UPDATE 1-US Senate clears way for housing rescue vote Wed.
The Senate agreed to limit debate on Monday sending the measure toward a final vote planned for Wednesday. If the bill is ratified, it needs to be reconciled with a similar measure passed by the U....
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Anheuser raises red flag over InBev
"This won't win Anheuser-Busch's case in defending against the deal, but it's another obstacle to toss out there for InBev to jump over and keep InBev distracted."
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UPDATE 1-Pittsburgh Steelers in ownership talks - website
NEW YORK, July 7 (Reuters) - Pittsburgh Steelers Chairman Dan Rooney and his son, Steelers President Art Rooney II, are arranging a financing plan to buy Dan Rooney's brothers' shares in the Americ...
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Impact of rescue legislation for U.S. housing
WASHINGTON (Reuters) - This week the U.S. Senate is expected to pass legislation to create a $300 billion government fund that would guarantee failing mortgages before they hit foreclosure.
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UPDATE 2-Mexico quickens pace of gasoline price rises
MEXICO CITY, July 7 (Reuters) - Mexico's government is quickening the pace of gasoline price increases, fanning jitters over inflation, as the rising cost of subsidizing imported fuel weighs on gov...
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Goodrich Petroleum begins offering of 3M shares
All Associated Press news HOUSTON (AP) - Oil and natural gas company Goodrich Petroleum Corp. said Monday it began an underwritten public offering of 3 million shares.The stock offer includes an overa...
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EU lawmakers dilute core parts of telecom overhaul
BRUSSELS, July 7 (Reuters) - European Union lawmakers voted on Monday to water down plans from the bloc's executive to overhaul EU telecom rules, but kept a key provision to split operators into bu...
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  • Delta, Northwest merger provides 'financial stability'

    Fitch Ratings . The financial ratings agency also believes that the merger, and possibly others, is needed for the continued financial stability of the airline industry after years of financial loss...

  • Crude unit shut at Sun

    Research ) shut down a crude unit at the Girard Point section of its 335,000 barrel per day Philadelphia oil refinery due to a snag, trade sources said on Friday.