Business

Traders work on the floor of the New York Stock Exchange Reuters

Futures edges down ahead of Q2 growth data

Reuters – 17 mins ago

NEW YORK (Reuters) – Stock index futures slipped on Friday as investors turned cautious ahead of a report expected to show slowing growth in the U.S. economy in the second quarter. Full Story »

China overtakes Japan as No.2 economy: FX chief

Reuters – 2 hrs 42 mins ago
  • Economic growth seen slower in Q2 on imports

    Reuters – Fri Jul 30, 12:02 am ET  
    People wait in line to enter the City University of New York... Reuters

    WASHINGTON (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. Full Story »

  • Aon Q2 profit tops Wall Street view

    Reuters – 24 mins ago  

    BANGALORE (Reuters) - Aon Corp , the world's largest insurance brokerage, reported a larger-than-expected quarterly profit as contributions from recent acquisitions helped offset decline in commissions. Full Story »

  • Cisco briefly halted after circuit breaker

    Reuters – Thu Jul 29, 12:42 pm ET  

    NEW YORK (Reuters) - Trading in Cisco Systems Inc shares was briefly halted on Thursday after triggering a circuit breaker. Full Story »

  • Fed's Bullard: deflation risk has risen

    Reuters – Thu Jul 29, 9:24 pm ET  

    TOKYO (Reuters) - St. Louis Federal Reserve Bank President James Bullard said the risk of deflation in the United States has risen somewhat compared with the beginning of this year, the Nikkei newspaper reported. Full Story »

  • EADS raises outlook despite drop in Q2 profit

    AP – 11 mins ago  

    PARIS - EADS NV, the parent company of plane-maker Airbus, raised its outlook for 2010 — despite a 61 percent drop in second quarter earnings — as a rash of new aircraft orders boosted hopes that a painful two-year downturn is over. Full Story »

  • Italy seeks private sponsors to restore Colosseum

    AP – Thu Jul 29, 10:59 am ET  

    ROME - 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. Full Story »

  • NY AG announces probe of life insurance industry

    AP – Thu Jul 29, 11:45 pm ET  
    New York Attorney General Andrew Cuomo attends a news conference... Reuters

    NEW YORK - State Attorney General Andrew Cuomo said Thursday that he had opened a fraud investigation into how life insurers pay out benefits after policyholders die. Full Story »

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World News

Two employees of the U.S. Embassy in Paris were undergoing medical tests after handling a suspicious letter Friday, the embassy said Friday. Full Story »

Technology News

Samsung says 2Q net profit surges 83 percent

AP – Fri Jul 30, 4:54 am ET

Samsung's quarterly profit surged to a record high as sales of semiconductors, flat panels and TVs climbed, but the electronics giant warned that intensifying competition in areas like mobile phones could dent earnings in coming quarters. Full Story »

Science News

Expo shows illegal pet trade rampant in Indonesia

AP – Fri Jul 30, 2:40 am ET

The most threatened tortoise in the world is being sold openly at a plant and animal exposition in the heart of Indonesia's capital, highlighting concerns about the rampant — and growing — illegal pet trade. Full Story »