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Business News

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

A trader works on the floor of the New York Stock Exchange July 28, 2010. REUTERS/Brendan McDermidReuters - 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.


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Jobs data, earnings latest test for stocks (Reuters)
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. more...

Cuomo widens insurer probe with 6 more subpoenas (Reuters)

New York Attorney General Andrew Cuomo attends a news conference in New York in this June 30, 2010 file photo. REUTERS/Mike SegarReuters - 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.


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Imports slow Q2 growth as business spending surges (Reuters)
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. more...

Goldman employees still enamored with firm and CEO (Reuters)
Reuters - Goldman Sachs Group Inc is the bank many Americans love to hate, but one group just plain loves it: its employees. more...

Citigroup paying $75M to settle civil charges (AP)

A man pictured at a branch of Citibank at the US banking giant Citigroup's world headquarters on Park Avenue, New York, in 2008. Citigroup on Friday said it made a 2.7 billion dollar profit in the second quarter of this year, down nearly 40 percent from the same period last year.(AFP/File/Emmanuel Dunand)AP - Banking titan Citigroup Inc. is paying $75 million to settle civil charges that it misled investors about its potential losses from subprime mortgages as the housing bust hit in 2007.


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Dollar sinks to 8-month low vs yen as growth slows (AP)
AP - Weakening U.S. economic growth and worried comments from Federal Reserve officials drove the dollar to an 8-month low Friday against the Japanese yen. more...

Merck's 2Q net drops on higher costs, charges (AP)

FILE - In this file photo made April 15, 2009, the Merck logo is seen in the lobby of Merck & Company, Inc.'s world headquarters in Whitehouse Station, N.J. Drugmaker Merck & Co. on Friday, July 30, 2010, reported a 52 percent drop in second-quarter net income, due to big merger and restructuring charges and lower income from partnerships. (AP Photo/Mel Evans, File)AP - Drugmaker Merck & Co. on Friday reported a 52 percent drop in second-quarter net income, weighed down by big restructuring charges from buying Schering-Plough Corp., generic competition and other factors.


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Greece turns to military to restore fuel supplies (AP)

Protesting truck drivers hold a Greek flag as they protest in central Athens on Friday, July 30, 2010. Defying an emergency government order, Greek truck drivers vowed Friday to press ahead with a protest that has halted fuel supplies across the country and is hurting tourism at peak season.The protesters rejected a compromise offer by the government to offset the financial impact of liberalizing their closed-shop profession.(AP Photo/Petros Giannakouris)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.


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

Last Updated: Fri, 30 Jul 2010 23:46:05 GMT
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Consumer Electronics News

Kansas City: $1/Day Car Insurance? - Sponsored Link
Ad - CompareInsuranceDealers.com Jul 30 2010 10:15PM GMT more...

Japanese authorities: Apple iPod nano may pose fire risk
Computerworld Norge Jul 30 2010 10:15PM GMT more...

Panasonic Unveils 3-D Camcorder for Consumers
Top Tech News Jul 30 2010 10:11PM GMT more...

Apple lawsuit targets knockoff iPod and iPad accessories
MacNN Jul 30 2010 10:07PM GMT more...

Best Buy to ride on Clearwire's network for mobile service
SmartBrief Jul 30 2010 10:05PM GMT more...

Best Buy To Sell Rebranded Clearwire Service - Best Buy Connect brand to expand from 3G to 4G in 2011
Broadband Reports Jul 30 2010 10:01PM GMT more...

Sony dismisses 3.41 firmware concerns
MCV Jul 30 2010 9:59PM GMT more...

Sony, Panasonic defy strong yen in forecasts
Japan Times Jul 30 2010 9:54PM GMT more...

Panasonic to buy out Sanyo, Panasonic Electric
Town Hall Jul 30 2010 9:49PM GMT more...

Panasonic returns to black as appliance sales boom
Town Hall Jul 30 2010 9:49PM GMT more...

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Textile News

Ladies stylish cuffs! - Sponsored Link
Ad - www.jewelrybymiaj.com Jul 30 2010 10:15PM GMT more...

Obama: The Velcro president?
South Florida Sun-Sentinel Jul 30 2010 10:15PM GMT more...

Fabrics Of The Heart
Pretoria News Jul 30 2010 9:09PM GMT more...

Prices move upward on cotton market amid tight supply due to wet spells
Business Recorder Jul 30 2010 8:50PM GMT more...

Maharashtra mulls new textile policy
Hindu Business Line Jul 30 2010 8:27PM GMT more...

Obama: The Velcro president?
Baltimore Sun Jul 30 2010 7:31PM GMT more...

Unifi is back in the black: Yarn manufacturer reports $10.7 million profit for 2010
TradingMarkets Jul 30 2010 6:55PM GMT more...

Statistics: Fibre Consumption for Technical Textiles in India
companiesandmarkets.com Jul 30 2010 6:46PM GMT more...

Global Technical Textiles Business Update, 2nd quarter 2010
companiesandmarkets.com Jul 30 2010 6:45PM GMT more...

India to compete for cotton sales
Delta Farm Press Jul 30 2010 6:42PM GMT more...

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Agriculture News

Top Stock Picks Alerts - Sponsored Link
Ad - www.pennystockpickalert.com Jul 30 2010 10:14PM GMT more...

Ukraine harvested 83% of early grains and leguminous plants
AgriMarket Jul 30 2010 10:14PM GMT more...

As of July 29, Russia produced 33 mln tonnes of grains
AgriMarket Jul 30 2010 10:14PM GMT more...

No donated seeds for Swazi farmers yet
Times of Swaziland Jul 30 2010 10:09PM GMT more...

Siangsiliao farmers win land reprieve
Taipei Times Online Jul 30 2010 10:05PM GMT more...

It's just old cow meat by another name
Sydney Morning Herald Jul 30 2010 9:58PM GMT more...

Ontario boy found after spending night in corn field
CTV.ca Jul 30 2010 9:54PM GMT more...

Zimbabwe: Country Needs U.S.$264 Million for Grain Imports - CFU
AllAfrica.com Jul 30 2010 9:53PM GMT more...

Feds, farmers create habitats for migrating birds
Town Hall Jul 30 2010 9:49PM GMT more...

Black Farmers To Lawmakers: Approve Settlement Funds
NPR Jul 30 2010 9:49PM GMT more...

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