Business and Finance News
Street's best month in a year ended on a mixed note
Star Tribune
NEW YORK - Stocks had a fitting end to a choppy July as prices seesawed their way to a narrowly mixed finish. The market still had its best month in a year. Investors had an ambivalent response Frida... Mortgages: Ditch the fix and get on a tracker
Guardian
mortgages feeling very smug.And it's not too late to join their ranks. There are some great tracker home loan deals on offer, particularly if you are looking to remortgage and have built up a reasonab... Newsweek: Why not to panic about the economy
MSNBC
GDP report for the second quarter has prompted much concern about the tepid 2.4 percent growth rate, but there are three other aspects of the report worth noting. First, the bifurcated economy live... BP CEO: I'm a 'villain for doing the right thing'
MSNBC
Tony Hayward, who is stepping down as chief executive of BP in the wake of the Gulf oil spill, has said that he was turned into "a villain for doing the right thing." In his first interview since d... Microsoft rushes fix for Windows shortcut hole
CNet
(Credit: Microsoft) Microsoft plans to release a patch on Monday for a flaw involving how Windows handles shortcut files, after seeing the hole being used to spread a particularly nasty and fast-s... FDIC Securitizes Mortgages From Failed Banks
Fox Business
SAN FRANCISCO -- The Federal Deposit Insurance Corp. said Friday it sold securities backed by $471.3 million of performing single-family mortgages originated by 16 failed banks. The FDIC pilot program... Two Florida Bank Failures Bring 2010 Total To 106
Fox Business
SEATTLE -- Two bank closures in Florida on Friday brought the total number U.S. failures for the year to 106. The Federal Deposit Insurance Corp. said in a statement that Port Saint Joe, Fla.-based Ba... Report: Nokia Siemens Shops Minority Stake
Fox Business
NOK ) is in talks with several private equity firms about the sale of a minority stake in the company in order to raising $1 billion in cash, according to reports. According to people familiar with t... House OKs New Standards For Offshore Drilling
Fox Business
WASHINGTON -- Companies that drill for oil in U.S. waters would be required to pay 100% of spill-related damages under a bill approved Friday in the House of Representatives. Written in response to th... BP's Dudley to visit Moscow next week - source
Fox Business
July 30, 2010 LONDON, July 30 (Reuters) - Bob Dudley, BP Plc's newly appointed chief executive, will fly to Moscow next week to meet shareholders in its Russian joint venture TNK-BP, a source clos... Georgia Bank Is 104th U.S. Failure Of The Year
Fox Business
SEATTLE -- Acworth, Ga.-based NorthWest Bank and Trust was closed by regulators Friday, marking the 104th U.S. bank failure of 2010. NorthWest Bank and Trust had $167.7 million in assets and $159.4 mi... First Capital Bancorp. Sees 2Q Loss Widen
Fox Business
FCVA ) said Friday that its second-quarter loss widened, compared to a year ago, as the company added $6.3 million to its loan loss reserves, nearly doubling them to 2.78% of total loans. "The Compan... US Regulators Close Bank In Georgia
Fox Business
WASHINGTON -(Dow Jones)- U.S. regulators closed NorthWest Bank and Trust of Acworth, Ga., the 104th bank to fail this year and the 11th in the state. The Georgia Department of Banking and Finance seiz... US House votes to end offshore drilling moratorium
Fox Business
July 30, 2010 WASHINGTON (Reuters) - The U.S. House of Representatives Friday voted to end the federal moratorium on deepwater drilling for oil companies that meet new federal safety requirements... METALS-Copper sets 3-mo high, boosted by Midwest ISM
Fox Business
July 30, 2010 * COMEX copper sets highest close since April 30 * Aluminium hits 11-week high on consumer buying * Strong US Midwest business gauge spurs month-end buying * Coming Up: On Monday... Jobs data, earnings latest test for stocks
Reuters
NEW YORK (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. Import boost factor in slow growth: figures
Financial Post
OTTAWA -- The North American recovery is ebbing and figures released Friday go a long way to explaining why: U.S. companies are opting to buy goods from abroad instead of at home, keeping all-importan... Markets flat as economic growth tepid
Financial Post
The Toronto Stock Exchange was down slightly Friday following reports of slow economic growth in both Canada and the United States, though some stocks benefited from higher gold prices.The S&P/TSX... Video: World's Most Expensive Hot Dog
CBS News
It's official; the Guiness World Records has declared the "haute dog" at New York's legendary Serendipity 3 as the most expensive hot dog in the world, at $69 a serving. CBSNews.com's Karina Mitchell ... GM Hikes Production Capacity for Volt by 50%
CBS News
(AP) General Motors said Friday that it is boosting production capacity for its new Chevrolet Volt due to strong public interest in the electric car that goes on sale this year. GM will now have a ... Gas Station Owners Divided on Nixing BP Brand
CBS News
(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 its effor...
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