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Chicago church gives congregants $500 each to spend for good cause

Churchgoers grumble that they always get hit with pleas for money. But congregants at a Chicago church this month got a surprise – they each received a check for $500, with instructions to go out and do something good with it.


Nike shares spike as profit beats estimates

Nike Inc's (NKE.N) shares rose as much as 11 percent to a record high after the world's largest sportswear maker reported a better-than-expected quarterly profit, prompting at least 13 brokerages to raise their price targets on its stock.

Air France urges pilots to accept deal to end strike

Air France sought to bring a costly 12-day pilots strike, over the expansion of its budget Transavia unit, to an end on Friday with a series of proposals that won the backing of the company's board and French Prime Minister Manuel Valls.

Deutsche Telekom warms to idea of longer stay in U.S.

Deutsche Telekom (DTEGn.DE) is preparing for the possibility of keeping its investment in T-Mobile US (TMUS.N) for at least another year as it fears the sole current suitor for the U.S. firm will fail to come through with a sufficiently attractive offer, three people familiar with the matter said.


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BlackBerry Ltd (BB.TO) (BBRY.O) reported a smaller quarterly loss on Friday and flashed encouraging signals about its hard-pressed smartphone business as well as its software and services sales, spurring a more than 4 percent jump in its shares.
An influential U.S. senator wants to hold hearings into "disturbing" issues raised by secretly taped conversations between Federal Reserve supervisors and officials at Goldman Sachs Group Inc (GS.N), a bank the Fed was tasked with policing.
Lockheed Martin Corp (LMT.N) said it will buy a European-built military communications satellite for South Korea as part of a $7 billion deal to supply Seoul with 40 F-35 fighter jets, in what industry observers call among the most unusual "offset" agreements ever to accompany a major arms sale.
Family Dollar Stores Inc (FDO.N) said certain state attorney generals have notified the company that they will investigate larger rival Dollar General Corp's (DG.N) takeover bid over competitive concerns.
The U.S. economy grew at its fastest pace in 2-1/2 years in the second quarter with all sectors contributing to the jump in output in a bullish signal for the remainder of the year.
Activist investor Starboard Value LP said on Friday it has acquired a "significant" stake in Yahoo Inc YHOO.O and urged the Internet company to explore a merger with AOL Inc AOL.N.
China will more strictly police the expansion of cities to stop the spread of highly developed but sparsely populated cities or districts known as ghost towns, the state-backed Beijing News reported on Friday.
Yemen will destabilise its economy if it delays reforms such as cuts to energy subsidies, the International Monetary Fund said in a report released after the government rolled back some fuel price rises in the face of political unrest.
Lending to euro zone households and companies contracted for the 28th month in a row in August, though at a slower pace, putting a keener spotlight on European Central Bank efforts to get credit flowing again.
Venezuela announced on Friday the "temporary" takeover of two plants belonging to U.S. cleaning products maker Clorox Co which has left the country because of difficult economic conditions.