Business

A trader works on the floor of the New York Stock Exchange Reuters

Wall Street marks best month in a year in July

Reuters – Fri Jul 30, 4:45 pm ET

NEW YORK (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. Full Story »

UK's Osborne urges banks to lend, restrain bonuses

Reuters – Sat Jul 31, 10:40 pm ET

Eurazeo in exclusive B&B Hotels talks with Carlyle

Reuters – Sat Jul 31, 9:38 am ET
  • Champagne corks popping again in luxury business

    AFP – 23 mins ago  

    PARIS (AFP) - Champagne corks are popping again in the luxury business as "It" bags and expensive watches this year sell like hotcakes from Beijing to New York, signalling the turning of a page after the global financial crisis. Full Story »

  • Soaring e-book sales speak volumes

    AFP – 34 mins ago  
    File photo shows online retail giant Amazon.com CEO Jeff Bezos... AFP

    HONG KONG (AFP) - After years of lurking in the literary wilderness, the e-book market has exploded with online retailer Amazon.com's digital volumes recently overtaking sales of their hardcover counterparts. Full Story »

  • Michigan voters search for economic savior

    AP – Sat Jul 31, 6:23 pm ET  
    President Barack Obama addresses employees at the Chrysler's... AP

    LANSING, Mich. - Michigan voters frustrated over lost jobs, home foreclosures and budget deficits will vote in Tuesday's primary election for leaders they hope can move the state out of its economic morass. Full Story »

  • Coast Guard allows toxic chemical use on Gulf oil

    AP – 23 mins ago  
    Oil containment boom is seen with fresh oil near Comfort Island,... AP

    WASHINGTON - The U.S. Coast Guard has routinely approved BP requests to use thousands of gallons of toxic chemical a day to break up oil slicks in the Gulf of Mexico despite a federal directive that the chemicals be used only rarely on surface waters, congressional investigators said Saturday after examining BP and government documents. Full Story »

  • Debate on death and taxes heats up as billionaires fall

    AFP – Sat Jul 31, 11:01 pm ET  
    A scoreboard displays a photo of George Steinbrenner, owner of... AFP/Getty Images/File

    WASHINGTON (AFP) - The question of death and taxes has risen to the fore in Washington as the demise of prominent billionaires has underscored a fluke which allows big estates to escape taxes, but only for this year. Full Story »

  • Fiat boss shakes up Italian labour

    AFP – 2 hrs 42 mins ago  
    Fiat boss Sergio Marchionne is shaking up labour relations in... AFP/File

    MILAN (AFP) - Fiat boss Sergio Marchionne is shaking up labour relations in Italy by strong-arming unions as he aims to create a global megagroup with US automaker Chrysler. Full Story »

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Iran's Foreign Ministry says the three Americans jailed a year ago should stand trial on charges of illegally crossing the country's borders. Full Story »

Technology News

A computer security researcher has built a device for just $1,500 that can intercept some kinds of cell phone calls and record everything that's said. Full Story »

Science News

Feds warned company in Mich. spill about pipeline

AP – Sat Jul 31, 9:56 pm ET

U.S. regulators earlier this year demanded improvements to the pipeline network that includes a segment that ruptured in southern Michigan, spilling hundreds of thousands of gallons of oil into the Kalamazoo River, according to a document released Saturday. Full Story »

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