Tropical storm warning issued for Mass. coast as Category 2 Hurricane Bill speeds toward USHAMILTON, Bermuda — A tropical storm warning was issued for the Massachusetts coast Saturday as waves from Hurricane Bill pounded Bermuda and people from Florida to New England braced for high surf and rip currents from the storm. GM board refuses to accept Canada’s Magna as Opel winner (Lead, changing dateline)TORONTO - General Motors Friday postponed its decision on whether Canada’s Magna International was the winning bidder for its Opel brand. Air fares between India and Trinidad to become cheaperPort-of-SPAIN - Indian High Commissioner to Trinidad and Tobago Malay Mishra has announced that state-owned Caribbean Airlines and Air India are working on a project to reduce air fares between the two countries. China Mobile picks Taiwan firm to supply electronic readersTAIPEI - China Mobile Ltd, the world’s largest mobile phone carrier, has decided to pick Taiwan’s electronics giant Hon Hai Group as its supplier of electronic readers, a top company official said Saturday. Oil spills from drilling rig off AustraliaSYDNEY - Oil spilled from a drilling rig 690 km west of the Australian city of Darwin Saturday as a cleanup operation was beginning to get underway. American Airlines to charge for second checked-in bagNEW YORK - Passengers from India and some European countries travelling on American Airlines will have to pay more after Sep 15 if they have a second bag to check-in, the carrier has said. Guaranty Bank succumbs to losses; shut down by regulators; 81 US bank failures this yearWASHINGTON — Guaranty Bank, a big Texas lender that succumbed to losses on loans to homebuilders and mortgage-tied securities, was shut down by regulators Friday and most of its operations sold to a major Spanish bank. Bengal industrialists in race to praise MamataKOLKATA - Railways Minister Mamata Banerjee, known for leading agitations against the Tata Group’s small car project in Singur and a special economic zone in Nandigram, was lavishly praised by West Bengal industrialists at a meeting here. Sensex stems losses (Weekly Market Review)MUMBAI - A two-day rally by a key index of the Indian equities markets stemmed losses this week, but the index still ended 1.11 percent lower Friday than its previous weekly close. Official: 17 more bodies recovered at Siberian power plant; death toll reaches 64MOSCOW — An official says 17 more bodies have been found at a Siberian power plant, raising the death toll from an accident there to 64. 12 million jobseekers in China won’t find work this year even if country hits growth targetBEIJING — As many as 12 million people in China who are looking for jobs will not be able to find employment this year, an official newspaper reported Saturday. Mexican officials worry about California’s plan to free thousands of inmates in budget crunchMEXICALI, Mexico — Mexican authorities have been sending more alleged criminals north to the U.S. for trial since President Felipe Calderon took office. Now a Mexican official is worried about a flow in the other direction. NASA begins countdown for Tuesday launch of space shuttle Discovery, good weather expectedCAPE CANAVERAL, Fla. — NASA has begun the launch countdown for space shuttle Discovery. Guaranty Bank succumbs to losses; shut by regulators; 81 US bank failures this yearWASHINGTON — Guaranty Bank, a big Texas lender that succumbed to losses on loans to homebuilders and mortgage-tied securities, was shut down by regulators Friday and most of its operations sold to a major Spanish bank. Regulators shut Guaranty Bank in 2nd largest failure; toll of failed banks mountsWASHINGTON — Regulators on Friday shut down Guaranty Bank, a big Texas-based lender felled by losses on loans to homebuilders and borrowers, in the second-largest U.S. bank failure this year. Exhibitor says London will be first stop for exhibition of Jackson memorabiliaLOS ANGELES — The president of the company planning an exhibit of Michael Jackson’s memorabilia says the show’s first stop will be London’s O2 Arena. Frank Fertitta Jr., founder of Station Casinos, dies at age 70LAS VEGAS — Frank Fertitta Jr., the founder of casino operator Station Casinos Inc. who retired when his sons took the company public in 1993, has died. He was 70. GM executives, board, split over Opel fate: ReportWASHINGTON/BERLIN - General Motors’ newly-appointed board has failed to support a plan backed by its executives that would sell the US auto giant’s European subsidiary, Opel, to Canadian auto supplier Magna International Inc, according to reports Friday. Regulators shut Guaranty Financial in 2nd largest failure, 81st US bank failure in ‘09WASHINGTON — Regulators on Friday shut down Guaranty Financial Group Inc., a big lender felled by losses on loans to homebuilders and borrowers, in the second-largest U.S. bank failure this year. Court records say stolen Mexican oil sold to German chemical giant BASFMEXICO CITY — A Texas oil executive says his small company was one of several that bought millions of dollars worth of stolen Mexican petroleum and then sold the illicit products to larger U.S. companies including chemical giant BASF. US Court records say stolen Mexican oil sold to German chemical giant BASFMEXICO CITY — A Texas oil executive says his small company was one of several that bought millions of dollars worth of stolen Mexican petroleum and then sold the illicit products to larger companies in the U.S. including chemical giant BASF. Nevada unemployment hits record in July: 12.5 percent statewide, 13.1 percent in VegasLAS VEGAS — Nevada’s unemployment rate hit a record in July, climbing to 12.5 percent statewide and 13.1 percent in Las Vegas, according to a state report issued Friday. Summary Box: Report says Dow Jones & Co. seeking buyers for stock-market indexing businessWALL STREET ICON: Dow Jones & Co. is considering selling its stock-market indexing business, The Wall Street Journal reported Friday. Toll of failed banks mounts as many small banks fall; regulators close banks in Ga, AlaWASHINGTON — The toll of failed banks is mounting, with 80 institutions closed by regulators so far this year — the most since 1992 at the height of the savings-and-loan crisis. Better mood at annual Fed conference: A year after crisis erupted, relief laced with cautionJACKSON, Wyo. — You could almost hear the sigh of relief. AP sources: White House to project $2 trillion higher deficit over next decadeWASHINGTON — The Obama administration expects the federal deficit over the next decade to be $2 trillion bigger than previously estimated, White House officials said Friday, a setback for a president already facing a Congress and public wary over spending. With just a weekend left, dealers say Cash for Clunkers sales may be hard to makeWASHINGTON — Auto dealers are bracing for a possible rush of last-minute shoppers before the Cash for Clunkers program ends Monday, but some buyers may find they won’t be able to cash in on big government rebates. Toll of failed banks mounts as many small banks fall; regulators close Ga bank, 78th failureWASHINGTON — The toll of failed banks is mounting, with 78 institutions closed by regulators so far this year — the most since 1992 at the height of the savings-and-loan crisis. Prices for copper, silver, oil surge after jump in home sales, reassuring words from BernankeNEW YORK — Investors returned to the commodities market Friday in a big way, sending prices for copper, silver and oil sharply higher amid clearer signs the economy is healing. Money Pit? Tom Hanks, Rita Wilson take battle with upscale contractor to Idaho Supreme CourtBOISE, Idaho — The latest act in a nine-year battle between Tom Hanks, his wife Rita Wilson and a high-end contractor played out before the Idaho Supreme Court on Friday. |
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