Copyright (c) 2009 Yahoo! Inc. All rights reserved. http://news.yahoo.com/i/1885 business Business en-us Fri, 03 Jul 2009 21:29:07 GMT 5 142 18 http://news.yahoo.com/i/1885 http://l.yimg.com/a/i/us/nws/th/main_142b.gif http://us.rd.yahoo.com/dailynews/rss/business/*http://news.yahoo.com/s/nm/20090703/bs_nm/us_madoff_kohn nm/20090703/us_madoff_kohn Reuters business Fri, 03 Jul 2009 17:17:20 GMT Reuters - Austrian fund manager Sonja Kohn did not receive any kickbacks from Bernard Madoff to steer Bank Medici customer funds to the swindler's investment business, a Medici lawyer said on Friday. http://us.rd.yahoo.com/dailynews/rss/business/*http://news.yahoo.com/s/nm/20090703/bs_nm/us_teckresources nm/20090703/us_teckresources Reuters business Fri, 03 Jul 2009 21:29:07 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/business/*http://news.yahoo.com/s/nm/20090703/bs_nm/us_teckresources"><img src="http://d.yimg.com/a/p/rids/20090703/i/r142936003.jpg?x=130&y=97&q=85&sig=905P_jWyL.qam9aaH05MAg--" align="left" height="97" width="130" alt="Teck Resources President and Chief Executive Officer Donald Lindsay speaks to shareholders during the annual general meeting in Vancouver British Columbia April 26, 2006. REUTERS/Lyle Stafford" border="0" /></a>Reuters - Teck Resources (TCKb.TO) said on Friday it will sell a 17.2 percent equity stake to state-owned China Investment Corp in a deal that will help the Canadian miner pay down its debt while expanding China's portfolio of commodity investments.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/business/*http://news.yahoo.com/s/nm/20090703/bs_nm/us_teckresources"><img src="http://d.yimg.com/a/p/rids/20090703/i/r142936003.jpg?x=130&y=97&q=85&sig=905P_jWyL.qam9aaH05MAg--" align="left" height="97" width="130" alt="photo" title="Teck Resources President and Chief Executive Officer Donald Lindsay speaks to shareholders during the annual general meeting in Vancouver British Columbia April 26, 2006. REUTERS/Lyle Stafford" border="0"/></a></p><br clear="all"/> (Reuters) http://us.rd.yahoo.com/dailynews/rss/business/*http://news.yahoo.com/s/nm/20090702/bs_nm/us_column_stocks_outlook nm/20090702/us_column_stocks_outlook Reuters business Thu, 02 Jul 2009 23:02:48 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/business/*http://news.yahoo.com/s/nm/20090702/bs_nm/us_column_stocks_outlook"><img src="http://d.yimg.com/a/p/rids/20090702/i/r114819959.jpg?x=130&y=87&q=85&sig=dgLVA14Bmy_q4jBiKtCzIg--" align="left" height="87" width="130" alt="A trader works the floor of the New York Stock Exchange June 23, 2009. REUTERS/Eric Thayer" border="0" /></a>Reuters - With Wall Street stuck in a range since May, the start of second-quarter earnings season next week could prove to be a decisive factor for determining how much faith investors should have in an economic recovery.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/business/*http://news.yahoo.com/s/nm/20090702/bs_nm/us_column_stocks_outlook"><img src="http://d.yimg.com/a/p/rids/20090702/i/r114819959.jpg?x=130&y=87&q=85&sig=dgLVA14Bmy_q4jBiKtCzIg--" align="left" height="87" width="130" alt="photo" title="A trader works the floor of the New York Stock Exchange June 23, 2009. REUTERS/Eric Thayer" border="0"/></a></p><br clear="all"/> (Reuters) http://us.rd.yahoo.com/dailynews/rss/business/*http://news.yahoo.com/s/nm/20090703/bs_nm/us_stanford_willis nm/20090703/us_stanford_willis Reuters business Fri, 03 Jul 2009 20:48:47 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/business/*http://news.yahoo.com/s/nm/20090703/bs_nm/us_stanford_willis"><img src="http://d.yimg.com/a/p/rids/20090703/i/r3504848635.jpg?x=81&y=130&q=85&sig=JtqxA_ONvybROKkwsA5S7Q--" align="left" height="130" width="81" alt="Texas billionaire Allen Stanford gives members of the media a thumbs up as he leaves the Bob Casey Federal courthouse in the custody of U.S. Marshals in Houston June 29, 2009. REUTERS/ Steve Campbell" border="0" /></a>Reuters - Several Mexican clients of Stanford Financial Group have sued insurance broker Willis Group Holdings Ltd , contending it was a willing participant in a $7 billion fraud at the Texas-based investment company.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/business/*http://news.yahoo.com/s/nm/20090703/bs_nm/us_stanford_willis"><img src="http://d.yimg.com/a/p/rids/20090703/i/r3504848635.jpg?x=81&y=130&q=85&sig=JtqxA_ONvybROKkwsA5S7Q--" align="left" height="130" width="81" alt="photo" title="Texas billionaire Allen Stanford gives members of the media a thumbs up as he leaves the Bob Casey Federal courthouse in the custody of U.S. Marshals in Houston June 29, 2009. REUTERS/ Steve Campbell" border="0"/></a></p><br clear="all"/> (Reuters) http://us.rd.yahoo.com/dailynews/rss/business/*http://news.yahoo.com/s/nm/20090703/bs_nm/us_g8_summit_currency nm/20090703/us_g8_summit_currency Reuters business Fri, 03 Jul 2009 18:13:35 GMT Reuters - The dollar's status as the top global reserve currency is unlikely to be mentioned explicitly in the final communique at next week's Group of Eight summit, a European G8 source involved in preparations for the meeting said on Friday. http://us.rd.yahoo.com/dailynews/rss/business/*http://news.yahoo.com/s/nm/20090702/bs_nm/us_column_stocks_outlook nm/20090702/us_column_stocks_outlook Reuters business Thu, 02 Jul 2009 23:02:48 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/business/*http://news.yahoo.com/s/nm/20090702/bs_nm/us_column_stocks_outlook"><img src="http://d.yimg.com/a/p/rids/20090702/i/r114819959.jpg?x=130&y=87&q=85&sig=dgLVA14Bmy_q4jBiKtCzIg--" align="left" height="87" width="130" alt="A trader works the floor of the New York Stock Exchange June 23, 2009. REUTERS/Eric Thayer" border="0" /></a>Reuters - With Wall Street stuck in a range since May, the start of second-quarter earnings season next week could prove to be a decisive factor for determining how much faith investors should have in an economic recovery.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/business/*http://news.yahoo.com/s/nm/20090702/bs_nm/us_column_stocks_outlook"><img src="http://d.yimg.com/a/p/rids/20090702/i/r114819959.jpg?x=130&y=87&q=85&sig=dgLVA14Bmy_q4jBiKtCzIg--" align="left" height="87" width="130" alt="photo" title="A trader works the floor of the New York Stock Exchange June 23, 2009. REUTERS/Eric Thayer" border="0"/></a></p><br clear="all"/> (Reuters) http://us.rd.yahoo.com/dailynews/rss/business/*http://news.yahoo.com/s/nm/20090701/bs_nm/us_financial_housing nm/20090701/us_financial_housing Reuters business Wed, 01 Jul 2009 21:57:34 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/business/*http://news.yahoo.com/s/nm/20090701/bs_nm/us_financial_housing"><img src="http://d.yimg.com/a/p/rids/20090701/i/r1082864800.jpg?x=130&y=89&q=85&sig=71taunt5Wh8xuOmFM5AJOw--" align="left" height="89" width="130" alt="The headquarters of mortgage lender Fannie Mae is shown in Washington September 8, 2008. REUTERS/Jason Reed" border="0" /></a>Reuters - The Obama administration on Wednesday expanded its foreclosure prevention efforts to help a greater number of underwater homeowners refinance their mortgages.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/business/*http://news.yahoo.com/s/nm/20090701/bs_nm/us_financial_housing"><img src="http://d.yimg.com/a/p/rids/20090701/i/r1082864800.jpg?x=130&y=89&q=85&sig=71taunt5Wh8xuOmFM5AJOw--" align="left" height="89" width="130" alt="photo" title="The headquarters of mortgage lender Fannie Mae is shown in Washington September 8, 2008. REUTERS/Jason Reed" border="0"/></a></p><br clear="all"/> (Reuters) http://us.rd.yahoo.com/dailynews/rss/business/*http://news.yahoo.com/s/ap/20090701/ap_on_bi_ge/us_aig_asset_sale ap/20090701/us_aig_asset_sale AP business Wed, 01 Jul 2009 21:10:28 GMT AP - American International Group Inc. on Wednesday said it agreed to sell all of its ownership interests in its consumer finance operations in Colombia, the latest in a recent string of asset sales by the embattled insurer to bolster its finances. http://us.rd.yahoo.com/dailynews/rss/business/*http://news.yahoo.com/s/afp/20090703/bs_afp/forexeurope afp/20090703/forexeurope AFP business Fri, 03 Jul 2009 16:38:21 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/business/*http://news.yahoo.com/s/afp/20090703/bs_afp/forexeurope"><img src="http://d.yimg.com/a/p/afp/20090703/capt.photo_1246620851742-1-0.jpg?x=130&y=78&q=85&sig=3cKDYY_EK.zAh9nqzDYIeA--" align="left" height="78" width="130" alt="The dollar climbed against the euro Friday after eurozone retail figures slipped back into a rut and as fresh worries about the health of the US economy supported the "safe-haven" greenback.(AFP/File/Bertrand Langlois)" border="0" /></a>AFP - The dollar climbed against the euro Friday after eurozone retail figures slipped back into a rut and as fresh worries about the health of the US economy supported the "safe-haven" greenback.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/business/*http://news.yahoo.com/s/afp/20090703/bs_afp/forexeurope"><img src="http://d.yimg.com/a/p/afp/20090703/capt.photo_1246620851742-1-0.jpg?x=130&y=78&q=85&sig=3cKDYY_EK.zAh9nqzDYIeA--" align="left" height="78" width="130" alt="photo" title="The dollar climbed against the euro Friday after eurozone retail figures slipped back into a rut and as fresh worries about the health of the US economy supported the "safe-haven" greenback.(AFP/File/Bertrand Langlois)" border="0"/></a></p><br clear="all"/> (AFP)