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Wall Street marks best month in a year in July
(Reuters)
Fri, 30 Jul 2010 20:45:12 GMT
Reuters - 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)
Fri, 30 Jul 2010 21:46:17 GMT 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. |
Cuomo widens insurer probe with 6 more subpoenas
(Reuters)
Fri, 30 Jul 2010 18:32:25 GMT
Reuters - 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)
Fri, 30 Jul 2010 21:06:04 GMT 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. |
Goldman employees still enamored with firm and CEO
(Reuters)
Fri, 30 Jul 2010 17:30:41 GMT Reuters - Goldman Sachs Group Inc is the bank many Americans love to hate, but one group just plain loves it: its employees. |
Citigroup paying $75M to settle civil charges
(AP)
Fri, 30 Jul 2010 00:50:15 GMT
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)
Fri, 30 Jul 2010 20:34:31 GMT 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. |
Merck's 2Q net drops on higher costs, charges
(AP)
Fri, 30 Jul 2010 23:14:26 GMT
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)
Fri, 30 Jul 2010 18:36:30 GMT
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)
Fri, 30 Jul 2010 15:51:45 GMT 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. |
IMF lowers Spain growth forecast, warns of 'fragile' rebound
(AFP)
Fri, 30 Jul 2010 18:54:30 GMT
AFP - The IMF on Friday lowered its 2011 growth forecast for the Spanish economy to 0.6 percent from the 0.9 percent it foresaw in April and warned the recovery "is likely to be weak and fragile."
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Out-of-stock Kindle may mean new version coming
(Reuters)
Wed, 28 Jul 2010 17:56:07 GMT 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. |
Glimcher offering raises $96M after costs
(AP)
Fri, 30 Jul 2010 17:36:17 GMT AP - Real estate investment trust Glimcher Realty Trust said Friday a recently completed public offering of 16.1 million common shares generated about $96 million, after commissions, discounts and expenses. |
Cleanup of Mich. river oil spill will take months
(AP)
Sat, 31 Jul 2010 07:01:28 GMT
AP - Officials investigating the cause of a huge oil spill along a major river in southern Michigan say it will take months to clean up the mess, and damage to wetlands and wildlife may last considerably longer.
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Kerry says he mishandled furor over yacht taxes
(AP)
Fri, 30 Jul 2010 13:52:19 GMT
AP - Sen. John Kerry said he always intended to pay taxes in Massachusetts on his $7 million yacht but conceded he mishandled the public furor over his decision to dock the vessel in tax-free Rhode Island.
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Obama: Detroit auto bailout was unpopular, but it worked
(The Christian Science Monitor)
Fri, 30 Jul 2010 21:16:59 GMT The Christian Science Monitor - President Obama used a visit to Michigan Friday to argue the case that despite its unpopularity, his 2009 bailout of the Detroit auto industry has worked. |
The Rebirth of Prague's Vltava River
(BusinessWeek)
Thu, 29 Jul 2010 12:08:41 GMT 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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| Word of the day |
Merriam-Webster's Word of the Day for July 31, 2010 is:
sirenian \sye-REE-nee-un\ noun
: any of an order (Sirenia) of aquatic herbivorous mammals (as a manatee, dugong, or Steller's sea cow) that have large forelimbs resembling paddles, no hind limbs, and a flattened tail resembling a fin
Example sentence:
"Looking humanlike in certain aspects, sirenians are thought to be the basis of the myth of mermaids." (Michael McCarthy, The Independent [London], February 28, 2009)
Did you know?
"Sirenian" traces back via Latin to Greek "seirēn," which is equivalent to our word for the sirens of Greek mythology. And what is the connection between sirens and sirenians? Modern sirenians do not resemble the half bird, half woman creatures who lured sailors to their doom with their sweet singing. But as our example sentence states, sirenians are considered by some to underlie the ancient legends about mermaids. In European folklore mermaids were sometimes called "sirens," and apparently this confusion resulted in the granting of sirenians the name they bear today.
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