US Business News

Web Attack Stemmed From Game Tactics

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The computerized attack that left more than 1,200 websites unreachable on Friday stemmed from efforts, years earlier, by players of online games to frustrate and slow their opponents, security experts say.

Global Economy Week Ahead: U.S. and U.K. GDP, ECB Speeches

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Investors and policy makers—not to mention U.S. voters—will get their first view of U.S. third-quarter economic growth this week, while European countries also release GDP data and ECB officials discuss monetary policy.

Petrobras Settles With Pimco

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Brazilian state oil company Petrobras agreed to settle lawsuits from Pimco and three other investors who alleged they were harmed by a corruption scheme that funneled billions of dollars from the company.

Central Bank Chief Says Canada Can Handle More Infrastructure Investment

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The Canadian government has ample fiscal room to increase spending on infrastructure, Bank of Canada Gov. Stephen Poloz said.

U.S. Existing-Home Sales Rebounded in September

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A pickup in home sales last month signaled stabilization in the U.S. housing sector despite continued pressure from tight inventory and rising prices.

When Tech Bites Back: Innovation's Dark Side

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Technology optimists claim many benefits of today’s innovations don’t show up in GDP. What they forget: Many of the costs don’t, either, writes Greg Ip.

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