World News Center
BP may sell German gas stations for $2.6 billion: report (Reuters)
July 31, 2010Reuters - BP Plc is seeking to sell its German petrol station chain Aral for around 2 billion euros ($2.6 billion), German magazine Wirtschaftswoche reported on Saturday, citing investment bankers familiar with BP's plans.
Obama hails news economy growing, wants more (Reuters)
July 31, 2010
Reuters - President Barack Obama said on Friday he welcomed news that the U.S. economy grew by 2.4 percent in the second quarter, but said more work was needed to increase that growth rate and generate jobs.
ICICI Bank profit up 17 percent on better loans (AP)
July 31, 2010AP - ICICI Bank, India's largest private sector bank, said quarterly profit rose 17 percent as it cut costs and eliminated bad loans amid revived credit demand in India's growing economy.
Oil spill mars UC Berkeley's BP-funded research (AP)
July 31, 2010
AP - BP's catastrophic oil spill in the Gulf of Mexico is fueling opposition to the University of California, Berkeley's research partnership with the British company, with activists on the famously liberal campus demanding a severing of ties.
Movie tax cuts 'help struggling California economy' (AFP)
July 31, 2010
AFP - A year-old program granting movie studios tax breaks for filming in California has saved jobs and should yield two billion dollars in direct spending, Governor Arnold Schwarzenegger said.
China Setting Milestone as Economy Passes Japan's - ABC News
July 31, 2010 Moneycontrol.com | China Setting Milestone as Economy Passes Japan's ABC News AP By JOE McDONALD AP Business Writer China is set to overtake Japan as the world's second-largest economy in a resurgence that is changing everything from the global balance of military and financial power to how cars are designed. ... China setting milestone as economy passes Japan's China's economy to grow over nine percent in 2010 China overtakes Japan as No. 2 economy |
Regulators Shutter Five Banks in Four States - TheStreet.com
July 31, 2010 Moneycontrol.com | Regulators Shutter Five Banks in Four States TheStreet.com WASHINGTON (TheStreet) -- State and federal regulators shut down five banks Friday, bringing the total number of bank failures for 2010 to 108. All five failed banks were included in TheStreet's Bank Watch ... US Regulators Close Five Banks In Four States Home Bancshares Buys Two Lenders as Failures This Year Hit 108 Heritage Bank acquires Cowlitz Bank after closure |
Hot Topic on Wall Street: The Search for Warren Buffett's Successors - DailyFinance
July 31, 2010 msnbc.com | Hot Topic on Wall Street: The Search for Warren Buffett's Successors DailyFinance Forget the double-dip recession, financial reforms and the new iPhone's reception problems. The talk of Wall Street this week was focused on Li Lu, the latest rumored candidate to take over part of CEO Warren Buffett's role at Berkshire Hathaway (BRK. ... Buffett-Autographed Dairy Queen Spoon Raises $4500 for Charity From Tiananmen Square to Possible Buffett Successor Buffett-signed Dairy Queen spoon a big scoop for charity |
CORRECT: UPDATE: Six More Life Insurers Subpoenaed By Cuomo - Wall Street Journal
July 31, 2010 Reuters | CORRECT: UPDATE: Six More Life Insurers Subpoenaed By Cuomo Wall Street Journal ("UPDATE: Six More Life Insurers Subpoenaed By Cuomo In Probe," published at 10:57 am EDT, incorrectly stated the choices made by Genworth beneficiaries on payouts, in the final paragraph. A correct version follows. ) By Erik Holm Of DOW JONES ... Cuomo widens insurer probe with 6 more subpoenas Insurers Subpeonaed Over Military Death Benefits Veterans Affairs, NY's Cuomo to investigate insurers' death-benefit practices |
Northwest Settles Price-Fixing Case - New York Times
July 31, 2010 The Money Times | Northwest Settles Price-Fixing Case New York Times By REUTERS Northwest Airlines has agreed to plead guilty to conspiring to fix the prices of air cargo, the Justice Department said. Northwest agreed to plead guilty to a single felony count that its now-shuttered Northwest Airlines Cargo conspired to ... Northwest to Pay $38 Million Fine Delta fined $38M for Northwest cargo price-fixing S. Africa Says BA, Lufthansa Fixed Fuel, Cargo Rates |
