World News Center
Asia shares retreat from highs (Reuters)
July 29, 2010
Reuters - Asian stocks edged down from a three-month high and the dollar eased toward three-month lows on Thursday, hit by soft U.S. data that underlined the patchy nature of the U.S. economic recovery.
Fed says some districts report slowing economy (Reuters)
July 29, 2010
Reuters - The economy kept growing overall in recent weeks, but unevenly and it actually slowed in a few regions as housing markets softened after the end of a popular tax break, the Federal Reserve said on Wednesday.
Panasonic to buy out Sanyo and issue shares (Reuters)
July 29, 2010Reuters - Japan's Panasonic Corp (6752.T) plans to buy the shares it does not own in Sanyo Electric and another unit, four sources said, in a deal that could top $10 billion and strengthen its push into greener businesses.
Visa beats expectations but debit law looms (Reuters)
July 29, 2010
Reuters - Visa Inc , the world's largest credit and debit card processing network, posted higher-than-expected quarterly profit on Wednesday, but analysts said new processing fee regulations could cut into future profits.
Sprint customer growth beats Street (Reuters)
July 29, 2010Reuters - Sprint Nextel Corp said it lost fewer valuable contract customers in the second quarter than analysts expected, helped by its most advanced smartphone, the EVO from HTC Corp (2498.TW).
FTSE 100 climbs in early deals (AFP)
July 29, 2010
AFP - London's leading shares rose at the start of trading on Wednesday, as investors digested a host of company results.
US Fed sees 'modest' recovery faltering in some regions (AFP)
July 29, 2010
AFP - The "modest" US economic recovery is slowing in some parts of the country, the Federal Reserve warned in its latest Beige Book report published Wednesday.
AstraZeneca Q2 profits up 22 pct (AP)
July 29, 2010AP - AstraZeneca PLC has reported a 22 percent rise in second quarter net profit and has also revealed that a key new drug — its blood thinner Brilinta — has been given a thumbs up by an advisory committee of the U.S. Food and Drug Administration.
Bank of England chief says stimulus still needed (AP)
July 29, 2010AP - The governor of the Bank of England said Wednesday that the need to stimulate the economy still takes precedence over concerns about high inflation at a time when the outlook for the global economy remains uncertain.
Mortgage lenders must register in database (AP)
July 29, 2010AP - 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.
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