World News Center

Asia stocks slip on U.S. worries (Reuters)

July 30, 2010

Reuters - Asian stocks sagged on Friday as worries U.S. growth data may surprise on the downside and downbeat comments from a Federal Reserve official gave investors reason book profits from a steady rally this month.

Citigroup to pay $75 million to settle SEC charges (Reuters)

July 30, 2010

Reuters - Citigroup Inc will pay $75 million to settle charges that it failed to disclose subprime exposure to investors in 2007, the U.S. Securities and Exchange Commission said on Thursday.

Colgate, Glaxo sue over toothpaste "nurdle" (Reuters)

July 30, 2010

Reuters - Two lawsuits have been filed over a gob of toothpaste.

Disney sells Miramax for $600 million to investor group (Reuters)

July 30, 2010

Reuters - Walt Disney Co said on Friday it had sold film studio Miramax for about $660 million to an investor group, ending months of talks between the media group and various bidders.

SEC charges Wyly brothers with $550 million fraud (Reuters)

July 30, 2010

Reuters - The Securities and Exchange Commission charged billionaire Samuel Wyly and his brother Charles with fraud for reaping more than $550 million of illicit gains by trading stock in four companies while they were serving as directors.

European shares rise on strong earnings (AFP)

July 30, 2010

AFP - Europe's leading stock markets advanced on Thursday, shaking off falls in Tokyo, as dealers reacted to a barrage of earnings from blue-chip companies, including strong numbers from telecoms.

Business Highlights (AP)

July 30, 2010

AP - Initial jobless claims drop to 457,000

Honda posts record quarterly profit on sales rise (AP)

July 30, 2010

AP - Honda says it posted a record quarterly profit of 272.4 billion yen ($3.2 billion) as auto sales grew in North America, Japan and the rest of Asia.

Italy seeks private sponsors to restore Colosseum (AP)

July 30, 2010

AP - Italian officials are seeking to raise some euro25 million (about $32 million) in private money to finance the restoration of one of the country's iconic landmarks: the Colosseum.

NY AG announces probe of life insurance industry (AP)

July 30, 2010

AP - State Attorney General Andrew Cuomo said Thursday that he had opened a fraud investigation into how life insurers pay out benefits after policyholders die.