Clunker trade-ins to boost July U.S. auto sales

The punishing four-year decline in U.S. auto sales may have reached a turning point this week -- just as Michael Papa handed over the keys to his 1996 Ford Explorer for a government-sponsored trade-in. See Full Article here.

Loews posts lower-than-expected Q2 profit

Conglomerate Loews Corp on Monday reported a lower-than-expected second-quarter profit, hurt mainly by higher investment losses. The New York-based company, run by the billionaire Tisch family, posted earnings from continuing operations of $341 million, or 78 cents a share, compared with a profit of $511 million, or $1.00 a share, in the same period a year ago. See Full article here.

Germany upbeat on prospects for Opel talks this week

The German government has seen encouraging signals in recent days in negotiations to take over Opel and has positive expectations for talks this week, a government spokesman said on Monday. See Full article here.

Germany