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EU, IMF, US mull €250 billion credit line for Spain: report

The European Union, the IMF and the U.S. Treasury are drawing up a liquidity plan for Spain which includes a credit line of up to 250 billion euros ($335 billion), newspaper El Economista reported on Wednesday, citing sources which it said were close to the issuing entity.

Mexico peso slips from 3-wk high on US retail data

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Mexico's peso slipped from a three-week high on Friday after an unexpected drop in May U.S. retail sales dented the outlook for Mexican exports. The peso MXN=MEX01 lost 0.36 percent to 12.7309 per U.S. dollar.
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Jobless aid set to expire as US House votes on bill

The House of Representatives on Friday was to vote on a reduced package of safety-net spending and tax measures that would raise taxes on fund managers, but it likely was too late to avoid disrupting jobless benefits for hundreds of thousands of Americans.
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Gulf Spill Puts US Energy Bill on Slippery Slope

With energy, Senate Democrats find themselves between a rock and two hard places. Nonetheless, Sen. John Kerry, D-Mass., and Sen. Joe Lieberman, I-Conn., have introduced their climate and energy bill. Its timing is awful. Its fate is uncertain. Yet its sponsors felt it had to be done now.
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US may lose top wheat exporter rank after 65 yrs

World's largest wheat exporter, the US is likely to lose its position to Black Sea states, warned US Department of Agriculture. According to a report from the USDA, Black Sea states of Kazakhstan, Russia and Ukraine look set to raise wheat exports by one half to more than 50m tonnes by the end of the decade, overtaking US for the first time since second World War.
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Google gets US antitrust OK on AdMob buy

U.S. antitrust regulators gave Google Inc approval to buy mobile advertising rival AdMob, after months of delay and rumor that Google was headed for a court fight with government officials over the $750 million transaction.
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US 30-yr mortgage rates drop in latest week-Zillow

Interest rates on 30-year fixed-rate mortgages dropped in the latest week, according to real estate website Zillow.com on Tuesday, a move that bodes well for the hard-hit housing market as it copes with the absence of government support.
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Shock and awe euro rescue lifts global markets

A $1 trillion emergency package to stabilize the euro zone unleashed a spectacular rally in world stocks on Monday but the euro wiped out initial gains as worries about the region's debt problems persisted.
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U.S.'s LaHood: time will tell if Toyota has changed

U.S. Transport Secretary Ray LaHood said he was encouraged by the steps Toyota Motor Corp has put in place to improve vehicle safety, but stressed he will be convinced only when its cars actually become safer.
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US gold down but above lows on safe-haven bids

U.S. gold futures dropped to a one-week low on Wednesday as investors opted for cash to cover equities losses, but the risk of contagion spreading in the euro zone beyond Greece provided support to prices, traders said.
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Gulf of Mexico oil spill largest in US history

The massive oil spill in the Gulf of Mexico, leaking from a ruptured well moved closer to the mouth of the Mississippi River. Analysts said the oil spill that threatened to eclipse even the Exxon Valdez disaster spread out of control with a faint sheen washing ashore along the Gulf Coast.
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Oil rises towards $86 in Asian trade

Global oil prices extended gains in Asian trade Friday mainly on encouraging reports of resurgence in global economy. Light sweet crude for June delivery was seen trading at $85.61 a barrel at 11.30 a.m Singapore time while Brent crude was at $87.12 a barrel at the same time in London.
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US may rake in army to tackle oil leak crisis

The US National Oceanic and Atmospheric Administration has today declared that the oil spill in the Gulf of Mexico is heavily leaking crude oil roughly 5000 feet below the surface. The agency maintained that the oil is leaking at the rate of 5000 barrels per day and not 1000 bpd as had been estimated earlier. Speaking to media, Rear Admiral Mary E Landry of the Coast Guard informed that the new estimate came from observations made in flights over the slick, studying the trajectory of the spill a...
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Five Charming US Cities

Quick. Name five of the busiest tourist towns in the US. Got it? Now, try to imagine how those cities looked years ago, before the influx of tacky souvenir shops and overcrowded buses, when mom and pop stores still adorned the main streets and where a familiar face greeted you at every corner.
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UAL, US Airways losses shrink on better demand

United Airlines and US Airways Group reported smaller quarterly losses that topped Wall Street estimates on Tuesday, signaling a recovery for an industry that endured sagging demand in the recent recession.
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US Airways pulls out of merger talks with UAL

US Airways Group Inc said on Thursday it has dropped out of merger discussions with United Airlines parent UAL Corp, a decision that changes the dynamic of similar talks between UAL and Continental Airlines Inc.
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US Air out of merger talks, Southwest posts profit

US Airways Group Inc said on Thursday it had dropped out of merger discussions with United Airlines parent UAL Corp, immediately raising the stakes for similar talks involving United and Continental Airlines Inc.

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