France, Germany return to growth, hopes rise for European economyLONDON — Government programs to support the auto industry helped Germany and France return to economic growth in the second quarter, rebounds that stoked hopes the 16-country euro area may recover sooner than thought. Oil rises above $70 in Asia as investors eye improving IEA crude demand forecastSINGAPORE — Oil prices rose above $70 a barrel Thursday in Asia as the International Energy Agency boosted its global crude demand forecast. Obama goes on offensive in support of health care plan, saying critics using ’scare tactics’PORTSMOUTH, N.H. — Braced for a fight he never got, President Barack Obama went on the offensive in support of his health care plan Tuesday, urging a town hall audience not to listen to those who seek to “scare and mislead the American people.” Shooting kills well-known Mexican lawyer for suspected drug traffickersMEXICO CITY —A Mexican lawyer known for defending high-profile drug trafficking suspects was shot to death Sunday at a street market in the northern city of Monterrey. China executes former Beijing airport boss
Allstate posts 2nd-qtr profit even as catastrophe losses surge 17 pct, investment income fallsCHARLOTTE, N.C. — Surging catastrophe losses weighed heavily on Allstate Corp.’s earnings Wednesday, but the insurer still turned a profit in the second quarter. Senate will approve ‘cash-for-clunkers’ extension, Democratic leader saysWASHINGTON — Senate Majority Leader Harry Reid is predicting swift approval for an extension of the popular “cash-for-clunkers” program, which is rapidly running out of money because of surging demand from consumers eager to purchase new cars with federal help. Russia’s VTB posts $661 million loss in Q1 on higher provisionsMOSCOW — Russia’s second-largest bank VTB on Tuesday posted a 20.5 billion ruble ($660.2 million) net loss for the first quarter of the year as it had to boost its provisions for bad debts. The bank said it would raise more capital with a $5.8 billion share issue and would not see profits this year. NCAA, other leagues say Delaware officials are trying to delay ruling on sports bettingDOVER, Del. — Delaware officials are trying to delay a decision that might stop a sports betting lottery from kicking off in September, an attorney said in court papers Monday. Screams, cries, as violent turbulence hurls passengers on Continental flight; 26 injuredMIAMI — Some passengers were snoozing while others snacked when the first turbulence rattled Continental Flight 128 over the Atlantic. Suddenly, the jetliner began to plunge and shake violently, hurling passengers over seatbacks and slamming them against luggage bins. Former Citi CFO Krawcheck to run BofA’s investment operations; bank makes other exec movesCHARLOTTE, N.C. — Bank of America Corp. shuffled some of its top executives Monday and said some of the managers might be in a position to succeed CEO Ken Lewis. German retail sales show unexpected 1.8 percent month-on-month fall in JuneBERLIN — German retail sales saw an unexpected month-on-month fall in June as the global crisis maintained its grip on Europe’s biggest economy, an official estimate showed Monday. Limit those bonuses, House votes, in measure aimed at restraining risky Wall Street behaviorWASHINGTON — Bowing to populist anger, the House voted Friday to prohibit pay and bonus packages that encourage bankers and traders to take risks so big they could bring down the entire economy. Lok Sabha speaker mourns Gayatri Devi’s deathNEW DELHI - Lok Sabha Speaker Meira Kumar Thursday mourned the death of Rajmata Gayatri Devi, the erstwhile maharani of Jaipur, saying she was “a distinguished member of parliament and an exemplary human being”. KC Southern reports steep drop in second-quarter profits as shipments and fuel surcharges fallKANSAS CITY, Mo. — Regional railroad operator Kansas City Southern reported a much smaller second-quarter profit Thursday as the economy and lower fuel prices slashed revenue by 30 percent. Omar questions PDP chief over sex scandal, Guv rejects his resignationSRINAGAR - While pandemonium continued in the Jammu and Kashmir State Assembly even on the third day over ’sex scandal’ issue, it was Chief Minister Omar Abdullah’s turn on Thursday to slam PDP leader Mufti Mohammad Sayeed for turning a blind eye all these years since 2006. MasterCard books 2nd-quarter profit, revenue above Wall Street’s expectationsNEW YORK — MasterCard Inc. said Thursday that it booked a profit of nearly $350 million during the second quarter, exceeding Wall Street’s expectations, as cost trimming and an increase in transactions helped offset a decline in the amount consumers spent. House joins Senate in urging pardon for Jack Johnson, first black boxing championWASHINGTON — Congress approved a resolution Wednesday urging a presidential pardon for Jack Johnson, the late black heavyweight champion who was imprisoned because of his romantic ties with a white woman. Ex-buyer sues Trump casinos for failed NJ deal, latest wrinkle in bankruptcy caseATLANTIC CITY, N.J. — A decision is nearing on whether Donald Trump can regain control of the Atlantic City casino empire he once ruled, but a new complication has emerged in an already tangled situation. Carmaker Daimler reports Q2 loss of euro1.06 billion ($1.51 billion), sales fall to euro19.6 billionBERLIN — Germany’s Daimler AG said Wednesday that it lost €1.06 billion ($1.51 billion) in the second quarter as the recession hurt car and truck sales and the company took charges related to its stake in Chrysler. But the company saw signs of a turnaround and its shares rose. Treasurys pare gains as demand at auction of $42 billion of two-year notes faltersNEW YORK — Treasury prices were giving up some of their gains Tuesday after a lackluster auction of $42 billion of two-year notes. Suspect in shooting death of Kansas late-term abortion provider Tiller expected to enter pleaWICHITA, Kan. — An usher at the church where Kansas abortion Dr. George Tiller was shot to death says he and Tiller were chatting when he saw a man walk through a door, put a gun to Tiller’s head and shoot him. Grasim first quarter net jumps 61 percentMUMBAI - Grasim, an Aditya Birla Group company with interest in cement, chemicals and textiles, Tuesday reported a net profit of Rs.1,080 crore for the first quarter this fiscal, a 61 percent jump over the Rs.672 crore it earned in the year-ago period. Israel tells leery US it will do whatever it must to keep Iran from gaining nuclear bombJERUSALEM — Israel hardened its insistence Monday that it would do anything it felt necessary to stop Iran from getting a nuclear bomb, just the ultimatum the United States hoped not to hear as it tried to nudge Iran to the bargaining table. Parnell v. Palin: Alaska’s soon-to-be governor says he shares Palin’s values, not personalityANCHORAGE, Alaska — After Sean Parnell becomes Alaska’s governor on Sunday, he’s promised to push many of Sarah Palin’s higher profile initiatives, like the natural gas pipeline. Police in UP bust racket of girl running from Nepal to Gulf countriesGORAKHPUR - Police officials of Uttar Pradesh’s Gorakhpur district recently detained five women, who were allegedly being taken to Gulf countries for flesh trade. Top Democrat: Corzine picks state Sen. Loretta Weinberg as running mateTRENTON, N.J. — Gov. Jon Corzine has chosen northern New Jersey state Sen. Loretta Weinberg as his running mate, two Democratic officials close to the governor said Friday. Stock regulator raises profile with ads as Congress seeks to improve financial oversightWASHINGTON — A little known industry-sponsored group that oversees stock brokers is raising its profile with a national media campaign as Congress works on tightening the government’s regulation of banks and other financial service providers. UN health agency’s flu chief: safety of swine flu vaccine ‘cannot be compromised’GENEVA — The World Health Organization’s flu chief says there must be no doubt over the safety of swine flu vaccines before they are given to the public. Inter Parfums sales fall 11 percent in the 2nd quarter, hurt by stronger dollarNEW YORK — Perfume maker Inter Parfums Inc. said Thursday sales fell 11 percent in the second quarter, hurt partly by the stronger dollar. |
Topics
Poll Loading ...Latest TweetsFall
Latest Friend FeedsFall
|
BEIJING — The former head of Beijing airport’s management company was executed Friday following his conviction on corruption charges, state media reported, making him the latest figure brought down in China’s battle against widespread graft. An intermediate court found 60-year-old Li Peiying guilty in February of accepting almost $4 million in bribes and embezzling about $12 million in public money since 1995, the Xinhua News Agency said.
