AP – ICICI Bank, India’s largest private sector bank, said quarterly profit rose 17 percent as it cut costs and eliminated bad loans amid revived credit demand in India’s growing economy.
Original post:
ICICI Bank profit up 17 percent on better loans
(AP)
Reuters – BP Plc is seeking to sell its German petrol station chain Aral for around 2 billion euros ($2.6 billion), German magazine Wirtschaftswoche reported on Saturday, citing investment bankers familiar with BP’s plans.
Continued here:
BP may sell German gas stations for $2.6 billion
(Reuters)
Concerns about safety oversight prompted the move, the Federal Aviation Administration said. The action won’t stop flights between the two countries, but it will prevent Mexican airlines like AeroMexico and Mexicana from expanding service to the United States.
AP – Mexico’s aviation safety rating was downgraded Friday due to concerns about the country’s safety oversight, the Federal Aviation Administration said.
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FAA downgrades Mexico’s air safety rating
(AP)
AP – WHAT A MONTH: The Dow Jones industrial average and Standard & Poor’s had their best month since July 2009 and their first winning month since this past April. Strong earnings were behind the big gains.
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Stocks are mixed but had best month since July ’09
(AP)
The Christian Science Monitor – President Obama used a visit to Michigan Friday to argue the case that despite its unpopularity, his 2009 bailout of the Detroit auto industry has worked.
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Obama: Detroit auto bailout was unpopular, but it worked
(The Christian Science Monitor)
AP – Weakening U.S. economic growth and worried comments from Federal Reserve officials drove the dollar to an 8-month low Friday against the Japanese yen.
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Dollar sinks to 8-month low vs yen as growth slows
(AP)
AP – Digimarc Corp., which develops digital watermarking technology for images, reported a wider second-quarter loss on Friday as it booked development costs for joint venture investments with The Nielsen Co.
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Digimarc reports wider 2Q loss on joint venture
(AP)
Reuters – Goldman Sachs Group Inc is the bank many Americans love to hate, but one group just plain loves it: its employees.
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Goldman employees still enamored with firm and CEO
(Reuters)
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