Reuters – Economic growth slowed in the second quarter as a capital investment drive by businesses sucked in imports at the fastest pace since the first quarter of 1984.
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Imports slow second-quarter growth
(Reuters)
The U.S. Embassy said it was closing the consulate pending a security review, but did not elaborate. Ciudad Juarez, across the river from El Paso, Texas, is at the center of Mexico’s war on drug gangs.
AP – New York Attorney General Andrew M. Cuomo says his office has opened a “major fraud investigation” into the life insurance industry.
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NY AG announces probe of life insurance industry
(AP)
AP – Biotechnology company Amgen Inc. said Thursday that its second-quarter net income slipped 5 percent, mainly on higher taxes, but the results topped Wall Street expectations.
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Amgen 2Q net income slips on higher taxes
(AP)
Reuters – MetLife Inc , the biggest U.S. life insurance company, posted a second-quarter profit of $1.53 billion, helped by investment gains.
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MetLife posts Q2 earnings of $1.5 billion
(Reuters)
Reuters – Royal Dutch Shell Plc (RDSa.L) said second-quarter current cost of supply (CCS) net income jumped 94 percent to $4.53 billion thanks to a strong operating environment and a speedy restructuring of the group.
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Shell Q2 profits double as overhaul beats targets
(Reuters)
Reuters – The United States will suffer high unemployment for some time as it slowly recovers from the deep recession that ended in 2009, a former second in command at the Federal Reserve said on Wednesday.
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Jobless rate to stay high: former Fed No. 2
(Reuters)
Hugo Chavez is accusing the U.S. of planning to attack his country, using Colombia as its proxy. Nothing new, except for the timing: Colombian President Alvaro Uribe’s term ends in a few days, and some observers say Uribe is stirring the pot as a parting message not just to Chavez, but to his own successor.
The domestic plane carrying 152 passengers and crew slammed into the hills surrounding Pakistan’s capital Wednesday morning as it attempted to land amid poor weather conditions, officials said. Two American citizens were among the dead, according to the U.S. Embassy.
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