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 Friday, July 30, 2010 
 
    
 
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Wall Street pares losses, recovery stays anemic (Reuters)

A trader works on the floor of the New York Stock Exchange July 28, 2010. REUTERS/Brendan McDermidReuters - Stocks eased slightly on Friday, but for the second day in a row major indexes bounced off session lows, this time on a positive report on Midwest manufacturing activity.




Imports slow second-quarter growth (Reuters)
Reuters - Economic growth slowed in the second quarter as companies invested heavily in equipment from abroad and the pace of consumer spending eased, raising concerns about the recovery in the rest of 2010.

Cuomo widens insurer probe with 6 more subpoenas (Reuters)
Reuters - New York Attorney General Andrew Cuomo has subpoenaed six additional insurers as the state widens a probe into possible fraud in the life insurance industry.

Goldman employees still enamored with firm and CEO (Reuters)
Reuters - Goldman Sachs Group Inc is the bank many Americans love to hate, but one group just plain loves it: its employees.

Chevron earnings triple (Reuters)
Reuters - Chevron Corp, the second-largest U.S. oil company, posted three-fold profit growth that beat estimates as refinery margins improved, and raised its 2010 oil and gas production growth target to 3 percent.

A look at global economic developments (AP)
AP - A look at economic developments and activity in major stock markets around the world Thursday:

China overtakes Japan as No.2 economy: FX chief (Reuters)
Reuters - China has overtaken Japan to become the world's second-largest economy, the fruit of three decades of rapid growth that has lifted hundreds of millions of people out of poverty.

Quest Software shares jump after solid 2Q results (AP)
AP - Shares of Quest Software Inc. got a boost Friday after the business software maker posted better-than-expected second-quarter results.

No end for Greek fuel protest, tourism slammed (AP)

Protesting truck drivers hold a Greek flag as they protest in central Athens on Friday, July 30, 2010. Defying an emergency government order, Greek truck drivers vowed Friday to press ahead with a protest that has halted fuel supplies across the country and is hurting tourism at peak season.The protesters rejected a compromise offer by the government to offset the financial impact of liberalizing their closed-shop profession.(AP Photo/Petros Giannakouris)AP - Defying an emergency government order, Greek truck drivers vowed Friday to press ahead with a strike that has halted fuel supplies across the country and is hurting tourism during the peak summer season.




Reverse Mortgages Aren't Catching On (U.S. News & World Report)
U.S. News & World Report - The reverse mortgage industry, hammered for high fees and high pressure sales tactics, has steadily improved its procedures and its image. Loan fees and interest rates have been lowered, consumer disclosure has improved, and the federal government's insured reverse mortgage program has provided stability and credibility to the industry. A-list lenders have expanded their presence in the market; Wells Fargo and Bank America are the nation's top two reverse mortgage lenders.

Arch Coal 2Q profit surges on global sales (AP)
AP - Arch Coal Inc. said Friday it reversed losses from a year ago during the second quarter, handily beating Wall Street's expectations on the strength of global markets and a nearly 40 percent jump in sales.

Out-of-stock Kindle may mean new version coming (Reuters)
Reuters - Amazon.com said its best-selling Kindle device was currently out of stock, leading one Internet analyst to surmise the online retailer was poised to launch a new version.

Glimcher offering raises $96M after costs (AP)
AP - Real estate investment trust Glimcher Realty Trust said Friday a recently completed public offering of 16.1 million common shares generated about $96 million, after commissions, discounts and expenses.

Company says Michigan river oil spill contained (AP)

Oil sheen is shown in the Kalamazoo River in Battle Creek, Mich., from a ruptured pipeline, owned by Enbridge Inc., Thursday, July 29, 2010. (AP Photo/Paul Sancya)AP - A Canadian company that owns the pipeline that leaked oil into Michigan's Kalamazoo River says the oil has been contained.




Kerry says he mishandled furor over yacht taxes (AP)

'Isabel,' the 76-foot yacht owned by Democratic Sen. John Kerry of Massachusetts, is undergoing repairs at the Hinckley shipyard in Portsmouth, R.I., Friday, July 23, 2010. Kerry is docking his family's new $7 million yacht in neighboring Newport, R.I., allowing him to avoid paying roughly $500,000 in taxes to the cash-strapped Bay State. (AP Photo/Stew Milne)AP - Sen. John Kerry said he always intended to pay taxes in Massachusetts on his $7 million yacht but conceded he mishandled the public furor over his decision to dock the vessel in tax-free Rhode Island.




Chrysler to add 900 jobs to midsize-car plant (AP)

President Barack Obama examines the car door during his tour of the Jefferson North Chrysler Plant in Detroit, Friday, July 30, 2010, where the Jeep Grand Cherokee is assembled. (AP Photo/Pablo Martinez Monsivais)AP - Chrysler Group LLC said Friday that it will add nearly 900 jobs at a factory in suburban Detroit and spare it from a planned closure. The decision is a show of optimism that consumers will embrace the company's refurbished midsize sedans.




The Rebirth of Prague's Vltava River (BusinessWeek)
BusinessWeek - When Petr Vojak was deciding where to settle down with his family last year, his aim was clear. He wanted somewhere peaceful yet central. Eventually, they decided on a new flat in a northern district along the Vltava river, which flows through Prague.

 
 
 
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Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer . Opinions expressed at FXPaper.com are those of the individual authors and do not necessarily represent the opinion of FXPaper.com or its management.

Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. 
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