Nigeria Lands $1.1B In Low-Interest Loan From China, As China Seeks Closer Ties To Africa’s Largest Oil Exporter
Chinese companies already have $1.7 billion in Nigerian road contracts and are boosting oil imports from the West African country.
Bank Holding Companies Shoveled Billions Of Dollars At Shareholders And For Stock Repurchasing Right Up To The Start Of Their Taxpayer-Funded Bailouts And Guarantees
Dividends and stock repurchasing programs continued well into the banking crisis in 2007, the N.Y. Fed found.
US Wholesalers Saw Emptier Shelves In May, Suggesting Increased Factory Output In Q3
May wholesale stock declined 0.5 percent from April, the steepest drop in 20 months.
Egypt Authorities Order Arrest Of Mohamed Badie And Other Muslim Brotherhood Leaders On Charges Of Inciting Violence During Monday’s Clashes In Cairo
Prosecutors want Egypt’s Muslim Brotherhood leaders in custody, but they could be holed up amid throngs of Morsi supporters.
European Commission Outlines Proposal For How To Wind Down Europe’s Troubled Banks In The Future
However, the EC’s proposal to establish a single authority for EU banks is opposed by Germany.
JPMorgan Admits Mistakes Were Made In Some Of Its Lawsuits Against Credit Card Customers Amid ‘Robo-Signing’ Accusations: WSJ
The bank reviewed 1,000 of its lawsuits against credit card defaulters and found 9 percent of them contained mistakes.
Apple, Walmart Take The Lead In Pushing Back-To-School Promos To Early July
We’ve seen it with Christmas and Halloween retail promotions, so why not for back-to-school, too?
Mexico Forecasts Record Foreign Direct Investment For 2013: $35B To $40B, Way Up From 2012
Mexico’s Finance Secretariat says the country attracted 40% of last year’s FDI in the first quarter of 2013 alone.
China Lands Its First High-Profile Corruption Conviction Since Xi Jinping Ascended To Power: Former Rail Minister Liu Zhijun Gets Deferred Death Penalty, Prison Sentence
Liu Zhijun has been found guilty of accepting millions of yuan to help cronies win contracts, get promotions.
About 40 People Still Missing From Saturday’s Fiery Rail Accident In Lac-Megantic, Quebec
Police say dozens of people in Quebec's small lakeside community are still missing after Saturday's massive rail accident.
Investment Advisory Firm ISS Reportedly Backs Michael Dell’s And Silver Lake’s $24.4B Leveraged Buyout Offer For Dell Inc.
The proxy advisory firm is reportedly in support of a deal offering $13.56 a share for Dell, valuing the computer-maker at $24.4B.
Top Japanese Automakers Toyota, Honda And Nissan Sold 2.4 Million Vehicles In The US In First Half Of 2013; Toyota and Honda Both Up 6.4% While Nissan Jumped Over 9% [CORRECTION]
Toyota sold 1.1 million units in the first six months, while Honda topped 745,000.
Volkswagen June 2013 US Sales: Down 3.2%; Only Beetle, Passat And Jetta Saw Sales Rise From Last Year; Minis Hit By US Competition
The German automaker missed industry estimates by well over 10,000 units as Americans flocked to Detroit offerings.
First Half 2013 Detroit Three US Auto Sales: Ford Up 13.9%; GM Up 8%; Chrysler Up 4%; Total US Sales For US Automakers Touches 3.27M
General Motors sold 1.42 million vehicles while Ford hit 1.26 million. First half sales increase averaged 8.3%, led by Ford.
General Motors June 2013 US Sales: Up 6 Percent, Boosted By A Jump In Sales Of Compact Sedans; Chevy Cruze Sales Leaped 73%; Best Monthly Sales Since September 2008
GM said it sold 1.42 million cars in the U.S. in the first six months of 2013 as demand for two pickups was robust.
Ford June 2013 US Sales: Up 13%, Boosted By A Jump In Sales Of Smaller Sedans, Fiesta, Focus and C-MAX; Best June For Overall Sales Since 2006
Ford has been on a winning streak this year. Fiesta sales have doubled since June 2012.
Chrysler June 2013 US Sales: Sales Rise 8%; Best June Since 2007; Jeep Grand Cherokee Sales Up 33%
Sales declined as expected from a robust May, but the last month of the first half of this year still was Chrysler's best in six years.
As Maersk Line’s Triple E, The World’s Largest Cargo Ship, Preps For Maiden Voyage, Many Ports Can’t Handle It
Maersk's new big daddy of the seas can carry more containers than some major ports can handle.
New York City Scrapping Nearly A Fourth Of Its Hybrid Bus Engines For 100% Diesel Bus Engines
New York City hasn't bought a hybrid-engine bus in three years. Now it's scaling back the number they have.
Manufacturing Did Not Contract In Spain For The First Time Since April 2011; Euro Zone Unemployment At Record High; Inflation Ticks Up
European data released Monday show Spain manufacturing flat but not shrinking, while the euro-zone jobless rift is widening.
‘Not Unusual For Lots Of Nations,’ Says US Secretary Of State Kerry About Allegations The US Bugged European Embassies, EU Offices
U.S. Secretary of State John Kerry stopped short of confirming the accusations, saying he needs to know more before elaborating.
June 2013 US Auto Sales Forecast: Overall Unit Sales Will Decline From May, But Expect The Best June Since 2007; Ford Up By As Much As 14.8%; GM Reels In Incentives, But Still Spends The Most
Improvements in consumer confidence and housing figures may have pushed June’s U.S. auto sales numbers to pre-recession levels.
US VP Biden Had ‘Cordial’ Talk With Ecuador President Correa: Is Ecuador Cooling To Idea Of Granting Accused Spy Snowden Asylum?
U.S. Vice President Joe Biden calls on Ecuador President Rafael Correa, urging him not to grant asylum to Edward Snowden.
Western U.S. Cooks Under Triple-Digit Temperatures; Death Valley Could Touch 130, Coming Close To Its World-Record High A Century Ago
From baking Bisbee, Ariz., to the crowded beaches of Southern California, the American Southwest is cooking this weekend.
Obama Meets Nelson Mandela Family; Police Fire Rubber Bullets At Protestors Amid President’s Town Hall Visit With University Students
Obama pays a visit to the Mandelas after a town hall with South African youths that was met with protests.
California Appeals Court Officially Invalidates Proposition 8 Banning Gay Marriage; Hours Later Kristen Perry Marries Sandra Stier In San Francisco While Paul Katami Marries Jeff Zarrillo In Los Angeles
Two days after the U.S. Supreme Court ruling killing Proposition 8, a wave of same-sex marriages has begun in California.
Andrew Driscoll Pochter Of Maryland Killed Amid Egypt Rioting; Obama, In South Africa, Says Cairo’s U.S. Embassy Braced For Weekend Demonstrations
Worsening clashes between supporters and foes of Egypt’s Muslim Brotherhood claimed their first American victim. He was 21.
China Says Some Of Its Banks Violated Lending Rules, Doling Out $4.6B In Loans, Says Another $2.9B Was ‘Embezzled’ By Clients
The Chinese government is trying to slow down lending due to fears it’s causing major asset bubbles.
Field For Bernanke’s Successor To Head The US Fed Is Wide Open, With No Front-runner Yet In Sight, Report Says
The White House is looking for the next U.S. Federal Reserve chairman, and the field is wide open right now.
Bangladesh Calls U.S. Move To Punish It For String Of Fatal Textile Factory Mishaps A ‘Setback’
Bangladesh’s Foreign Affairs Ministry replied to the White House's suspension of the country’s special trade status (which doesn’t affect textiles).
