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Updated: 15 min ago

Signs of oil spill recovery entering new phase (AP)

27 min 17 sec ago

AP - BP's new boss says it's time for a "scaleback" in cleaning up the Gulf of Mexico oil spill. Federal officials say there is no way the crude could reach the East Coast. And fishing areas are starting to reopen.


Categories: BUSINESS

Dynavax posts 2Q loss, weighed down by expenses (AP)

36 min 15 sec ago

AP - Drug developer Dynavax Technologies Corp. said Friday that higher operating expenses, weak revenue and costs linked to a stock offering drove it to a second-quarter loss, reversing a year-ago profit.

Categories: BUSINESS

Jobs data, earnings latest test for stocks (Reuters)

43 min 36 sec ago

Reuters - U.S. stocks are unlikely to break above a key technical level next week unless monthly jobs data and consumer company results paint a more promising picture of the recovery.

Categories: BUSINESS

Imports slow Q2 growth as business spending surges (Reuters)

1 hour 23 min ago

Reuters - U.S. economic growth slowed in the second quarter as companies invested heavily in equipment from abroad and the pace of consumer spending eased, raising concerns about the recovery in the rest of 2010.

Categories: BUSINESS

Obama defends economy, takes wheel of electric car (AFP)

Fri, 30/07/2010 - 23:56

AFP - President Barack Obama took to the wheel of a new electric car Friday on a Detroit-area tour of the revitalized auto industry, touting his economic policies but urging the need to do more.


Categories: BUSINESS

Wall Street marks best month in a year in July (Reuters)

Fri, 30/07/2010 - 23:45

Reuters - U.S. stocks closed little changed on Friday, but Wall Street wrapped up its best month in a year after the earnings season rounded the final turn with a group of strong results that offset the impact of poor economic data.


Categories: BUSINESS

Chevron 2Q income triples on higher energy prices (AP)

Fri, 30/07/2010 - 23:16

AP - Chevron's second-quarter earnings tripled on better refining margins and higher prices for oil and natural gas, the company said Friday.


Categories: BUSINESS

Chrysler to add 900 jobs to midsize-car plant (AP)

Fri, 30/07/2010 - 22:52

AP - Chrysler Group LLC said Friday that it will add nearly 900 jobs at a factory in suburban Detroit and spare it from a planned closure. The decision is a show of optimism that consumers will embrace the company's refurbished midsize sedans.


Categories: BUSINESS

Oil prices settle near $79 (AP)

Fri, 30/07/2010 - 22:31

AP - Energy prices settled higher on a day of uneven trading after the government said the economic recovery slowed during the second quarter as consumers conserved their money.

Categories: BUSINESS

IMF lowers Spain growth forecast, warns of 'fragile' rebound (AFP)

Fri, 30/07/2010 - 21:54

AFP - The IMF on Friday lowered its 2011 growth forecast for the Spanish economy to 0.6 percent from the 0.9 percent it foresaw in April and warned the recovery "is likely to be weak and fragile."


Categories: BUSINESS

Greece turns to military to restore fuel supplies (AP)

Fri, 30/07/2010 - 21:36

AP - Greece said Friday it will use military trucks, navy vessels and commandeered fuel tankers to restore gasoline supplies cut by a strike that has hurt the country's industry and vital tourism trade at the height of vacation season.


Categories: BUSINESS

Cuomo widens insurer probe with 6 more subpoenas (Reuters)

Fri, 30/07/2010 - 21:32

Reuters - New York Attorney General Andrew Cuomo has subpoenaed six more insurers as the state widens a probe into whether life insurance companies have defrauded families of deceased members of the military.


Categories: BUSINESS

Chrysler profitable, no rush to IPO: CEO (Reuters)

Fri, 30/07/2010 - 21:28

Reuters - Chrysler, the No. 3 U.S. automaker, would be profitable on a net basis if it were not for the interest costs of loans remaining from its bailout, the automaker's chief executive said on Friday.


Categories: BUSINESS

Glimcher offering raises $96M after costs (AP)

Fri, 30/07/2010 - 20:36

AP - Real estate investment trust Glimcher Realty Trust said Friday a recently completed public offering of 16.1 million common shares generated about $96 million, after commissions, discounts and expenses.

Categories: BUSINESS

Goldman employees still enamored with firm and CEO (Reuters)

Fri, 30/07/2010 - 20:30

Reuters - Goldman Sachs Group Inc is the bank many Americans love to hate, but one group just plain loves it: its employees.

Categories: BUSINESS

Time to scrap BP brand? Gas-station owners divided (AP)

Fri, 30/07/2010 - 19:41

AP - BP gas station owners across the country are divided over whether the oil giant stained by its handling of the Gulf spill should rebrand U.S. outlets as Amoco or another name as part of efforts to repair the company's badly damaged reputation.


Categories: BUSINESS

Chrysler to keep Michigan plant open, add jobs (Reuters)

Fri, 30/07/2010 - 19:23

Reuters - Chrysler Group LLC will add a second shift to the Sterling Heights Assembly Plant near Detroit in early 2011 and keep that plant open beyond 2012, when it had been planned to shut, the company said on Friday.

Categories: BUSINESS

Nissan to unveil Rogue crossover (AP)

Fri, 30/07/2010 - 19:17

AP - Nissan's North American division planned to unveil a redesigned 2011 model of its Rogue crossover SUV at an auto show in Tennessee.

Categories: BUSINESS

Earnings Preview: MasterCard to post 2Q results (AP)

Fri, 30/07/2010 - 19:13

AP - Payment processing company MasterCard Inc. reports its second-quarter results before the market opens Tuesday.

Categories: BUSINESS

Reverse Mortgages Aren't Catching On (U.S. News & World Report)

Fri, 30/07/2010 - 18:51

U.S. News & World Report - The reverse mortgage industry, hammered for high fees and high pressure sales tactics, has steadily improved its procedures and its image. Loan fees and interest rates have been lowered, consumer disclosure has improved, and the federal government's insured reverse mortgage program has provided stability and credibility to the industry. A-list lenders have expanded their presence in the market; Wells Fargo and Bank America are the nation's top two reverse mortgage lenders.

Categories: BUSINESS

 

 

 
 

 

 

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