U.S. jobs, services data raise recovery worries

U.S. private employers cut more jobs than expected last month and the vast services sector contracted again, stoking concern about the strength of a U.S. recovery, data showed on Wednesday. See full article.

Mortgage demand boosted by refinancing as rates drop

Demand for U.S. home loans rose last week as a decline in 30-year fixed mortgage rates to a three-week low boosted applications for refinancing, the Mortgage Bankers Association said on Wednesday. See full article.

Treasury wants to stay out of credit ratings

The Obama administration is resisting calls to help ensure that credit ratings are reliable, saying this would force investors to rely even more on the ratings. See full article.

Government queries Goldman about compensation

The U.S. government has queried Goldman Sachs Group Inc about its compensation practices and credit derivative instruments, the firm said on Wednesday. See full article.

AIG shares jump ahead of quarterly report, new CEO

The shares of battered insurer AIG rose strongly on Wednesday ahead of the release of second quarter earnings, which are expected to stabilize for the first time in five quarters. See full article.

In France, 92 percent of residents use a mobile: report See full article.

GM opposition to Magna waning, say German politicians
General Motors and Magna have narrowed their differences in talks over the Canadian supplier's bid for Opel and only a small number of issues are still pending, German politicians said on Wednesday. See full article.

Procter & Gamble profit falls

Procter & Gamble Co posted an 18 percent drop in quarterly profit, as sales fell across all of its businesses, but stood by its profit forecast as the pressure of foreign currency fluctuations eases. See full article.

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