Business
Wall Street opens higher after jobless claims
(Reuters)
Reuters - Wall Street rose at the open on Thursday on strong earnings from companies including Exxon Mobil and after a drop in weekly jobless claims offered hope for the anemic labor market recovery.
Exxon profit tops Wall Street
(Reuters)
Reuters - Exxon Mobil Corp reported a better-than-expected second-quarter profit on Thursday, as oil prices and margins to process crude into fuel rebounded from a year earlier and production rose.
Jobless claims fall, raise optimism for recovery
(Reuters)
Reuters - New U.S. claims for unemployment benefits fell slightly more than expected last week, offering a ray of hope for the anemic labor market recovery.
Toyota says to recall 412,000 cars in the U.S.
(Reuters)
Reuters - Japans Toyota Motor Corp said on Thursday it would recall 412,000 high-end passenger cars in the United States to fix steering problems.
Motorola profit and revenue beat Wall Street view
(Reuters)
Reuters - Motorola Inc posted quarterly earnings and revenue that beat Wall Street expectations driven by products such as mobile network equipment, sending its shares up 1 percent.
Soros to buy 4 pct stake in Bombay bourse: report
(AFP)
AFP - Billionaire investor George Soros is close to sealing a 40-million-dollar deal to buy Dubai Holdings 4.0 percent stake in the Bombay Stock Exchange (BSE), the Financial Times reported Wednesday.
Oil hovers near $77 on US economy, crude demand
(AP)
AP - Oil prices hovered near $77 barrel Thursday in Asia amid signs of a slowing U.S. economy and weak demand for crude.
McClatchy 2Q earnings drop; ad trends improve
(AP)
AP - Newspaper publisher McClatchy Co. said Thursday its second-quarter net income dropped sharply from last years results that were boosted by a gain from debt restructuring.
Italy seeks private sponsors to restore Colosseum
(AP)
AP - Italian officials are seeking to raise some euro25 million (about $32 million) in private money to finance the restoration of one of the countrys iconic landmarks: the Colosseum.
Mortgage lenders must register in database
(AP)
AP - Loan officers at banks will be required to provide their names and fingerprints to a national database as part of an effort to crack down on shady operators who fed the real estate bubble.
Greek police tear gas protesting fuel drivers
(AP)
AP - Greek police used tear gas Thursday to disperse protesting fuel-truck drivers, whose strike is hurting tourism and industry, after the government issued an emergency order to force them back to work.
Out-of-stock Kindle may mean new version coming
(Reuters)
Reuters - Amazon.com said its best-selling Kindle device was currently out of stock, leading one Internet analyst to surmise the online retailer was poised to launch a new version.
Foreclosures up in 75 percent of top U.S. metro areas
(Reuters)
Reuters - Foreclosures rose in 3 of every four large U.S. metro areas in this years first half, likely ruling out sustained home price gains until 2013, real estate data company RealtyTrac said on Thursday.
Exxon Mobils 2Q earnings more than double
(AP)
AP - Exxon Mobil Corp. said Thursday its second quarter income nearly doubled to $7.56 billion as oil prices increased from last year.
Obama pushes business bill as an all-American goal
(AP)
AP - President Barack Obama on Wednesday cast his latest economic pitch as a matter of patriotism, urging the Senate to ditch its partisan mode at least long enough to pass a package of tax cuts and loan relief for small businesses. "This is as American as apple pie," the president said.
