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Construction begins on Sentinel natgas plant in California

Competitive Power Ventures Inc (CPV), GE Energy Financial Services and Diamond Generating Corp (DGC) began construction at their co-owned, 800-megawatt gas-fired CPV Sentinel Energy Center in Riverside County, California, the companies said in a release on Thursday.
Goldman Sachs

Goldman Sachs rates desk hemorrhages traders

More than a dozen traders have quit Goldman Sachs Group Inc's (GS.N) North American government bonds and derivatives trading desk in New York in recent months as the bank takes fewer risks and big bonuses for ambitious traders dry up.
  Nintendo Post Poor Quarterly Financial Performance: Analysts Question Veteran Games Makers Future

Nintendo Suffers Stock Plunge, Profits Lowest in 27 Years

The shares of Japanese videogame maker Nintendo fall by a massive margin of 20 percent after poor sales results of its new 3D capable games device forced the company to cut the price of the product and its annual profit target.
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James Murdoch confirmed as BSkyB chairman

James Murdoch was unanimously confirmed as chairman by BSkyB's board, winning a reprieve from a phone-hacking scandal that threatens to draw him into multiple investigations, two sources briefed on the board meeting told Reuters.
Runaway Millionaire on Trial

Steven Heavey to Leave St. George

St. George head of intermediary distribution Steven Heavey has announced his resignation, only days after his involvement in the launch of Westpac's re-organised Bank of Melbourne brand in Victoria.

Attorneys Resist Loughner's Forced Medication

Attorneys are again challenging a court order that came last week that would allow for the forced medication of Jared Lee Loughner as he awaits trial for a shooting rampage that left a congresswoman with brain damage, and six dead.
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Community Health profit tops forecasts, stock up

Community Health Systems Inc (CYH.N), the second-largest U.S. hospital operator, beat analysts' second-quarter earnings expectations on higher operating revenue, sending its shares up more than 6 percent in after-hours trading.
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Fortune tenders for $1 bln in debt

Fortune Brands Inc (FO.N) announced a tender offer on Thursday for up to $1 billion of debt using funds from the company's planned sale of its Acushnet golf business.
Display of Colgate toothpaste is seen on store shelf in Westminster

Latin America helps Colgate, Avon during U.S. slump

Big gains in Latin America covered up U.S. declines at Colgate-Palmolive Co (CL.N) and Avon Products Inc (AVP.N), with the world's largest direct seller of cosmetics seen as having a harder road to recovery.
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Muni issuers put on notice that fate tied to U.S.

Scores of issuers in the U.S. municipal bond market, including cities, counties and school districts, were put on notice on Thursday by Moody's Investors Service that their top ratings could be cut if the United States' Aaa rating falls.
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China pork buying talk lifts hogs

U.S. hog futures advanced on Thursday on renewed talk China may be seeking more U.S. pork, record high wholesale pork prices and higher live cash hog markets in the U.S. Midwest.
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CME tax situation 'untenable,' may exit state-CEO

CME Group Inc (CME.O) is evaluating whether to move some operations to other states from Chicago to reduce its taxes, but it has not decided on an exact timeline, CEO Craig Donohue said Thursday.

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