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Louisiana officials urge BP to speed claims payments (Jul-5, 23:00 EDT )-- CHAUVIN, LA. -- The BP claims center here is housed in a former bar and dance hall complete with parquet wood floors, but there is little to celebrate. Louisiana - United States - Business and Economy - BP - History
Democratic campaign committees losing big Wall Street donors (Jul-5, 23:00 EDT )-- A revolt among big donors on Wall Street is hurting fundraising for the Democrats' two congressional campaign committees, with contributions from the world's financial capital down 65 percent from two years ago. Democratic - Wall Street -...
Tea party movement's energy, anger make it target for admakers (Jul-5, 23:00 EDT )-- In the ad, a line of British redcoats kneel in the field, muskets raised, waiting to gun down the approaching Colonial insurgents. A lonely violin plays in the background. It's a perfect election-year spot for our time. Any second now, the candidate...
Recovery effort falls vastly short of BP's promises (Jul-5, 23:00 EDT )-- In the 77 days since oil from the ruptured Deepwater Horizon began to gush into the Gulf of Mexico, BP has skimmed or burned about 60 percent of the amount it promised regulators it could remove in a single day. United States - Storage - Hardware...
Ex-IMF economist Rogoff gloomy on China property (Reuters) (Jul-5, 20:50 EDT )-- Reuters - China's property market is beginning a collapse that will hit the banking system, Harvard University economics Kenneth Rogoff told Bloomberg Television.
China sentences American geologist to 8 years for stealing state secrets (Jul-5, 20:38 EDT )-- SHANGHAI -- An American geologist jailed for the past 2 1/2 years was sentenced Monday to eight years in prison for stealing state secrets, in a case that underscored how the Chinese government will use the legal system to protect the business...
EU reveals backup plan for troubled banks (Reuters) (Jul-5, 15:47 EDT )-- Reuters - European Union countries that discover problem banks when they stress-test their lenders could turn to an existing EU state back-up scheme, the bloc's economy chief said on Monday.
Obama to stump for Carnahan in Missouri (AP) (Jul-5, 15:18 EDT )-- AP - President Barack Obama will mix campaigning with a discussion on the economy during a trip to Missouri this week.
Komorowski wins Polish election with reforms in focus (Reuters) (Jul-5, 14:53 EDT )-- Reuters - Prime Minister Donald Tusk's candidate won Poland's presidential poll but the narrowness of the victory cast doubt on the government's ability to carry out unpopular reforms ahead of a 2011 parliamentary election.
Companies reluctant to raise cash: RBC world survey (Reuters) (Jul-5, 13:39 EDT )-- Reuters - Senior executives from around the world are holding off on major fund-raising plans as they wait for global economies to stabilize further, a study by the Economist Intelligence Unit for Royal Bank of Canada shows.
EU's Rehn backs full bank stress tests transparency (Reuters) (Jul-5, 13:05 EDT )-- Reuters - Results of the stress tests imposed on European Union banks should be completely transparent to help boost confidence in the bloc's economy, the EU's monetary affairs chief said on Monday.
Greek finance minister confident on deficit targets (Reuters) (Jul-5, 11:23 EDT )-- Reuters - Greece is confident it will meet its target to cut the budget deficit by 40 percent to 8.1 percent of economic output this year but risks remain on revenue growth targets, its Finance Minister said on Monday.
China sentences American geologist to 8 years in prison for stealing state secrets (Jul-5, 08:51 EDT )-- SHANGHAI -- An American geologist jailed for the past 2 1/2 years was sentenced Monday to eight years in prison for stealing state secrets, in a case that underscored how the Chinese government will use the legal system to protect the business...
Komorowski wins Polish election, but reforms await (Reuters) (Jul-5, 08:49 EDT )-- Reuters - Prime Minister Donald Tusk's candidate won Poland's presidential poll but the narrowness of the victory cast doubt on the government's ability to carry out unpopular reforms ahead of a 2011 parliamentary election.
World Cup fever fuels German growth hopes (Reuters) (Jul-5, 07:33 EDT )-- Reuters - Germany's strong run in the World Cup may be the catalyst for a growth spurt by Europe's largest economy, as consumers riding the "feelgood factor" of national success dip in to their savings and start spending again.
Shanghai composite index hits 15-month low (AFP) (Jul-5, 06:28 EDT )-- AFP - Asia-Pacific stock markets were mixed on Monday with caution prevailing during the US holiday against a background of continued global economic worries, while Shanghai hit a 15-month low.
Eurozone retail sales up 0.2 percent in May (AP) (Jul-5, 04:58 EDT )-- AP - Retail sales in the 16-nation eurozone rose by 0.2 percent in May from the previous month and by 0.4 percent across the 27 European Union nations, the statistics agency Eurostat reported Monday.
UK survey indicates recovery is slowing down (AP) (Jul-5, 04:57 EDT )-- AP - A snapshot of Britain's services sector released Monday suggested that the recovery is slowing down, though not enough to drive the country back into recession.
As Turkey looks to West, trial highlights lagging press freedom (Jul-4, 23:00 EDT )-- ISTANBUL -- For a country that is trying to demonstrate its reliability as a partner of the West, Turkey faces an awkward moment next week: An Istanbul judge is set to weigh the legality of enormous tax-related fines imposed on a media firm whose...
Near-collisions on rise in Washington area's skies amid influx of inexperienced controllers (Jul-4, 23:00 EDT )-- A 120-seat United Airlines plane bound for Reagan National Airport from Chicago narrowly avoided colliding with a business jet departing from Dulles last Monday, the latest of 22 recent potentially dangerous mistakes by air traffic controllers who...
(Jul-4, 23:00 EDT )-- LIZANN PROSSER President and chief executive of Crown Agents USA, an international development company based in the District.
Firm to deploy 15,0000 electric-car chargers in 13 cities, including District (Jul-4, 23:00 EDT )-- Dave and Barbara Goldstein are in the market for a new car. Like a growing number of drivers, the Gaithersburg pair are considering the crop of electric vehicles, particularly the Nissan Leaf and Chevrolet Volt. Business - Electric vehicle -...
LeBron James' departure could mean trouble for Cleveland's economy (Jul-4, 23:00 EDT )-- CLEVELAND -- Before LeBron James, there were thousands of empty seats for most Cleveland Cavaliers games, and downtown was silent after dark. With him, every game is a sellout, and nearby bars and restaurants bustle. LeBron James - Cleveland...
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Neil's Must Reads (Jul-4, 23:00 EDT )-- Economics blogger Scott Sumner critiques the tendency of Paul Krugman and others on the left to rely on bond market data as evidence that there is no need to cut the budget deficit in the near future. Economic - Social Sciences - United States ...
Appointments (Jul-4, 23:00 EDT )-- TechNet of the District named Betsy Mullins senior vice president for policy and political affairs and Dan Turrentine vice president for emerging technologies and special initiatives. Employment - Business and Economy - Renaissance Learning -...
China curbs off-balance sheet trust lending: sources (Reuters) (Jul-4, 22:28 EDT )-- Reuters - China's banking regulator has ordered trust companies to halt the launch of wealth-management products via banks, three sources familiar with the matter told Reuters on Monday.
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