Behind Your Business

Reuters - Fidelity Investments' flagship Magellan stock fund significantly boosted its holdings in June of insurer American International Group and U.S. investment bank Goldman Sachs , in a big reshuffle of its financial sector exposure.

AP - The country didn't get the energetic rebound in economic growth hoped for from the government's tax rebates in the second quarter, and the economy jolted into reverse at the end of 2007, raising new recession fears.

AP - The $168 billion government stimulus effort has been a timely support for the economy and will continue to boost growth in the second half of this year, Treasury Secretary Henry Paulson said Thursday.

Reuters - Bristol-Myers Squibb Co has offered to buy ImClone Systems Inc for $60 a share, valuing its biotech partner at $5.2 billion, in a deal that would strengthen its grip on the fast-growing Erbitux cancer drug.

Reuters - An emergency dose of government stimulus helped the economy grow at a 1.9 percent annual rate in the second quarter, a soft pace but enough to take it off a path perilously close to recession.