Air Canada reaches tentative pact with union (Reuters)
Reuters - The S&P 500 fell for a sixth day on Monday as time runs out for the government to pass a deal to avoid default and the economy showed further signs of stalling.
AFP - Stocks in London closed lower on Monday in the wake of a bleak report on the US manufacturing sector.
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Reuters - Russian Prime Minister Vladimir Putin accused the United States Monday of living beyond its means "like a parasite" on the global economy and said dollar dominance was a threat to the financial markets.
Reuters - Euro group chairman Jean-Claude Juncker said on Monday it would be surprising if the rest of the world, and the euro zone in particular, avoided repercussions were the United States to lose its AAA credit rating.
Reuters - Retailers are poised to report higher sales for July, a discount-driven month that may do little to lift their margins.
AFP - World oil prices were mixed on Monday, after a disappointing report on the US manufacturing sector and concerns about the debt-ceiling deal in Washington led to a volatile day of trading.
Posted: 01 Aug 2011 05:31 PM PDT
Reuters - Air Canada said it has reached a tentative agreement relating to compensation and benefits with the union that represents its flight attendants.
Posted: 01 Aug 2011 01:52 PM PDT
Reuters - The S&P 500 fell for a sixth day on Monday as time runs out for the government to pass a deal to avoid default and the economy showed further signs of stalling.Posted: 01 Aug 2011 01:42 PM PDT
Reuters - A deal to raise the U.S. debt ceiling after weeks of tough talks between the White House and Congress has raised hope leaders will now turn their attention to resolving difference blocking three long-delayed trade deals, U.S. business groups said on Monday.
Posted: 01 Aug 2011 04:40 PM PDT
Reuters - The Bank of Japan is expected to ease monetary policy this week to support a fragile economic recovery if the yen continues to rise quickly enough to trigger currency intervention, sources familiar with the central bank's thinking said.
Posted: 01 Aug 2011 04:25 PM PDT
Reuters - South Korea's central bank bought 25 tonnes of gold over the past two months in its first purchase in more than a decade, saying the time was ripe to boost its gold holding, but markets barely moved on the news.
Posted: 01 Aug 2011 09:18 AM PDT
AFP - Stocks in London closed lower on Monday in the wake of a bleak report on the US manufacturing sector.Posted: 01 Aug 2011 02:45 PM PDT
Posted: 01 Aug 2011 02:40 PM PDT
AP - Humana Inc. posted a 35 percent surge in second-quarter profit Monday, easily beating Wall Street views, as more people enrolled in the health insurer's Medicare plans while existing members made less use of its health care services.
Posted: 01 Aug 2011 11:28 AM PDT
Reuters - Euro group chairman Jean-Claude Juncker said on Monday it would be surprising if the rest of the world, and the euro zone in particular, avoided repercussions were the United States to lose its AAA credit rating.Posted: 01 Aug 2011 03:28 PM PDT
Investor's Business Daily - Chip sales worldwide fell 2% from Q1 to Q2, totaling $24.5 bil, down 1% from a year ago, the Semiconductor Industry Association said. The trade group said sales were hurt by a sluggish global economy and the effects of the March quake in Japan. Jefferies said the decline is significantly below the 5-year historical average of 9% Q2 sales growth. PC chipmaker Intel (NASDAQ:INTC - News) slipped 0.4% to 22.24, and cell phone chipmaker Texas Instruments edged up 0.5% to 29.89.
Posted: 01 Aug 2011 10:36 AM PDT
Reuters - Retailers are poised to report higher sales for July, a discount-driven month that may do little to lift their margins.Posted: 01 Aug 2011 01:45 PM PDT
Time.com - Banks have a new remedy to America's ailing housing market: Bulldozers.
Posted: 01 Aug 2011 12:57 PM PDT
AFP - World oil prices were mixed on Monday, after a disappointing report on the US manufacturing sector and concerns about the debt-ceiling deal in Washington led to a volatile day of trading.Posted: 01 Aug 2011 02:42 PM PDT
AP - Delta Air Lines said on Monday it will refund the ticket taxes charged for travel during the Federal Aviation Administration shutdown.
Posted: 01 Aug 2011 03:54 PM PDT
ContributorNetwork - In Grand Haven, Mich., at the mouth of the Grand River on Lake Michigan, the first week of August means one thing: Coast Guard Festival. 2011 marks 221 years of Coast Guard protection and the 87th festival. Sunday was the Cruise-In Classic Car Show and today the mighty Coast Guard fleet steamed into our harbor.
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