White House: Need More Growth to Spur Hiring
A top White House official acknowledged faster expansion was needed to stoke more hiring and help boost the economy.
Mexico's Femsa 2nd-Quarter Profit Soars on Strong Sales
Mexican beverages and retail company Femsa (FMX, FEMSA.MX) reported higher revenue and net profit in the second quarter as sales increased across its businesses.
Dow Powers Back to 13K Mark
The Dow posted a triple-digit rally for the second day in a row, briefly hitting the psychologically-important 13000 mark for the first time since May.
MARKET COMMENT: Paris Stocks Close Sharply Higher
1603 GMT [Dow Jones] CAC-40 ends 2.3% higher 3280.19 as investors are reassured following comments by Hollande and Merkel, who pledge to protect the euro zone, says a Paris-based trader.
IMF Warns on Spain Deficit
The Spanish government could lose market access if it fails to rein in its budget deficit and capital outflows from the euro-zone's fourth-largest economy continue, the International Monetary Fund said Friday in a new report on Spain.
WSJ: CNN Worldwide President Walton to Step Down at Year's End
Jim Walton, the president of CNN Worldwide, has announced that he will step down at the end of the year, CNN announced Friday.
Brazil Minister to Meet With GM to Discuss Job Cuts
Brazil Finance Minister Guido Mantega will meet next week with representatives of General Motors Co. (GM, GMM.U.T) and Anfavea, Brazil's automaker association, to discuss possible layoffs that would violate an agreement made in exchange for tax cuts.
Dutch Regulator Investigates Possible Libor Fixing
The Dutch central bank said Friday that it is investigating the possible manipulation of a key interbank lending rate, in the latest example of how the unfolding rate-fixing scandal is hitting the banking industry.
Royal Dutch Shell Buys Back 725,513 Shares
Royal Dutch Shell (RDSB.LN) PLC said Friday that it purchased 725,513 shares at a price of 2206.73 pence per share for cancellation.
Brazil OSX Expects to Sign Petrobras Floating-Platform Deal Next Week
Brazilian shipbuilder and oil-field services company OSX Brasil S.A. (OSXB3.BR), part of Brazilian businessman Eike Batista's industrial empire, expects to sign a contract next week with federal company Petroleo Brasileiro (PBR, PETR4.BR), or Petrobras, to finish work on two floating platforms.