Senator Edward Kennedy dies at age 77
U.S. Senator Edward Kennedy, a towering figure in the Democratic Party who took the helm of one of America's most fabled political families after two older brothers were assassinated, died at age 77, his family said. Read Full Article here.
G20 need exit strategy, stimulus to stay now: UK source
G20 countries should ensure they have plans to withdraw the huge stimuli put into their economies but are clear the fiscal and monetary boosts remain in place for now, a UK government source told Reuters on Wednesday. Read Full Article here.
Toyota to cut capacity amid sales slump
Toyota Motor Corp <7203.T>, the world's largest automaker, said it would halt a production line in Japan as it looks to cut excess capacity to return to profitability amid an industrywide sales slump. Read Full Article here.
Germany seen warming to RHJ as Opel buyer: paper
The German government might drop its opposition to Belgian-based financial investor RHJ International as a buyer for General Motors' European unit Opel, Bild newspaper reported on Thursday. Read Full Article here.
Colonial BancGroup files Chapter 11
Colonial BancGroup Inc filed for Chapter 11 bankruptcy protection on Tuesday, 11 days after regulators seized its banking operations and sold most of those assets to BB&T Corp. Read Full Article here.
U.S. Postal Service seeks 30,000 job cuts via buyouts
The U.S. Postal Service, the nation's second-largest employer, offered buyouts on Tuesday to quickly slash up to 30,000 jobs as it grapples with declining mail volume and embraces more automation. Read Full Article here.
Japan exports dip, stimulus effect may be waning
Japan's exports slipped in July as annual drops in exports to the United States and China accelerated, in a sign that the impact of stimulus measures in major economies worldwide may be starting to wane. Read Full Article here.