Financial news on August 14, 2010

Business and Financial news
Energy and Auto Sales Lifted U.S. Retail Sales in July

The broad declines outside of auto and gas sales offer more evidence of a slowing recovery. Read more..

By THE ASSOCIATED PRESS - The New York Times

If You’re Going to Be Edited, Be Sure the Result Is Still You

The line between acceptable and unethical is thin and fuzzy when hiring a professional to help with a résumé, college application essay or dating profile. Read more..

By ALINA TUGEND - The New York Times

Illinois Bank Fails; Total Reaches 110

The Federal Deposit Insurance Corporation shut down Palos Bank and Trust in Palos Heights, Ill. Read more..

By THE ASSOCIATED PRESS - The New York Times

Is There an Echo in Here?

Is there an echo in here? Is there an echo in here? Is there an echo in here? Read more..

By JIM HORNE - The New York Times

Judge Revokes Approval of Modified Sugar Beets

A federal district judge said the Agriculture Department needed to better assess the environmental consequences. Read more..

By ANDREW POLLACK - The New York Times

Merger Creates Largest Latin American Airline

TAM Airlines of Brazil and LAN of Chile announced plans for a merger that would create Latin America’s largest airline. Read more..

By THE ASSOCIATED PRESS - The New York Times

New China Search Engine Will Be State-Controlled

A cellphone carrier and a news agency agreed to form the joint venture, which would extend the government’s control over the Internet. Read more..

By DAVID BARBOZA - The New York Times

New Roles for a Family of Pharmacists

A pharmacist in Augusta, Ga., has his three daughters working for him: one in geriatric health, another in wellness training and another on the business side. Read more..

By NATASHA SINGER - The New York Times

Penney’s Profit Rises, but Its Outlook Falls

The J. C. Penney Company posted an increase in second-quarter profit, but cut its outlook for the rest of the year, an indication that Americans are not going to spend more any time soon. Read more..

By THE ASSOCIATED PRESS - The New York Times

U.S. Rules Bar Banks That Violate Iran Sanctions

Foreign banks that deal with anyone suspected of aiding Iran’s nuclear efforts could not do business in dollars. Read more..

By ROBERT F. WORTH - The New York Times

See what else happened on August 14, 2010