year

Time to scrap BP brand? Gas-station owners divided (AP)

AP - BP gas station owners across the country are divided over whether the oil giant stained by its handling of the Gulf spill should rebrand U.S. outlets as Amoco or another name as part of efforts to repair the company’s badly damaged reputation.

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Time to scrap BP brand? Gas-station owners divided
(AP)

year

Fannie Mae portfolio grows, delinquencies decline (Reuters)

Reuters - Fannie Mae expanded its mortgage portfolio in June, while the rate of late payments on loans it guarantees fell in May to the lowest level this year, the largest U.S. home loan purchaser said on Friday.

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Fannie Mae portfolio grows, delinquencies decline
(Reuters)

year

BAT 1st half profit up 5 pct (AP)

AP - British American Tobacco PLC, the maker of Dunhill, Pall Mall and Lucky Strike cigarettes, said Wednesday that profits rose 5 percent in the first half of the year, helped by the acquisition of Bentoel in Indonesia.

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BAT 1st half profit up 5 pct
(AP)

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IMF: China currency undervalued but policy sound (AP)

AP - The International Monetary Fund said China’s yuan is undervalued in a mildly worded assessment Wednesday of its controversial currency controls and praised Beijing’s response to the global crisis.

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IMF: China currency undervalued but policy sound
(AP)

year

Comparing Nissan Leaf, Chevy Volt electric cars (AP)

AP - A comparison between the Chevrolet Volt and Nissan Leaf, two competing electric cars for the masses that will go on sale later this year:

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Comparing Nissan Leaf, Chevy Volt electric cars
(AP)

year

Daimler raises 2010 earnings target to 6bn euros (AFP)

AFP - A remarkable recovery by luxury car makers has led Germany’s Daimler to ramp up output and forecast huge profits this year, underscoring the country’s export prowess.

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Daimler raises 2010 earnings target to 6bn euros
(AFP)

year

Former Northern Rock executive fined, banned (AP)

AP - Britain’s financial regulator has banned the former finance director of mortgage lender Northern Rock — the country’s first major casualty of the global credit crunch — and fined him 320,000 pounds ($500,000) for misreporting figures on loan arrears.

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Former Northern Rock executive fined, banned
(AP)

year

U.S. trims ‘10 deficit forecast as economy faces headwinds (Reuters)

Reuters - The Obama administration warned on Friday the U.S. economy had encountered “strong headwinds” and the country’s fiscal challenge remained grim, but it lowered an estimate for the budget deficit this year.

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U.S. trims ‘10 deficit forecast as economy faces headwinds
(Reuters)

year

Gas line prospects may be unknown for months (AP)

AP - The federal coordinator for Alaska natural gas projects said Tuesday it could be be late this year, or early next, before Alaskans know whether they’re closer to securing a major natural gas pipeline.

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Gas line prospects may be unknown for months
(AP)

year

JPMorgan beats Street (Reuters)

Reuters - JPMorgan Chase & Co posted better-than-expected quarterly earnings on Thursday as it wrote off fewer bad loans in the second quarter, but executives warned they were uncertain about the economic outlook for the rest of the year.

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JPMorgan beats Street
(Reuters)

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