Oil prices fell to near $72 a barrel Monday in Asia as China’s stock market tumbled and commodities investors questioned whether the U.S. economy can recover strongly in the second half. Benchmark crude for October delivery was down 41 cents to $72.34 a…

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Asia – Price of petroleum – Oil Prices – Business – Energy

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Oil near $72 as stocks sink, recovery questioned

Asian markets headed lower Monday, with Chinese shares tumbling over 5 percent and Japanese stocks fluctuating after the country’s opposition party came to power in a landslide victory. Shanghai’s market was hit with another bout of heavy selling, reflecting…

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China – Asia – Business and Economy – East Asia – Society and Culture

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Asian markets fall as China shares sink over 5 pct

China’s main share benchmark sank 5.4 percent in early trading Monday on heavy selling of market heavyweights triggered by renewed worries over a potential tightening of liquidity. The benchmark Shanghai Composite Index fell 153.73 points by midday to…

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China – Asia – SSE Composite Index – Shanghai – Business and Economy

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Chinese shares sink 5.4 pct on liquidity worries

HONG KONG (Reuters) – Chinese stocks tumbled 5 percent to a three-month low on Monday, weighing on Asian stocks and sapping investor willingness to put money at risk, while the yen rose sharply after Japanese voters swept the opposition into power.

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China stocks tumble; yen jumps after Japan vote

WASHINGTON (Reuters) – The U.S. economy does not need a second fiscal stimulus package, instead the government should cut spending over the next two years, according to a survey of business economists released on Monday.

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No need for second U.S. fiscal stimulus package: survey

(Reuters) – Bankrupt U.S. media group Tribune Co could emerge from bankruptcy in the autumn without a major overhaul of its present top management, the New York Times said, citing people briefed on the restructuring plans.

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Tribune may exit bankruptcy this fall: report

LONDON (Reuters) – The Federal Reserve has made $14 billion in profits on loans made in the last two years, The Financial Times reported on Monday, citing officials close to the matter.

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Federal Reserve made $14 billion on turmoil loans: report

A predicted avalanche of commercial property loan defaults in the Bay Area and elsewhere looms large as mounting delinquent mortgages follow news in July that several San Francisco building owners relinquished properties after failing to make loan payments….

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San Francisco – Commercial property – Real estate – United States – California

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Commercial mortgage defaults in Bay Area rising

Economists are pleased with the Federal Reserve’s policy on interest rates but skeptical of the government’s ability to rein in spending, curb greenhouse gases or overhaul health care, a new survey finds. The latest semiannual survey by the National…

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Federal Reserve System – Interest rate – Economic – Health care – FederalReserve

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Survey finds support for Fed, jitters on spending

Struggling with an economy that has gouged gambling profits and cut casino companies’ ability to borrow, MGM Mirage hopes to keep expanding its international hotel and casino empire and fattening its profit _ but have other companies foot the bill. Under 10…

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Gambling – Casino – Games – United States – Online casino

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MGM Mirage takes brands to abroad as franchisor

Filling up at a gas station before the game, Ryan Aloi was booed. Getting food, he was jeered. From there, the razzing only got worse for the 32-year-old fan. The taunts weren’t personal, just directed at his Chicago Bears Jay Cutler jersey. Wearing Cutler…

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Chicago Bears – Jay Cutler – NFL – Football – Invesco Field at Mile High

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Cutler jeered in his return to Invesco Field

The U.S. government has hauled in about $4 billion in profits from large banks that have repaid their obligations from last year’s federal bailout, The New York Times reported Sunday. Last September, Federal Reserve Chairman Ben Bernanke and then-Treasury…

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BenBernanke – Federal Reserve System – Federal Reserve Chairman – United States – US

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Report: US makes $4 billion from bailout banks

PHILADELPHIA (Reuters) – German airline Lufthansa plans to seek regulatory approval to form a “code-share” agreement with JetBlue Airways , The Financial Times reported on Sunday.

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Lufthansa, JetBlue to seek code sharing pact: report

LONDON (Reuters) – The Federal Reserve has made $14 billion in profits on loans made in the last two years, The Financial Times reported on Monday, citing officials close to the matter.

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Federal Reserve made $14 bln on turmoil loans: report

Authorities say an unknown number of homes and businesses have been destroyed in a fast-moving fire in the Sierra foothills town of Auburn. Dena Erwin, a spokeswoman for the Placer County Sheriff’s Department, said hundreds of people have been told to…

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Sheriff – Auburn University – Law – Law Enforcement – Placer County California

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Fast-moving fire destroys homes in Placer County