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.
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 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.
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)
AP – Alcatel-Lucent SA says its net loss in the second quarter was a wider-than-expected euro184 million (US$240 million) but said it remains on track for a targeted improvement in profitability this year.
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Alcatel-Lucent posts 2nd quarter loss
(AP)
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)
Investor’s Business Daily – Tenneco , an auto parts maker, swung to a Q2 profit of 62 cents ex items, topping views by 18 cents. Revenue rose 36% to $1.5 bil, above views. Tenneco, which makes emission control products, shock absorbers and other components, climbed 7.6% to 25.97.
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Tenneco ,
(Investor’s Business Daily)
AP – RATES KEEP FALLING: Mortgage company Freddie Mac said the average rate for 30-year fixed loans this week was 4.54 percent, down from 4.56 last week.
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Summary Box: Mortgage rates hit low of 4.54 pct.
(AP)
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