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Bernanke signals new stimulus; Apple and Samsung battle overseas; Yelp bucks social media slump; Airlines: Merger talks take flight; Autos: Best August sales in five years

Economy: Bernanke signals new stimulus

Federal Reserve Chairman Ben Bernanke last week “left little doubt that the central bank was preparing new stimulus for the economy,” said Don Lee in the Los Angeles Times. In a closely watched speech at the Fed’s annual retreat in Jackson Hole, Wyo., Bernanke offered a “spirited defense” of the central bank’s actions, saying its purchases of more than $2 trillion worth of bonds since 2008 had bolstered the economic recovery. But Bernanke also said that job gains have been “painfully slow,” and signaled that the Fed could undertake another round of stimulus, possibly after its two-day meeting beginning Sept. 12.

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