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Summary Box: Motorola 2Q results show improvement (AP)

AP - TURNING THE CORNER: Motorola Inc. appears to have hit bottom — its second-quarter revenue was down just 1.5 percent from a year ago, and it expects to post a year-over-year revenue increase in the third quarter.

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Summary Box: Motorola 2Q results show improvement
(AP)

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Feds OK project to drill under, not on, wild areas (AP)

AP - An energy company received federal approval Thursday to open one of Utah’s biggest natural gas fields by agreeing to use new technology to drill under wild areas, instead of on top of them.

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Feds OK project to drill under, not on, wild areas
(AP)

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Stronger sales, weaker euro good news for VW (AFP)

AFP - Volkswagen, Europe’s biggest automaker, benefited from strong sales and favourable exchange rates as it posted Thursday a second quarter profit more than four times the previous year’s figure.

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Stronger sales, weaker euro good news for VW
(AFP)

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China allows release of critical IMF report (AFP)

AFP - China allowed an IMF report critical of its currency policy to be released Thursday for the first time in four years, signaling Beijing’s increasing confidence that it can control the international debate on the yuan.

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China allows release of critical IMF report
(AFP)

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Mortgage rates hit low of 4.54 percent (AP)

AP - Mortgage rates dropped to the lowest level on record for the fifth time in six weeks, making homebuying and refinancing the most attractive in decades for those who can get loans.

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Mortgage rates hit low of 4.54 percent
(AP)

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US jobless claims fall unexpectedly (AFP)

AFP - New claims for US unemployment benefits fell unexpectedly last week to 457,000, down 2.4 percent from the previous week, the Labor Department said.

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US jobless claims fall unexpectedly
(AFP)

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US Senate clears hurdle to extend jobless help (AFP)

AFP - The US Senate voted Tuesday to advance legislation restoring unemployment benefits to help some 2.5 million Americans ahead of November mid-term elections shaped by deep voter anger at high joblessness.

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US Senate clears hurdle to extend jobless help
(AFP)

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Congo: UN says at least 220 dead in oil explosion (AP)

AP - A tanker truck hauling fuel on a rural eastern Congo highway overturned, gushing oil and exploding in a massive fireball that killed about 220 bystanders, including many who had been watching the World Cup in flimsy roadside shacks, officials and witnesses said Saturday.

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Congo: UN says at least 220 dead in oil explosion
(AP)

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Talks resume but progress slow in LA port strike (AP)

AP - Talks have resumed between striking clerical workers and shipping companies at the ports of Los Angeles and Long Beach, but one side says results have been slow in coming.

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Talks resume but progress slow in LA port strike
(AP)

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June auto sales stall amid fears recovery is sputtering (AFP)

AFP - US auto sales stalled in June amid fears that the fragile economic recovery is sputtering, industry data showed Thursday.

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June auto sales stall amid fears recovery is sputtering
(AFP)

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