Reuters - Asian stocks sagged on Friday as worries U.S. growth data may surprise on the downside and downbeat comments from a Federal Reserve official gave investors reason to book profits from a steady rally this month.
Reuters - Economic growth likely slowed in the second quarter as a capital investment drive by businesses was sated by imports and consumer spending tapered off, a government report is expected to show on Friday.
Reuters - Citigroup Inc will pay $75 million to settle charges that it failed to disclose subprime exposure to investors in 2007, the U.S. Securities and Exchange Commission said on Thursday.
07/30/2010 01:20 AM
Disney sells Miramax for over $660 million to Filmyard
(Reuters)
Reuters - Walt Disney Co has sold film studio Miramax for more than $660 million to Filmyard Holdings LLC, ending months of talks between the media group and various bidders.
07/29/2010 03:57 PM
CA-CANADA Summary
(Reuters)
Reuters - Proposed Canadian regulations to cut emissions from cars and trucks may have little to no effect as early "action credits" banked by automakers may be able to carry them through the compliance period, an environmental think tank said on Thursday.
07/29/2010 03:40 PM
Fed officials clash on need for more stimulus
(Reuters)
Reuters - Federal Reserve officials clashed on Thursday over whether the central bank should be more aggressive in supporting the stumbling economy and one said the Fed's current policy may be contributing to worryingly low levels of inflation.
07/30/2010 01:50 AM
Honda posts record quarterly profit on sales rise
(AP)
AP - Honda's quarterly profit ballooned to 272.4 billion yen ($3.2 billion) and the carmaker raised its full year earnings forecast as sales grew in North America, Japan and the rest of Asia.
07/29/2010 08:59 AM
Italy seeks private sponsors to restore Colosseum
(AP)
AP - Italian officials are seeking to raise some euro25 million (about $32 million) in private money to finance the restoration of one of the country's iconic landmarks: the Colosseum.
AP - State Attorney General Andrew Cuomo said Thursday that he had opened a fraud investigation into how life insurers pay out benefits after policyholders die.
