AP - Tropical Storm Bonnie left crews working to plug the Gulf oil gusher a little memento that is expected to push their work back about a day.
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Debris in relief well sets back work on gusher (AP)
Posted: July 31st, 2010, 1:02pm EDT
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Movie tax cuts 'help struggling California economy' (AFP)
Posted: July 31st, 2010, 11:20am EDT
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AFP - A year-old program granting movie studios tax breaks for filming in California has saved jobs and should yield two billion dollars in direct spending, Governor Arnold Schwarzenegger said.
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BP may sell German gas stations for $2.6 billion: report (Reuters)
Posted: July 31st, 2010, 10:35am EDT
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Reuters - BP Plc is seeking to sell its German petrol station chain Aral for around 2 billion euros ($2.6 billion), German magazine Wirtschaftswoche reported on Saturday, citing investment bankers familiar with BP's plans. -
ICICI Bank profit up 17 percent on better loans (AP)
Posted: July 31st, 2010, 7:18am EDT
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AP - ICICI Bank, India's largest private sector bank, said quarterly profit rose 17 percent as it cut costs and eliminated bad loans amid revived credit demand in India's growing economy. -
Cleanup of Mich. river oil spill will take months (AP)
Posted: July 31st, 2010, 3:01am EDT
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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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Merck's 2Q net drops on higher costs, charges (AP)
Posted: July 30th, 2010, 7:14pm EDT
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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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Jobs data, earnings latest test for stocks (Reuters)
Posted: July 30th, 2010, 5:46pm EDT
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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. -
Obama: Detroit auto bailout was unpopular, but it worked (The Christian Science Monitor)
Posted: July 30th, 2010, 5:16pm EDT
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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. -
Obama hails news economy growing, wants more (Reuters)
Posted: July 30th, 2010, 4:50pm EDT
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Reuters - President Barack Obama said on Friday he welcomed news that the U.S. economy grew by 2.4 percent in the second quarter, but said more work was needed to increase that growth rate and generate jobs.
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Dollar sinks to 8-month low vs yen as growth slows (AP)
Posted: July 30th, 2010, 4:34pm EDT
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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.