Euro up on Greece deal hopes, gold off highs

Euro up on Greece deal hopes, gold off highs (Reuters)

Posted: 20 Jul 2011 06:41 PM PDT

Reuters - The euro climbed a third day on Thursday as a deal between France and Germany over a bailout of Greece raised hopes ahead of a major European summit, though investors barely moved from government bonds and precious metals.

Germany, France reach accord on Greek bailout (Reuters)

Posted: 20 Jul 2011 06:41 PM PDT

Reuters - Germany and France have reached a common position on a second bailout of Greece in their effort to prevent the country's debt crisis from spreading through Europe, officials said on Thursday.

Intel backs off PC market outlook, shares slide (Reuters)

Posted: 20 Jul 2011 05:19 PM PDT

Reuters - Intel Corp trimmed its forecast for 2011 personal computer unit sales, warning of softness in mature markets and sending its shares down more than 1 percent even as its revenue outlook beat estimates.

American Express posts higher quarterly earnings (Reuters)

Posted: 20 Jul 2011 04:55 PM PDT

Reuters - American Express Co posted a 31 percent increase in second quarter profits, beating analysts' expectations, as customers spent more on their cards and the company's processing revenue jumped.

Solid earnings push up US stocks (AFP)

Posted: 19 Jul 2011 07:23 AM PDT

AFP - Better-than-expected earnings reports from several leading companies gave US stock markets a strong boost in opening trade Tuesday.

Exclusive: Fitch to decide on U.S. ratings outlook in August (Reuters)

Posted: 20 Jul 2011 10:40 AM PDT

Reuters - Fitch Ratings said on Wednesday it will decide next month whether the United States deserves to keep a stable outlook on its AAA credit rating as it concludes a review of the country's economic and fiscal outlook.

Intel, Qualcomm show changing face of computing (AP)

Posted: 20 Jul 2011 04:33 PM PDT

AP - The changing face of the computer industry was on display Wednesday as two companies representing the old guard and the new issued strong results for the latest quarter.

Dollar weakens as EU meeting nears (AP)

Posted: 20 Jul 2011 12:57 PM PDT

AP - The dollar fell against the euro and most other major currencies late Wednesday ahead of a meeting of European Union leaders.

Consumer-finance watchdog agency launches Thursday (AP)

Posted: 20 Jul 2011 03:21 PM PDT

AP - The consumer-protection agency that was created in the wake of the financial crisis launches Thursday lacking key powers that Congress had intended to give it.

Summary Box: Consumer financial watchdog launches (AP)

Posted: 20 Jul 2011 02:56 PM PDT

AP - WHAT'S NEW: The consumer agency created in the wake of the financial crisis launches Thursday with sweeping new powers to oversee credit cards, mortgages, auto-title loans and other financial products sold to consumers.

Bipartisan tax plan trims mortgage deduction (AP)

Posted: 20 Jul 2011 03:28 PM PDT

AP - A new bipartisan plan to reduce government borrowing would target some of the most cherished tax breaks enjoyed by millions of families — those promoting health insurance, home ownership, charitable giving and retirement savings — in exchange for lowering overall tax rates for everyone.

Native leaders blast minister for pipeline support (Reuters)

Posted: 20 Jul 2011 03:27 PM PDT

Reuters - A coalition of British Columbia native leaders who oppose plans for a major oil pipeline through their lands criticized Canada's natural resource minister on Wednesday for remarks they said appeared to prejudge the regulatory outcome.

Gang Of 6 Would Up Total Take, Cut Rates (Investor's Business Daily)

Posted: 20 Jul 2011 03:42 PM PDT

Investor's Business Daily - The key to the Senate Gang of Six deficit-cutting grand bargain is the combination of higher tax revenue with lower tax rates.

Nissan to build electric car motors at Tenn. plant (AP)

Posted: 20 Jul 2011 11:20 AM PDT

AP - Nissan will build motors for the electric Leaf at its engine plant in Decherd, Tenn., starting in early 2013 as the automaker expands production.