Automakers set to announce June car sales

Several automakers will announce results for sales in June on Wednesday. Ford will hold a conference call to stream live on the Internet at 1 p.m. EST. General Motors will hold a conference call at 2 p.m. EST. Pipas said Monday the industry as a whole is improving and the annualized sales rate could hit 10 million in June sales as fewer jobless claims and improved consumer confidence could boost sales. Annualized sales were 9.9 million in May, several surveys noted, according to Bloomberg.

Windows 7 Beta set to begin auto-rebooting

Microsoft's Windows 7 Beta will start to spontaneously reboot every two hours beginning on Wednesday, the company has warned users.

Energy Sec. Chu in N. Dakota to make announcement on stimulus package

U.S. Energy Secretary Steven Chu will attend an event joined by Senators Byron Dorgan and Kent Conrad in North Dakota, at Bismarck State College, where he is expected to make an announcement about regarding the economic stimulus package.

General Mills to release 4Q results after dividend boost

General Mills will release its fourth quarter earnings at 8:00 a.m.. The packaged food on Monday announced it will raise its quarterly dividend 9.3 percent even as other companies have been cutting payments.

Sixty-two companies in the Standard & Poor's 500 Index announced cuts totaling $46.2 billion in 2009 as of May 15, according to analyst Howard Silverblatt, a senior analyst at S&P, according to Bloomberg. The figure was more than the full year record cut of $40.6 billion in 2008, he said.

Bank of America completes Countrywide Financial purchase

Bank of America Corp. will complete its purchase of Countrywide Financial Corp, giving Countrywide customers access to a wider variety of financial services provided by Bank of America.

NASA plans to launch Endeavour today

NASA is planning to launch space shuttle Endeavour today on a construction mission to the International Space Station. The U.S. space agency postponed Endeavour's launch on Saturday due to a potentially dangerous hydrogen leak. Repairs were expected to take four days.

Weekly Petroleum status report

The U.S. Energy Information Administration will release its weekly Petroleum status report at 10:30 a.m. and its This Week in Petroleum report by 1:00 p.m.

Africa Energy Forum

The Africa Energy Forum takes place from 30th June – 2nd July, 2009 in Bordeaux, France.

New Nevada sales tax rate hike

Starting July 1, consumers face slightly higher sales taxes, businesses' annual fees will double and larger employers will shoulder higher payroll taxes when key elements of the 2009 Legislature's patchwork plan to raise $781 million in taxes take effect July 1. Sales tax goes up to 8.1 percent from 7.75 percent.

Federal student loans rate change

July 1 marks the date when the loans rate and conditions will change each year, for this year it will be reviewed again.

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