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Saturday, July 4

  • Swiss banks give U.S. clients the boot  (UPI / 12:14AM CDT on 07/04) GENEVA, Switzerland, July 4 (UPI) -- Many Swiss bank executives have decided clients from the United States are not worth problems with U.S. tax authorities, banking officials said.

    Friday, July 3

  • Real estate goes through roof in China  (UPI / 12:24PM CDT on 07/03) BEIJING, July 3 (UPI) -- Real estate prices in major cities in China have suddenly gone from bust to boom, a leading real estate expert said.
  • Justice Dept. probing corruption claim  (UPI / 12:05PM CDT on 07/03) FORT LAUDERDALE, Fla., July 3 (UPI) -- The U.S. Justice Department is investigating corruption claims made by an insurance executive in Fort Lauderdale, Fla., knowledgeable sources say.
  • Back to school budgets: A teaching moment  (UPI / 12:05PM CDT on 07/03) COLLEGE STATION, Texas, July 3 (UPI) -- Back to school shoppers are apt to be more discerning this year, as they stretch their dollars in the midst of a recession, a retail expert in Texas said.
  • Darling asks bankers to return to earth  (UPI / 11:34AM CDT on 07/03) LONDON, July 3 (UPI) -- Britain's Chancellor of the Exchequer Alistair Darling said some bankers have been "too complacent" about changing pay structures that encourage risk.
  • Bank fees rise, bailout notwithstanding  (UPI / 10:05AM CDT on 07/03) NEW YORK, July 3 (UPI) -- U.S. banks are increasing fees for a variety of transactions in spite of massive taxpayer bailouts, industry research groups said.
  • Michigan on path to lose 310,700 jobs  (UPI / 9:34AM CDT on 07/03) ANN ARBOR, Mich., July 3 (UPI) -- University of Michigan economists predict the state's labor market will lose 310,700 jobs in 2009, a sharp increase over a previous prediction.

    Thursday, July 2

  • China real estate prices soar again  (UPI / 11:54PM CDT on 07/02) BEIJING, July 3 (UPI) -- An indication Chinese real estate prices have resumed their stratospheric trend came this week when a piece of land in Beijing went for a record $585 million.
  • Crude oil prices fall Thursday  (UPI / 4:34PM CDT on 07/02) NEW YORK, July 2 (UPI) -- Crude oil prices fell sharply to under $67 per barrel on the New York Mercantile Exchange Thursday as increased unemployment rattled hope for a quick recovery.
  • Grain futures close lower Thursday  (UPI / 4:24PM CDT on 07/02) CHICAGO, July 2 (UPI) -- Grain futures closed lower Thursday on the Chicago Board of Trade as stocks plunged in New York in advance of the Independence Day break.
  • Tribune and Morning News reach ad deal  (UPI / 4:14PM CDT on 07/02) DALLAS, July 2 (UPI) -- The Dallas Morning News said it had reached a deal for Tribune Co. of Chicago to handle its national news ad sales.
  • Merrill Lynch senses an upturn  (UPI / 4:14PM CDT on 07/02) NEW YORK, July 2 (UPI) -- The head of New York investment firm Merrill Lynch's global wealth management said the company is ready to break out of the doldrums.
  • DOE to provide $59M in loan guarantees  (UPI / 3:54PM CDT on 07/02) WASHINGTON, July 2 (UPI) -- The U.S. Department of Energy said Thursday it would provide loan guarantees to Nordic Windpower USA and Beacon Power worth $59 million.
  • Beazer to pay $50M for mortgage fraud  (UPI / 2:44PM CDT on 07/02) CHARLOTTE, N.C., July 2 (UPI) -- U.S. home builder Beazer Homes USA agreed to pay $50 million to settle various mortgage fraud abuse charges, court records show.
  • Air France jet was intact before crash  (UPI / 10:54AM CDT on 07/02) LE BOURGET, France, July 2 (UPI) -- The Air France jet that crashed in the Atlantic Ocean was not destroyed in flight nor did it break up, the French air investigation agency said Thursday.
  • ECB keeps interest rates unchanged  (UPI / 9:44AM CDT on 07/02) FRANKFURT, Germany, July 2 (UPI) -- The European Central Bank left its key lending rate unchanged at 1 percent Thursday, a move anticipated by many economists.
  • GM Won't Get Federal Aid Extension  (AP / Patrice Hill, The Washington Times / 9:34AM CDT on 07/02) Jul. 2--The White House turned up the heat in the General Motors bankruptcy case Wednesday, saying the government will not provide further funds to support GM's reorganization beyond July 10.
  • U.S. unemployment hits 9.5 percent  (UPI / 8:44AM CDT on 07/02) WASHINGTON, July 2 (UPI) -- The U.S. Labor Department said unemployment climbed to 9.5 percent in June, an increase that was not as severe as economists predicted.
  • Fifth explosion hits Canadian pipeline  (UPI / 8:05AM CDT on 07/02) VANCOUVER, British Columbia, July 2 (UPI) -- A Canadian natural gas pipeline in northern British Columbia has been damaged by an explosion for the fifth time since October, officials said Thursday.
  • Drought plaguing Canadian prairie crops  (UPI / 7:14AM CDT on 07/02) REGINA, Saskatchewan, July 2 (UPI) -- A severe drought is bringing havoc to grain and livestock farmers in Canada's prairie provinces of Alberta and Saskatchewan.

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