NEW YORK (AP) - Stock traders are looking warily at the lineup of events slated for the coming month. The Federal Reserve's September meeting is when many think the central bank will begin winding down its massive bond-buying program. Stocks closed lower yesterday on disappointing news on consumer spending. August was the market's worst month in more than a year.
- President Barack Obama says he hasn't made a final decision about a military strike against Syria. But he says he's considering a limited and narrow action. That lowered the recent upward pressure on oil prices. Benchmark crude for October delivery fell $1.15, or 1.1 percent, to $107.65 a barrel Friday in New York. But holiday drivers are finding higher prices at the gas pump. The average price for a gallon of regular rose by 2.1 cents to $3.59 on Friday.
- Microsoft says it will begin holding regular meetings with San Francisco investment firm ValueAct Capital and potentially give the investor a seat on its board. ValueAct owns less than 1 percent of the software company's outstanding shares, but is one of its largest shareholders. Microsoft's CEO Steve Ballmer says the company looks forward to ValueAct's input.
- Mexico has shipped its first load of 100 percent blue agave tequila to China. Mexico hopes to turn China into the biggest market for the alcoholic beverage after the U.S. Blue agave tequila is considered the best quality. China's president in June lifted an import ban. The methanol content was considered too high until Chinese officials had a change of opinion after visiting with Mexico's president.
- Campbell Soup is recalling 80 cases of soup because they're mislabeled. The label says the cans contain pasta with chicken broth, but they actually contain SpaghettiOs with meatballs. Because of the error, consumers may not know the foods contain wheat, milk, and soy, which are allergens. The cans were distributed in Arkansas, Louisiana, Mississippi, Oklahoma, and Texas.