Saturday, July 4
Swiss banks give U.S. clients the boot
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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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