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Friday, July 30, 2010 9:46 AM

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Yahoo! News: Business News
Imports slow second-quarter growth (Reuters)
7/30/2010 9:32:12 AM
Reuters - Economic growth slowed in the second quarter as a capital investment drive by businesses sucked in imports at the fastest pace since the first quarter of 1984.
Wall Street opens down after GDP (Reuters)
7/30/2010 9:40:31 AM

A trader works on the floor of the New York Stock Exchange July 28, 2010. REUTERS/Brendan McDermidReuters - Stocks opened lower on Friday after data showed U.S. economic growth slowed more than expected in the second quarter, underscoring worries about the recovery.


Chevron earnings triple (Reuters)
7/30/2010 9:24:11 AM
Reuters - Chevron Corp , the second-largest U.S. oil company, reported a three-fold jump in quarterly profit on rising oil output, higher energy prices and buoyant margins at its refineries, topping Wall Street forecasts.
Merck profit beats Wall Street view (Reuters)
7/30/2010 7:34:14 AM

A view of the Merck & Co. campus in Linden, New Jersey, March 9, 2009.REUTERS/Jeff ZelevanskyReuters - Merck & Co reported higher-than-expected second-quarter earnings on Friday, helped by strong sales of its treatments for diabetes, arthritis and HIV.


China overtakes Japan as No.2 economy: FX chief (Reuters)
7/30/2010 9:40:36 AM
Reuters - China has overtaken Japan to become the world's second-largest economy, the fruit of three decades of rapid growth that has lifted hundreds of millions of people out of poverty.
Cisco briefly halted after circuit breaker (Reuters)
7/29/2010 12:42:07 PM
Reuters - Trading in Cisco Systems Inc shares was briefly halted on Thursday after triggering a circuit breaker.
IMF backs more stimulus to help slow US recovery (AFP)
7/30/2010 12:48:33 AM

A man checks employment notices at a Department of Labor employment center in New York. US President Barack Obama has clashed with Republicans over the need for government to step in to help the ailing economy, making spending one of the toughest fought political battles in the US capital.(AFP/Getty Images/File/Spencer Platt)AFP - The International Monetary Fund on Friday said more stimulus spending might be needed to aid a slow US economic recovery, wading into a toughly-fought political debate in Washington.


Summary Box: Arch reverses 2Q loss, ups outlook (AP)
7/30/2010 9:39:10 AM
AP - THE COMPANY: St. Louis-based Arch Coal Inc., one of the world's biggest coal producers, fuels about 8 percent of all U.S. electrical generation.
Italy seeks private sponsors to restore Colosseum (AP)
7/29/2010 10:59:57 AM
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)
7/29/2010 11:45:28 PM

New York Attorney General Andrew Cuomo attends a news conference in New York, June 30, 2010. Cuomo and the New York City Police Department (NYPD) announced the dismantling of a sophisticated international luxury-vehicle theft ring that is believed to have stolen hundreds of vehicles in New York, New Jersey and Connecticut, which were often shipped to Senegal, according to an NYPD press release. Cuomo is the Democratic Party nominee for Governor of New York.  REUTERS/Mike Segar   (UNITED STATES - Tags: POLITICS CRIME LAW TRANSPORT)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.






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