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Brazil economy sinks into recession

Brazil's economy shrank 1.9 percent in the second quarter, sinking into a recession that has hammered the popularity of President Dilma Rousseff.
Source: Reuters
UPDATE 2-Brazil economy sinks into worse-than-expected recession

SAO PAULO, Aug 28- Brazil's economy shrank 1.9 percent in the second quarter, sinking into a recession that has hammered the popularity of President Dilma Rousseff as she struggles to save the country's investment-grade credit rating amid a vast corruption scandal. "The drop in consumption shows the crisis of confidence the economy is facing," said Newton Rosa,...
Source: Reuters | By: Brad Haynes
Poland's govt to compensate farmers hit by drought, heat

WARSAW, Poland- Poland will pay more than 500 million zlotys in compensation to the thousands of farmers who have lost crops and fodder because of drought and unusually high temperatures, the agriculture minister said Tuesday. That brought river and groundwater levels down and restricted navigation on Europe's second largest river, the Danube in Romania, and...
Source: The Associated Press
How Nasdaq managed trading frenzy: CEO  

Bob Grefield, Nasdaq CEO, discusses how the exchanges are handling the flood of orders on trading platforms.
Source: CNBC.com
Why drought-struck California is demolishing a dam

With California mired in drought, it might seem odd there's dam demolition underway. The reason? To remove seismic risk and aid an endangered fish.
Source: CNBC.com | By: Jeff Daniels
Keysight tops Street 3Q forecasts

SANTA ROSA, Calif. _ Keysight Technologies Inc. on Wednesday reported fiscal third-quarter profit of $70 million. For the current quarter ending in November, Keysight expects its per-share earnings to range from 57 cents to 71 cents. Keysight expects full-year earnings in the range of $2.38 to $2.52 per share, with revenue ranging from $2.84 billion to $2.88...
Source: The Associated Press
Classic cars invade Pebble Beach  

CNBC's Robert Frank reports on the Concours D'elegance auto show in Pebble Beach.
Source: CNBC.com
Car lovers' heaven  

More than $400 million worth of cars are expected to be sold at the Pebble Beach Concours d’Elegance event. CNBC's Robert Frank shows some of the highest valued cars, and even some of the "bargains."
Source: CNBC.com