State tax revenues rose 9 percent in the second quarter from a year before, according to the latest State Revenue Report from the Nelson A. Rockefeller Institute of Government.» Read More
Banks cut 5,500 branches across the European Union last year, 2.5 percent of the total, leaving the region with 20,000 fewer outlets than it had when the financial industry was plunged into crisis in 2008.
SEOUL, Aug 11- South Korea has warned of serious power shortages this week amid an expected rise in summer temperatures and as the resources-starved country struggles to keep up with demand after six nuclear plants have gone off-line.
LONDON, Aug 11- Banks cut 5,500 branches across the European Union last year, 2.5 percent of the total, leaving the region with 20,000 fewer outlets than it had when the financial industry was plunged into crisis in 2008.. Last year's cuts come after 7,200 branches were axed in 2011, according to data analysed by Reuters from European Central Bank statistics.
MADERUELO, Spain, Aug 11- A queue of pensioners waits to board a brown and green bus in the medieval village of Maderuelo on Spain's arid central plains. This is the front-line reality of banking cuts across Europe, where lenders from Italy to France to Bulgaria, brought low by economic turmoil, are slashing costs and services.
*BoE's guidance plan to bring back focus on UK data. *Volatility to rise before and around UK jobs data. LONDON, Aug 11- Recent forecast-busting UK economic numbers have had a muted impact on the currency and bond markets, but that is likely to change now the Bank of England has tied its "forward guidance" on interest rates to unemployment.
*Some businesses thrive despite economy's problems. *Access to credit and foreign currency dries up. CAIRO, Aug 11- Egypt's smaller companies have struggled since the uprising that pushed aside Hosni Mubarak in 2011. But in a few corners of the economy, businesses are doing just fine.
HELSINKI, Aug 11- After decades of pursuing trade with western Europe, Finland is becoming dependent on Russia again as that country's burgeoning middle class and wealthy investors provide opportunities for growth lacking in recession-hit Europe.
WELLINGTON, Aug 11- New Zealand- based dairy giant Fonterra Co-operative Ltd said on Sunday it had withdrawn milk powder under orders from the Sri Lankan authorities for showing traces of the toxic agricultural chemical dicyandiamide, although it disputed the accuracy of the testing.
SYDNEY, Aug 11- Australia's Prime Minister Kevin Rudd is battling not only jaded voters in a bitter election race, but the rancour of Rupert Murdoch, whose newspapers have depicted Rudd as everything from a Nazi colonel to a thief stealing the nation's savings.
NEW YORK/ TORONTO, Aug 10- A deal to take BlackBerry Ltd private could make sense from a financial standpoint, say private equity executives, though any such move won't by itself make the smartphone company more competitive.
NEW YORK, Aug 9- Bill Gross' Pimco Total Return Fund, the world's largest mutual fund, increased its exposure to U.S. government-related securities in July, data from the firm's website showed on Friday. The fund has roughly $262 billion in assets, according to Morningstar.
RIO DE JANEIRO, Aug 9- Brazil's state-controlled oil company Petroleo Brasileiro SA on Friday reported second-quarter profit of 6.20 billion reais, reversing a year-earlier loss after an accounting rule change allowed it to avoid $3.5 billion in non-cash, exchange-rate charges.
NEW YORK, Aug 9- U.S. authorities investigating the $6.2 billion "London Whale" trading losses at JPMorgan Chase& Co are considering making arrests, the latest twist in a case that created a scandal for the largest U.S. bank, according to two people familiar with the situation.
Aug 9- The public battle between J.C. Penney Co and leading shareholder Bill Ackman escalated Friday with the hedge fund manager demanding the ouster of the retailer's chairman as well as the interim CEO, while Starbucks CEO Howard Schultz joined the fray urging the billionaire's removal from the board.
NEW YORK, Aug 9- Wall Street's spotlight will fall on the consumer next week. Macy's is scheduled to report results on Wednesday, while Wal-Mart Stores Inc, the world's largest retailer, will release quarterly earnings on Thursday, along with upscale department store Nordstrom and discount retailer Kohl's.
*When tables were turned, U.S. stepped in for Apple. WASHINGTON, Aug 9- Some older Samsung Electronics Co. mobile devices face a sales and import ban in the United States after a U.S. trade panel ruled for Apple Inc. in a high-profile patent infringement case.
Bernard Madoff was in a "love triangle" involving one of five former employees who are about to go on trial for helping him run his multibillion-dollar Ponzi scheme, prosecutors said.
HOUSTON, Aug 9- Texas utility regulators approved a motion on Friday to allow Entergy Corp and ITC Holdings to withdraw a plan to transfer Entergy's electric transmission assets in Texas to ITC.
With enrollment set to begin on Oct. 1 for individuals who want to receive health insurance under the 2010 law, Obama used a White House press conference to counter a massive Republican campaign to discredit and destroy the new program, including a threat by some Congressional Republicans to insist on repeal as a condition of funding the government.
WASHINGTON, Aug 9- A U.S. trade panel on Friday ruled that South Korea's Samsung Electronics Co Ltd infringes on portions of two Apple Inc patents on digital mobile devices, a decision likely to inflame passions in the long-running dispute.