Oil platform on fire in Gulf of Mexico
An oil platform in the Gulf of Mexico caught fire this morning, causing 13 crew members to abandon the structure, which is still burning, according to the U.S. Coast Guard.
HP Jacks Up 3PAR Offer, Beats Dell
Hewlett-Packard has offered to buy 3PAR for $33 per share, topping Dell's offer of $32. The new offer values 3Par at $2.07 billion.
Petrobas, Brazil govt. ink controversial deal
A deal with the government worth more than $42 billion will let Petrobas acquire five billion barrels of deep water crude reserves.
ECB keeps record low rates, ups GDP forecast
The European Central Bank (ECB) held interest rates at a record low of 1.
Chinese bestseller slams Goldman Sachs
As if it wasn't enough to be reviled in the U.S. for the 2008 financial crisis, Goldman Sachs Group Inc. is being attacked by a bestselling author in China.
Pending home sales unexpectedly rebound in July
Sales rose 5.2 percent from the previous month after previous monthly declines and dismal housing data last week.
Sweden again hikes interest rate amidst export-led recovery
Sweden’s central bank raised its benchmark lending rate by 25 basis points to 0.75 percent, on the heels of another rate hike in July.
Swiss economy grew better than expected in Q2
The country's GDP expanded by 0.9 percent from the first quarter – slightly above the 0.8 percent gain forecast by economists.
