BSkyB chair James Murdoch backed by investor Odey

BSkyB chair James Murdoch backed by investor Odey (Reuters)

Posted: 23 Jul 2011 03:33 PM PDT

Reuters - A leading investor in BSkyB said he backs James Murdoch staying as chairman of the pay-TV firm despite politicians questioning his suitability, the Telegraph newspaper web site reported on Saturday.

Fed, Treasury officials met to discuss US default (AP)

Posted: 22 Jul 2011 11:50 AM PDT

AP - Officials from the Federal Reserve and U.S. Treasury met Friday to discuss what would happen if the nation defaults on its debt, a scenario that could occur next month if Congress doesn't raise the nation's borrowing limit.

Protest marches converge on Spain's capital (AP)

Posted: 23 Jul 2011 10:42 AM PDT

AP - Several hundred Spaniards angry about their country's economic crisis protested on the outskirts of Madrid Saturday after spending about a month marching to the capital from their hometowns.

India closer to opening up $450 bln retail sector (AFP)

Posted: 23 Jul 2011 12:20 PM PDT

AFP - A top Indian government panel has approved a plan to allow foreign direct investment (FDI) in the country's vast retail market in what would be one of the country's biggest economic reforms.

Iraq begins pumping through Al-Ahdab oil pipeline (AFP)

Posted: 23 Jul 2011 08:04 AM PDT

AFP - Iraq began pumping crude Saturday through a pipeline connecting the central Al-Ahdab oil field to export terminals in the south, Deputy Prime Minister Hussein al-Shahristani said, adding that exports would begin August 1.

Airlines are taking savings from expired taxes (AP)

Posted: 23 Jul 2011 04:59 PM PDT

AP - Airlines are tossing consumers aside and grabbing the benefit of lower federal taxes on travel tickets.

Suzuki frustrated with VW, mulls turning to Fiat: report (AFP)

Posted: 23 Jul 2011 10:34 AM PDT

AFP - Japanese automaker Suzuki is getting increasingly frustrated with its larger partner Volkswagen and is eyeing deeper ties with Italian giant Fiat, German media said Saturday.