Business News
Wall Street marks best month in a year in July
(Reuters)
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.
UK's Osborne urges banks to lend, restrain bonuses
(Reuters)
Reuters - British finance minister George Osborne urged the country's banks to use strong first-half profits to boost business lending rather than pay large bonuses, in an interview published late on Saturday.
Eurazeo in exclusive B&B Hotels talks with Carlyle
(Reuters)
Reuters - French financial holding firm Eurazeo said on Saturday it is in exclusive talks to sell its B&B Hotels chain to U.S. private equity firm the Carlyle Group.
BP may sell German gas stations for $2.6 billion: report
(Reuters)
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.
Jobs data, earnings latest test for stocks
(Reuters)
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.
Stocks trade mixed to open busy earnings week
Stocks gave up early gains and turned narrowly mixed at the start of a busy week of earnings. The Dow reached a new trading high for the year, edging closer to 10,000.
Economists: The Great Recession is over, but ...
The nation’s top business economists have declared "the Great Recession of 2008-09 is over.” But they aren’t exactly popping champagne corks about what they see coming next.
Two Americans win Nobel economics prize
Elinor Ostrom became the first woman to win a Nobel Prize in economics, honored along with fellow American Oliver Williamson on Monday for analyzing economic governance .
Job data: Stimulus aided teachers, laborers
Public school teachers are expected to be the big winners when states reveal for the first time how many jobs were created or saved during the first months of the $787 billion stimulus plan.