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US Business News | Home

Wall Street marks best month in a year in July (Reuters)

A trader works on the floor of the New York Stock Exchange July 28, 2010. REUTERS/Brendan McDermidReuters - U.S. stocks closed little changed on Friday, but Wall Street wrapped up its best month in a year after the earnings season rounded the final turn with a group of strong results that offset the impact of poor economic data.




UK's Osborne urges banks to lend, restrain bonuses (Reuters)
Reuters - British finance minister George Osborne urged the country's banks to use strong first-half profits to boost business lending rather than pay large bonuses, in an interview published late on Saturday.

Eurazeo in exclusive BB Hotels talks with Carlyle (Reuters)
Reuters - French financial holding firm Eurazeo said on Saturday it is in exclusive talks to sell its BB Hotels chain to U.S. private equity firm the Carlyle Group.

BP may sell German gas stations for $2.6 billion: report (Reuters)
Reuters - BP Plc is seeking to sell its German petrol station chain Aral for around 2 billion euros ($2.6 billion), German magazine Wirtschaftswoche reported on Saturday, citing investment bankers familiar with BP's plans.

Jobs data, earnings latest test for stocks (Reuters)
Reuters - U.S. stocks are unlikely to break above a key technical level next week unless monthly jobs data and consumer company results paint a more promising picture of the recovery.



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