Goldtrail customers promised help

The Civil Aviation Authority says it is doing all it can to fly people home after the collapse of the travel firm Goldtrail.
Source: BBC News - Business | 18 Jul 2010 | 3:36 am

Iraq wants oil companies to develop 11 fields (AP)

The coffin of a foreigner who died in a fire at Soma Hotel is loaded in an ambulance before it is repatriated to his country, at Sulaimaniya airport, 260 km (160 miles) northeast of Baghdad July 18, 2010. The fire, possibly triggered by a gas leak, killed 30 people, including foreigners, and injured at least 22 others, police said on Friday.      REUTERS/Sherko Raouf (IRAQ - Tags: DISASTER)AP - Iraq's oil minister is calling on international oil companies that won contracts to develop 11 oil and gas fields to show they are able to meet their obligations.



Source: Yahoo! News: Business News | 18 Jul 2010 | 3:01 am

5 Funds Betting on Blue Chip Growth (Screens)

These large-cap growth funds are benefitting from strong earnings.



Source: SmartMoney.com | 18 Jul 2010 | 3:00 am

Telefonica pulls out of Vivo bid

Spanish telecom firm Telefonica pulls out of its bid to buy a 7bn euros stake in Brazilian mobile company Vivo.
Source: BBC News - Business | 18 Jul 2010 | 2:45 am

EADS looks to India, Brazil for defense growth

Looming defense budget cuts in Europe are forcing EADS to accelerate its international expansion and forge deeper relationships with India, Brazil and Saudi Arabia.



Source: MarketWatch.com - Top Stories | 18 Jul 2010 | 2:18 am

No nation threatening to pull out of A400M program

Negotiations to ratify a new funding agreement for the Airbus A400M military transport aircraft are continuing, and while no resolution is expected until the fall, no participating country has threatened to pull out, EADS Chief Executive Louis Gallois said this weekend.



Source: MarketWatch.com - Top Stories | 18 Jul 2010 | 2:13 am

Airbus hopes to launch A320 re-engine by year-end

European aircraft maker Airbus hopes to launch the re-engine of its best-selling A320 family of jets by the end of the year, Chief Operating Officer John Leahy said over the weekend.



Source: MarketWatch.com - Top Stories | 18 Jul 2010 | 2:04 am

Abu Dhabi to open indoor theme park

Ferrari World on Yas Island will be the largest indoor theme park in the world when it opens in October.
Source: BBC News - Business | 18 Jul 2010 | 1:37 am

Destitute in Dubai

How a British man ended up with no passport, no job and no way home
Source: BBC News - Business | 18 Jul 2010 | 1:36 am

EADS eyes defense acquisitions in the U.S.

European aerospace and defense giant EADS is keen to make “reasonable" acquisitions in the field of defense security and services in the U.S. over the next few years, Chief Executive Louis Gallois said over the weekend.



Source: MarketWatch.com - Top Stories | 18 Jul 2010 | 1:11 am

Ford breaks ground on $300 million China plant (Reuters)

Reuters - Ford Motor and its partly-owned Jiangling Motors Corp (000550.SZ) broke ground on Sunday on a $300 million vehicle plant in central China as the partners speed expansion in the world's largest auto market.
Source: Yahoo! News: Business News | 18 Jul 2010 | 1:01 am

Ford breaks ground on $300 million China plant

SHANGHAI (Reuters) - Ford Motor and its partly-owned Jiangling Motors Corp broke ground on Sunday on a $300 million vehicle plant in central China as the partners speed expansion in the world's largest auto market.



Source: Reuters: Business News | 18 Jul 2010 | 1:01 am

Office vacancies rise, rents drop in Southland again

An oversupply of space, businesses' reluctance to add costs and landlords' eagerness to keep good tenants leads to some of the cheapest lease rates in years. In the Inland Empire, vacancy tops 25%.

Southern California office landlords faced more bad news in the second quarter as occupancy and rents in their buildings fell again.



Source: L.A. Times - Business | 18 Jul 2010 | 1:00 am

Few allowances for gender bias under fair-housing rules

Seeking a tenant for a dwelling separate from the one occupied by the landlord does not qualify as an exception.

Question: I live in a house with a cottage, which I had been renting to my sister and her family until they moved out of state. I am a single mother with a young daughter and cannot pay my mortgage without the rental income from the cottage. For our personal comfort and safety, I'd like to place an ad stating my preference for a female tenant. I know that there are laws prohibiting discrimination based on gender, but I don't think those laws should apply to someone like me who is just renting out a cottage. Will I be allowed to seek only a female tenant?



Source: L.A. Times - Business | 18 Jul 2010 | 1:00 am

Offices at the top are going empty

Penthouse floors are vacant in some of the best office buildings in Los Angeles County, a sign of the troubled economic times and the gulf between asking prices and what tenants are willing to pay.

The chief executives at Atlantic Richfield Co., the oil company once based in Los Angeles, ran their international empire from some of the most regal corporate offices ever created in Southern California.



Source: L.A. Times - Business | 18 Jul 2010 | 1:00 am

How I Made It: Hot-rod designer Chip Foose

Considered by many to be the world's top hot-rod designer, Foose credits his ferocious work ethic and passion for cars to his dad, Sam. ...
Source: RSS feed - channel BNPaperBusiness | 18 Jul 2010 | 1:00 am

Craftsman-inspired compound in Pasadena

A guesthouse, a separate guest studio, two two-car garages and 27 fruit trees populate more than half an acre in the foothills of the San Gabriel Mountains.

This Pasadena compound, with a house, guesthouse and separate guest studio set in the foothills of the San Gabriel Mountains, was built with a craftsman's eye for detail and a passion for nature and art.



Source: L.A. Times - Business | 18 Jul 2010 | 1:00 am

Craftsman-inspired compound in Pasadena

A guesthouse, a separate guest studio, two two-car garages and 27 fruit trees populate more than half an acre in the foothills of the San Gabriel Mountains. ...
Source: RSS feed - channel BNPaperBusiness | 18 Jul 2010 | 1:00 am

College costs: Ways to reduce college costs

The cost of college can be daunting even to parents who've saved up since their child was little. Here are ways before and while your child attends college to keep expenses down.

About 19 million kids head to college next month, which is likely to have their parents in a mild panic about how to pay the bills. Even if you saved religiously from the time your child was a toddler, the stock market has worked against you over the last decade, leaving many families short.



Source: L.A. Times - Business | 18 Jul 2010 | 1:00 am

Fannie Mae to prohibit lenders from changing home appraisals

The mortgage giant addresses complaints that home sales have been sabotaged by arbitrary reductions in appraisers' valuations.

Picture this: You've signed a contract to sell your house. Your buyers say they've nailed down the right mortgage. All is well. But then the appraisal comes in low — $25,000 to $50,000 under what was agreed in the contract.



Source: L.A. Times - Business | 18 Jul 2010 | 1:00 am

How I Made It: Hot-rod designer Chip Foose

Considered by many to be the world's top hot-rod designer, Foose credits his ferocious work ethic and passion for cars to his dad, Sam.

The gig: Chip Foose is considered by many to be the world's top hot-rod designer. His Huntington Beach company, Foose Design, modifies collector cars and builds custom cars. A hand-built creation can take up to six years and cost more than $1 million. Last year the privately owned firm posted more than $4 million in revenue. Foose, 46, also has designed sunglasses and footwear for Oakley Inc.



Source: L.A. Times - Business | 18 Jul 2010 | 1:00 am

Few allowances for gender bias under fair-housing rules

Seeking a tenant for a dwelling separate from the one occupied by the landlord does not qualify as an exception. Question: I live in a...
Source: RSS feed - channel BNPaperBusiness | 18 Jul 2010 | 1:00 am

Electronic reading devices are transforming the concept of a book

Digital tools advance beyond screens that talk and play videos, connecting readers to authors and online fan communities. ...
Source: RSS feed - channel BNPaperBusiness | 18 Jul 2010 | 1:00 am

Lenders' data mining goes deep

Mortgage makers are going beyond tax returns and bank statements to determine whether you're a good risk. They're checking such things as where you have pizza delivered and where you shop online. ...
Source: RSS feed - channel BNPaperBusiness | 18 Jul 2010 | 1:00 am

How to tackle a pile of overdue loans and bills

Also: Using credit cards as a helpful tool. Dear Liz: My finances have been on the rocks for six years. I have a defaulted student loan,...
Source: RSS feed - channel BNPaperBusiness | 18 Jul 2010 | 1:00 am

Judicial system takes a hit in Broadcom case

The public, treated to the spectacle of billionaires skating on felony charges even if for perfectly good reasons, has to be more cynical about the fairness of the judicial system. ...
Source: RSS feed - channel BNPaperBusiness | 18 Jul 2010 | 1:00 am

College costs: Ways to reduce college costs

The cost of college can be daunting even to parents who've saved up since their child was little. Here are ways before and while your child attends college to keep expenses down. ...
Source: RSS feed - channel BNPaperBusiness | 18 Jul 2010 | 1:00 am

Judicial system takes a hit in Broadcom case

The public, treated to the spectacle of billionaires skating on felony charges even if for perfectly good reasons, has to be more cynical about the fairness of the judicial system.

Connoisseurs of salacious gossip about the rich and famous must have found themselves in pig heaven in June 2008, when federal prosecutors went after the billionaire Henry T. Nicholas III .



Source: L.A. Times - Business | 18 Jul 2010 | 1:00 am

Fannie Mae to prohibit lenders from changing home appraisals

The mortgage giant addresses complaints that home sales have been sabotaged by arbitrary reductions in appraisers' valuations. ...
Source: RSS feed - channel BNPaperBusiness | 18 Jul 2010 | 1:00 am

Lenders' data mining goes deep

Mortgage makers are going beyond tax returns and bank statements to determine whether you're a good risk. They're checking such things as where you have pizza delivered and where you shop online.

That pizza you had delivered the other night could mean the difference between whether you are approved for a mortgage or rejected.



Source: L.A. Times - Business | 18 Jul 2010 | 1:00 am

How to tackle a pile of overdue loans and bills

Also: Using credit cards as a helpful tool.

Dear Liz: My finances have been on the rocks for six years. I have a defaulted student loan, credit card debt, bounce fees from checking account overdrafts and money owed for utilities. I'm a single mom and recently moved back in with my parents. I finally saved enough money to buy a car with cash, because whoever looks up my credit laughs. It's so bad, I wouldn't give myself a loan.



Source: L.A. Times - Business | 18 Jul 2010 | 1:00 am

Offices at the top are going empty

Penthouse floors are vacant in some of the best office buildings in Los Angeles County, a sign of the troubled economic times and the gulf between asking prices and what tenants are willing to pay. ...
Source: RSS feed - channel BNPaperBusiness | 18 Jul 2010 | 1:00 am

Airbus sees key engine decision in September

FARNBOROUGH, England (Reuters) - Airbus is leaning toward a decision to upgrade its narrow-body aircraft, its main source of revenue, with new engines and expects Boeing will follow suit, according to sales chief John Leahy.



Source: Reuters: Business News | 18 Jul 2010 | 12:57 am

Scientists get another day to study Gulf spill cap (AP)

A Coast Guard Cutter skims oil near the site of the Deepwater Horizon oil spill in the Gulf of Mexico Saturday, July 17, 2010. BP spokesman Daren Beaudo said Saturday afternoon the company would communicate if the trial was stopped. With no word from BP as 3:25 p.m. EDT passed, video footage showed the well was still plugged. (AP Photo/Dave Martin)AP - Scientists got an extra day to evaluate whether the giant cork bottling BP's busted well in the Gulf of Mexico will hold, while officials overseeing the disaster pondered their next step.



Source: Yahoo! News: Business News | 18 Jul 2010 | 12:39 am

EADS spending millions to develop new helicopter

FARNBOROUGH, England (Reuters) - Europe's EADS said it is spending around $50 million to $75 million to develop a new armed version of its light utility helicopter for a possible U.S. Army competition and emerging strong interest by a "significant" number of foreign buyers.



Source: Reuters: Business News | 17 Jul 2010 | 11:47 pm

Europe gets a breather before bank stress tests (AFP)

Police, firefighters and coast guard demonstrate outside the Greek parliament in Athens against the government's austerity measures. The markets have given Europe some respite in its struggle against debt but the EU faces a moment of truth this week with tests that will show whether banks can survive a new economic cataclysm(AFP/Aris Messinis)AFP - The markets have given Europe some respite in its struggle against debt but the EU faces a moment of truth this week with tests that will show whether banks can survive a new economic cataclysm.



Source: Yahoo! News: Business News | 17 Jul 2010 | 10:57 pm

Biden fined for campaign violations

Vice President Joe Biden’s 2008 US presidential campaign has been ordered to pay a $219,000 penalty for improperly accepting a discounted private plane flight and taking individual campaign contributions above the legal limit
Source: Financial Times - US homepage | 17 Jul 2010 | 10:32 pm

Economic Preview: Housing outlook clouded by tax credit expiration

For the first time in more than two years, the U.S. housing market is standing on its own, without extraordinary help from the government, but it could be months before a clear view of the market is revealed.



Source: MarketWatch.com - Top Stories | 17 Jul 2010 | 10:01 pm

Labour law changes promote growth - Key

Sweeping changes to labour laws, including changing the test for reasonable dismissal to make it easier for employers to fire workers, have been announced by the Government today.At the National Party annual conference this morning,...
Source: nzherald.co.nz - Business | 17 Jul 2010 | 9:13 pm

Car bomb in Mexican drug war changes ground rules (AP)

The remains of a vehicle are cordoned off in a street in the northern border city of Ciudad Juarez, Mexico, Friday July 16, 2010. Mexican investigators ran forensic tests to determine whether drug gangs used a car bomb in an attack on police patrol trucks that killed two officers and wounded nine people on Thursday.  A car bomb would mark an unprecedented escalation of Mexico's drug war and confirm long-standing fears that the cartels are turning to explosives in their fight against security forces. (AP Photo)AP - The first successful car bombing by a drug cartel brings a new dimension of terror to a Mexican border region already shocked by random street battles, bodies dangling from bridges and highway checkpoints mounted by heavily armed criminals.



Source: Yahoo! News: Business News | 17 Jul 2010 | 9:01 pm

Defiant Jobs stands by iPhone 4

CUPERTINO, California (Reuters) - A defiant Steve Jobs on Friday rejected any suggestion the iPhone 4's design was flawed, but offered consumers free phone cases to address reception complaints that have hurt Apple Inc's image and shares.



Source: Reuters: Business News | 17 Jul 2010 | 8:21 pm

IMF and EU suspend talks with Hungary (Reuters)

Hungary's Economy Minister Gyorgy Matolcsy attends an interview with Reuters in Budapest July 2, 2010. REUTERS/Karoly ArvaiReuters - The IMF and EU suspended on Saturday a review of Hungary's funding program, set up in 2008 to save the country from financial meltdown, saying it must take tough action to meet targets for cutting its budget deficit.



Source: Yahoo! News: Business News | 17 Jul 2010 | 8:15 pm

IMF and EU suspend talks with Hungary

BUDAPEST (Reuters) - The IMF and EU suspended on Saturday a review of Hungary's funding program, set up in 2008 to save the country from financial meltdown, saying it must take tough action to meet targets for cutting its budget deficit.



Source: Reuters: Business News | 17 Jul 2010 | 8:15 pm

Austerity hurts consumers in Europe but Asians upbeat

LONDON (Reuters) - A drop in consumer confidence in Europe amid worries about the region's debt crisis is holding back a recovery in global consumer sentiment and weighing on the broader economic outlook, a survey showed on Sunday.



Source: Reuters: Business News | 17 Jul 2010 | 6:14 pm

Dutch, Venezuelan diplomats discuss differences (AP)

AP - The foreign ministers of the Netherlands and Venezuela agreed to strengthen cooperation after President Hugo Chavez's government protested what it called violations of its airspace by a Dutch military aircraft, authorities said Saturday.
Source: Yahoo! News: Business News | 17 Jul 2010 | 4:04 pm

JP Morgan UK future at risk

Bank now sees expansion in Asia not London as a priority, as the £1.5bn Canary Wharf development is under threat.
Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 17 Jul 2010 | 3:13 pm

Banks warned Ocado over small investors

Ocado directors were warned by their own bankers that offering shares to retail customers was a mistake that could undermine the IPO.
Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 17 Jul 2010 | 3:12 pm

Waitrose plans sixfold increase in food stores

The upmarket supermarket chain is preparing for a sixfold increase in branches over the next five years.
Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 17 Jul 2010 | 3:12 pm

Goldman Sachs sets aside $9bn for pay as revenues drop


Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 17 Jul 2010 | 3:11 pm

Goldtrail failure hits travel sector

As stranded passengers struggle to get home, questions are raised about the state of the UK package holiday market.
Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 17 Jul 2010 | 3:10 pm

NewsWatch: U.S. stocks look for footing as earnings pour in

The U.S. stock market is likely to begin the new week in a less-than-calm state, with investors veering between hope and despair after a slew of disappointing economic reports and a mixed burst of quarterly earnings reports.



Source: MarketWatch.com - Top Stories | 17 Jul 2010 | 3:00 pm

Overhaul of retirement regime is long overdue

The Government's new pension plans will be a breath of fresh air, but if you don't start saving early you will still lose out.
Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 17 Jul 2010 | 2:47 pm

Bank stress tests will fall flat if they fail to cheer Asian investors

Markets will fear the worst if testing European banks fails to reveal any weaknesses. But if problems are found, wider systemic worries could surface.
Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 17 Jul 2010 | 2:47 pm

Ocado has its issues but remains compelling

In our cautious world, it is too easy to see negatives in this upstart's flotation
Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 17 Jul 2010 | 2:46 pm

Time to Pay debt mountain raises concerns

One of the country's leading accountancy bodies has raised serious concerns over billions of pounds in debts that have built up under a flagship Government business tax deferral scheme.
Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 17 Jul 2010 | 2:41 pm

Telefonica gives up bid for Brazilian Vivo

Telefonica, the owner of O2, has abandoned its €7bn (£6bn) attempt to take full control of Brazilian mobile phone operator Vivo, after failing to reach a deal with Portugal Telecom.
Source: Finance and Business. Latest breaking news, stocks and shares from the UK and world | 17 Jul 2010 | 2:38 pm

Boeing reaffirms latest 787 delivery plan

FRANKFURT (Reuters) - Boeing said its chief executive had not altered the latest delivery guidance on the 787 Dreamliner after a newspaper said he had expressed confidence in delivering the plane by end-year.



Source: Reuters: Business News | 17 Jul 2010 | 1:17 pm

For US, ongoing battle against changing oil 'Blob' (AP)

FILE - In this June 12, 2010 file photo, BP Chief Operating Officer Doug Suttles talks about the Deepwater Horizon oil spill while visiting with employees and workers in the command center at the Houma Joint Information Center, Saturday, June 12, 2010, in Houma, La.  Cleaning the oil far beyond the time the leak is capped will become the job of the U.S. Coast Guard and BP. The center in Houma, La., coordinates the different teams cleaning water from the land and sea. (AP Photo/Charlie Neibergall, File)AP - Inside a sprawling command post in southern Louisiana, The Blob is everywhere.



Source: Yahoo! News: Business News | 17 Jul 2010 | 1:05 pm

When benefits run out - and still no job

Two years on the unemployment line is devastating. You deplete your savings. You borrow from your family. You feel that your life is slipping out of your control.
Source: Business and financial news - CNNMoney.com | 17 Jul 2010 | 12:58 pm

Obama urges small business tax breaks

President criticizes Republican efforts to defeat the proposal as stalling tactics and obstructions.



Source: MarketWatch.com - Top Stories | 17 Jul 2010 | 12:47 pm

Best Places for the rich and single

We're not saying you're a gold digger. But you could follow the money to these affluent cities, where singles are abundant.
Source: Business and financial news - CNNMoney.com | 17 Jul 2010 | 12:36 pm

BP may prolong testing new cap

After more than 40 hours of testing pressure on the new cap on its well in the Gulf of Mexico, BP said Saturday that may continue testing beyond the 48-hour period first set.



Source: MarketWatch.com - Top Stories | 17 Jul 2010 | 12:13 pm

US stocks brace for earnings tsunami (AFP)

Traders on the floor of the New York Stock Exchange. After a rough start to earnings season, US stocks face a tidal wave of corporate results next week amid growing worries the US economic recovery is slowing.(AFP/File/Don Emmert)AFP - After a rough start to earnings season, US stocks face a tidal wave of corporate results next week amid growing worries the US economic recovery is slowing.



Source: Yahoo! News: Stock Markets News | 17 Jul 2010 | 11:58 am

Another Johnson & Johnson drug plant is flagged

Johnson & Johnson, already under fire from the government over deplorable conditions at a Pennsylvania plant that makes children's pain and cold drugs, is now being cited for problems at another one of its drugmaking plants in the state.
Source: Business and financial news - CNNMoney.com | 17 Jul 2010 | 10:31 am

Let's talk about the Mac for a change


Source: Business and financial news - CNNMoney.com | 17 Jul 2010 | 10:31 am

Stocks to Watch: Stocks to watch Monday: TI, Halliburton, Hasbro

Texas Instruments Inc., Halliburton Co., Hasbro Inc. and Deltal Airlines are among the companies whose share are expected to see active trading in Monday's session.



Source: MarketWatch.com - Top Stories | 17 Jul 2010 | 10:19 am

Asian investors meet Westin in court

Asian investors owed money by the developer of Auckland's Westin Hotel say the saga is "a bad image" for New Zealand.A group of 89 investors, mainly from Malaysia and Singapore, have seized control of their rooms in the five-star...
Source: nzherald.co.nz - Business | 17 Jul 2010 | 10:00 am

French home for Kiwi style

An expat Kiwi is opening a shop in Paris dedicated to stocking New Zealand fashion.Catherine McMahon, who has developed the store, believes the Parisian fashion scene has room for a concept store selling only top New Zealand designer...
Source: nzherald.co.nz - Business | 17 Jul 2010 | 10:00 am

Funds flow for winemakers

The government is spending $12 million to help the wine industry develop new flavours of sauvignon blanc.The aim is to create new styles that can command top export dollars and protect New Zealand's international leadership position...
Source: nzherald.co.nz - Business | 17 Jul 2010 | 10:00 am

Bernard Hickey : Chilling levels of household debt finally dawns

In years to come New Zealanders will look back on the winter of 2010 as the moment we finally realised the last decade of growth was a sham.It will be the moment when it dawns on home owners, small business people, retailers and...
Source: nzherald.co.nz - Business | 17 Jul 2010 | 10:00 am

Renewal closer for Victoria Park Market

The ink is almost dry on a deal to finally revamp Auckland's tired Victoria Park Market.Property developer David Henderson hopes to finalise the plan next week for the sale of the site to a syndicate of buyers who will implement...
Source: nzherald.co.nz - Business | 17 Jul 2010 | 10:00 am

NewsWatch: U.S. stocks look for footing as earnings pour in

The U.S. stock market is likely to begin the new week in a less-than-calm state, with investors veering between hope and despair after a slew of disappointing economic reports and a mixed burst of quarterly earnings reports.



Source: MarketWatch.com - Top Stories | 17 Jul 2010 | 10:00 am

Car firms in firing line

Rental car companies are in the gun for adding on extra charges to hirers' credit cards after they have returned the vehicles.Consumer NZ says it receives complaints every week from people claiming they have been overcharged or...
Source: nzherald.co.nz - Business | 17 Jul 2010 | 10:00 am

Mainland cheese now made up North

It's our best-known cheese brand, identified with everything that is good and true and, well, southern. But Mainland cheese is not made on the Mainland.According to the international marketing, Mainland emerged from New Zealand's...
Source: nzherald.co.nz - Business | 17 Jul 2010 | 10:00 am

Damien Grant : Scheme may be dull but businesses need it

Imagine you are in the business of supplying surfboards. Cool business to be in and you have a fine new range of surfboards made in Bali you want to get to market.You take your collection of surfboards to a local retailer and...
Source: nzherald.co.nz - Business | 17 Jul 2010 | 10:00 am

Where's the party?

Queens Wharf has been locked in as "party central" for the Rugby World Cup - but will anyone turn up?An informal street poll by the Herald on Sunday asked 100 people in downtown Auckland where they would like the party held,...
Source: nzherald.co.nz - Business | 17 Jul 2010 | 10:00 am

Poof -- week's stock gains erased

Stocks slumped Friday after financial firms Bank of America and Citigroup reported weaker quarterly revenue and a plunge in consumer sentiment revived concerns about the economic outlook.
Source: Business and financial news - CNNMoney.com | 17 Jul 2010 | 7:40 am

Warning! Avalanche of earnings ahead

The quarterly reporting period kicks into full swing this week, with 122 of the largest companies due to report, giving investors more clarity on how corporate America - and the consumer -- are faring amid the economic slowdown.
Source: Business and financial news - CNNMoney.com | 17 Jul 2010 | 7:35 am

Your Money: Pre-pay meters and bank fees

In this week's Your Money Nigel Cassidy investigates why more and more of us are being persuaded by the high street banks to pay a monthly fee for our banking, and Adam Scorer from Consumer Focus talks about pre-payment meters.
Source: BBC News - Business | 17 Jul 2010 | 7:26 am

Motorola Droid X Sold Out

Consumers who want to buy a new Motorola (NYSE: MOT) Droid X from Verizon Wireless may want to buy an Apple Inc (NASDAQ: AAPL) iPhone 4 instead, even if it comes with a rubber sheath. The Verizon Wireless website shows that the Droid X is sold out until July 27 when handsets ordered now will [...]

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Source: 24/7 Wall St. | 17 Jul 2010 | 7:24 am

China's Wen soothes on rare earths and investment worries

XI'AN, China (Reuters) - Chinese premier Wen Jiabao told a German trade delegation that China would not block exports of rare earth metals, while disputing allegations that China's investment climate has worsened for foreign businesses.



Source: Reuters: Business News | 17 Jul 2010 | 7:00 am

Airlines Set To Fly To Near Record High Revenues For Second Quarter

Starting with Monday’s 2nd quarter earnings release by Delta (NYSE: DAL) and ending on July 29thwith Southwest (NYSE: LUV),AirlineFinancials.com estimates the nine largest US airlines will report an accumulated $1.77 billion in net profitson $31.5 billion in revenues. This updated estimate is at the high end of the May 18 projection when AirlineFinancials.com stated: The nine [...]

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Source: 24/7 Wall St. | 17 Jul 2010 | 6:59 am

Telefonica deal to buy Brazil's Vivo falls apart (AP)

AP - Spanish telecommunications giant Telefonica on Saturday pulled out of negotiations to acquire a euro7.15 billion ($9.3 billion) stake in Brazil's leading cell phone company Vivo.
Source: Yahoo! News: Business News | 17 Jul 2010 | 6:22 am

Northern Rock angers brokers

The state-owned bank Northern Rock Asset Management has been accused of treating its customers unfairly by mortgage advisers.
Source: BBC News - Business | 17 Jul 2010 | 6:15 am

Russia Gazprom denies RWE invitation to South Stream

VARNA, Bulgaria, July 17 (Reuters) - Gazprom , Russia's gas export monopoly, denies on Saturday it has invited the German utility RWE to join its South Stream pipeline in order to weaken the rival Nabucco...
Source: RSS feed - channel BNewsBusiness | 17 Jul 2010 | 6:03 am

Six Banks Fail As Total Nears 100

Six more American banks failed. The FDIC and state bank authorities took over each one and sold the assets off to other firms. The tally of banks that failed this year is now 96. The banks were Mainstreet Savings Bank, Hastings, MI, Olde Cypress Community Bank, Clewiston, FL, Turnberry Bank, Aventura, FL, Metro Bank of [...]

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Source: 24/7 Wall St. | 17 Jul 2010 | 5:00 am

CAA gives advice to Goldtrail customers

The British tour operator Goldtrail has collapsed, with around 16,000 customers on their holidays abroad. The Civil Aviation Authority has stepped in and says it is making arrangements to fly people home at the end of their holidays.
Source: BBC News - Business | 17 Jul 2010 | 4:45 am

Fashion sales rise despite the 'crunch'

At the height of the credit crunch, high-end fashion suffered just as much as other retailers.
Source: BBC News - Business | 17 Jul 2010 | 3:27 am