Business News
| As of 07/29/2010 |
| Wall St falls on tech outlook worries (Reuters) |
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| Citigroup to pay $75 million to settle SEC charges (Reuters) |
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| Colgate, Glaxo sue over toothpaste "nurdle" (Reuters) |
Reuters - Two lawsuits have been filed over a gob of toothpaste.
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| SEC charges Wyly brothers with $550 million fraud (Reuters) |
Reuters - The Securities and Exchange Commission charged billionaire Samuel Wyly and his brother Charles with fraud for reaping more than $550 million of illicit gains by trading stock in four companies while they were serving as directors.
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| MetLife posts Q2 earnings of $1.5 billion, beating Street (Reuters) |
Reuters - MetLife Inc , the biggest U.S. life insurance company, posted a second-quarter profit of $1.53 billion, helped by higher premium revenue from sales domestically and abroad.
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| FTSE 100 edges up in early deals (AFP) |
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| US Fed official warns of 'Japanese-style' stagnation (AFP) |
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| Kia Motors says 2Q net profit rises 61 percent (AP) |
AP - Kia Motors announced Friday that net profit rose 61 percent in the second quarter amid an increase in sales.
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| Italy seeks private sponsors to restore Colosseum (AP) |
AP - 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.
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| NY AG announces probe of life insurance industry (AP) |
AP - State Attorney General Andrew Cuomo said Thursday that he had opened a fraud investigation into how life insurers pay out benefits after policyholders die.
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| China allows release of critical IMF report (AFP) |
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| Out-of-stock Kindle may mean new version coming (Reuters) |
Reuters - Amazon.com said its best-selling Kindle device was currently out of stock, leading one Internet analyst to surmise the online retailer was poised to launch a new version.
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| Florida mortgage firm settles federal charges (AP) |
AP - Federal regulators say a Florida company they accused of misleading borrowers who were seeking to avoid foreclosure has agreed to repay the consumers $2.4 million to settle those charges.
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| Past problems for company at heart of oil spill (AP) |
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| Amgen 2Q net income slips on higher taxes (AP) |
AP - Biotechnology company Amgen Inc. said Thursday that its second-quarter net income slipped 5 percent, mainly on higher taxes, but the results topped Wall Street expectations.
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| Tenneco , (Investor's Business Daily) |
Investor's Business Daily - Tenneco , an auto parts maker, swung to a Q2 profit of 62 cents ex items, topping views by 18 cents. Revenue rose 36% to $1.5 bil, above views. Tenneco, which makes emission control products, shock absorbers and other components, climbed 7.6% to 25.97.
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| The Rebirth of Prague's Vltava River (BusinessWeek) |
BusinessWeek - When Petr Vojak was deciding where to settle down with his family last year, his aim was clear. He wanted somewhere peaceful yet central. Eventually, they decided on a new flat in a northern district along the Vltava river, which flows through Prague.
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