Monthly Archives: August 2011

PHOENIX – A former City Council member and a political consultant are leading five rivals in the race to become Phoenix’s next mayor, apparently setting up a run-off election in a contest that has seen candidates pledge to prioritize job … Continue reading →

PARIS – Europe’s largest retailer Carrefour SA Wednesday posted an unexpected net loss in the first half and abandoned its growth target for the year amid the economic slowdown. The French retailer reported a net loss of euro249 million ($359 … Continue reading →

WASHINGTON – President Barack Obama says his administration is considering seven new government regulations that would cost the economy more than $1 billion each a year, a tally Republicans will pounce on to argue that Congress needs the power to … Continue reading →

MOSCOW (Reuters) – Bailiffs raided BP’s Moscow offices on Wednesday, a new humiliation for the British oil company a day after ExxonMobil signed an agreement that ended BP’s hopes of developing Arctic offshore oil fields with Russia. The bailiffs gave … Continue reading →

CHICAGO (Reuters) – Small U.S. businesses in July moderated what had been a blistering pace of borrowing, held back by uncertainty over U.S. economic growth and the debt crisis. The Thomson Reuters/PayNet Small Business Lending Index, which measures the overall … Continue reading →

TOKYO (Reuters) – Japan’s Sony Corp, Toshiba Corp and Hitachi Ltd will merge their liquid-crystal display operations using $2.6 billion of government-backed funds to fend off growing competition from rivals in South Korea and Taiwan. The merger will create the … Continue reading →