AP – Spain’s deficit is down sharply thanks to an unpopular cocktail of tax hikes and austerity cuts — good news for a government fighting to ward off fears it might need a bailout like the one that saved Greece from bankruptcy.
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Spain halves deficit with painful austerity cuts
(AP)
Reuters – Genzyme Corp Chief Executive Henri Termeer said he is willing to sell the company he built up over 25 years, but not for $69 a share.
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Genzyme CEO open to sale, not at $69 a share
(Reuters)
Britain’s economy is still struggling to pull out of the doldrums. There’s on-going concern about inflation, and the new government is set to embark on the biggest round of spending cuts in a generation. But one area of the economy that remains resilient — and has throughout the recession — is Scotch whisky.
Britain’s economy is still struggling to pull out of the doldrums. There’s on-going concern about inflation, and the new government is set to embark on the biggest round of spending cuts in a generation. But one area of the economy that remains resilient — and has throughout the recession — is Scotch whisky.
In another blow to U.S. efforts to fight corruption in Afghanistan, one of the country’s most senior prosecutors says he was forced into early retirement by President Hamid Karzai. The prosecutor maintains that members of the Karzai government are blocking corruption investigations involving high-ranking officials. Host Liane Hansen talks to NPR’s Soraya Sarhaddi Nelson in Kabul.
AP – SLIGHT DECLINE: Real estate data provider CoreLogic says the number of U.S. homes with mortgages that exceed what the properties are worth fell slightly between the second quarter and the first three months of this year. It’s the second consecutive quarterly decline.
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Summary Box: Underwater mortgages in US fell in 2Q
(AP)
AP – Heineken NV, the world’s third-largest brewer, said Wednesday its first-half net profit rose by 42 percent thanks to one-time financial gains, cost cutting and positive currency effects.
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Heineken H1 profit rises on one-time gains
(AP)
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