly in July and new claims for jobless benefits fell last week, hopeful signs for the sputtering economic recovery.

Wall Street gains on housing and jobless data
NEW YORK (Reuters) - Stocks rose on Thursday, building on their best day in eight weeks in the previous session, as data showed pending home sales improved and initial jobless claims declined.

Nations meet on climate cash, U.N. sees long haul
GENEVA (Reuters) - About 45 nations met on Thursday to seek ways to raise billions of dollars in aid to help the poor combat climate change as the United Nations warned them of a long haul to slow global warming.

Israelis and Palestinians launch direct peace talks
WASHINGTON (Reuters) - Israeli and Palestinian leaders began direct peace negotiations on Thursday, sitting down for U.S.-brokered talks even as hard-liners on both sides vowed never to accept a deal.

Communities key in foreclosure fight: Fed officials
NEW YORK (Reuters) - Two top U.S. Federal Reserve officials on Thursday called for a more community-focused approach to the country's ongoing foreclosure crisis, which is weighing on its economic recovery.

HP raises offer for 3PAR to $2.4 billion, beats Dell
NEW YORK (Reuters) - Hewlett-Packard Co raised its bid for data storage company 3PAR Inc to $2.4 billion, beating Dell Inc's latest offer in a bidding war that many analysts have said has gone too far.