Reuters: Second quarter growth slowed on imports and lower consumer spending.
Reuters: Republicans blocked a small business plan.
Reuters: The House will take up legislation on offshore drilling.
Reuters: Citigroup (NYSE: C) paid $75 million to settle SEC charges over the marketing of subprime paper.
Reuters: Growing competition in the smartphone sector will hit the profits of handset makers.
Reuters: Google Inc. (NASDAQ: GOOG) says that the failure of search results to work in China may be a technical glitch.
Reuters: Microsoft Corporation (NASDAQ: MSFT) showed off a tablet and new smartphone.
Reuters: Russia has begun to regulate the internet more which may effect Google.
Reuters: Walt Disney (NYSE: DIS) sold Miramax for $600 million.
WSJ: The IMF says the US financial system is still at risk.
WSJ: The US House passed a new airline safety bill.
WSJ: Droid sales helped Motorola (NYSE: MOT) earnings.
WSJ: The Justice Department sued Oracle (NASDAQ: ORCL) over defrauding the US government
WSJ: Stronger profits and a weak economy make an odd pair.
WSJ: Samsung’s profits rose.
WSJ: Corporate bond sales are up due to low interest rates.
WSJ: Reliance of India and Universal Studios are in talks about building a theme park in the huge nation.
WSJ: Demand for German products is helping earnings of companies based in the country.
WSJ: The actions of gangsters and drug dealers are helping the EU economy.
WSJ: China Investment Corp, the sovereign fund, earned an 11.7 % return last year.
NYT; Cloning livestock is gaining popularity in Europe.
NYT: The White House will make its case for investing in the car industry.
NYT: The UK will end its mandatory retirement age of 65.
FT: The Federal Reserve reported profits on ownership interest in American International Group (NYSE: AIG) and Bear Stearns.
FT: Earnings at European companies have rebounded strongly.
Bloomberg: Maoists in India have blown up pipelines which may put $78 billion in natural resource projects at risk.
Bloomberg: Toyota Motor (NYSE: TM) recalled 480,00 cars due to steering problems.
Bloomberg: British Air earnings were hurt by strikes and traffic interrupted by volcanic activity.
Douglas A. McIntyre
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