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.
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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.
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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.
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 – 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)
The Open Notes project connects some 25,000 patients with their doctors’ medical notes through secure online portals. Participating doctors Tom Delbanco and Sara Fazio of Boston’s Beth Israel Deaconess Medical Center discuss the program, and why it has some doctors worried.
The fires have spread quickly across more than 200,000 acres in recent days after a record heat wave and severe drought. July has been the hottest month in Moscow in 130 years of recorded history.
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