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Market hits ten-month high on back of hopes for recovery
SHARES in Britain's biggest companies headed north yesterday, propelling the london market to a ten-month high on growing hopes for an economic recovery.
Scotsman Tuesday, August 04, 2009

John Menzies adds 500 staff on sale of rival Dawson
LOGISTICS group John Menzies took 500 staff on to its payroll yesterday, after the news distribution business of rival Dawson was placed into administration and sold.
Scotsman Tuesday, August 04, 2009

Barclays chief defends bonuses while warning against banks crackdown
BARCLAYS warned yesterday that an over-zealous regulatory crackdown in the wake of the sector's near-collapse could "throttle" bank lending and economic recovery.
Scotsman Tuesday, August 04, 2009

Bank of America Pays SEC $33 Million to Settle Merrill Lynch Bonus Charges
Bank of america agreed to pay $33 million on Monday to settle federal charges that it hid from investors plans to pay billions of dollars in bonuses to employees of Merrill Lynch, the troubled investment bank it agreed to buy last fall.
Washington Post Tuesday, August 04, 2009

Nowhere to Go but Down
MIDDLEBURY, Ind. -- He sinks into the couch, foot jiggling, his gaze traveling from his wife to the television to the darkness outside, broken now and then by the distant glow of passing headlights.
Washington Post Tuesday, August 04, 2009

Asian stocks trim gains but recovery hopes remain
HONG KONG (Reuters) - Asian stocks hit an 11-month high on Tuesday before profit taking pulled them back, while the Australian dollar also pared gains after the country's central bank left interest rates unchanged but offered no clues on when tightening would begin.
Reuters Tuesday, August 04, 2009

Toyota sees smaller annual loss after beats forecast
TOKYO (Reuters) - Toyota Motor Corp reported its third straight quarterly loss, but beat expectations and said its annual loss would be smaller than earlier forecast, as deep cost reductions help make up for some of the slump in global vehicle sales.
Reuters Tuesday, August 04, 2009

Hotels & Lodging
As the recession continues, hotel industry operating metrics are showing no signs of improvement as both business and leisure travelers are cutting back. We would continue to avoid lodging companies such as Starwood and Marriott.
Zacks Tuesday, August 04, 2009

July U.S. retail sales lack back-to-school bounce
SAN FRANCISCO (Reuters) - U.S. retailers could post their 11th consecutive drop in monthly same-store sales this week as cool weather, a weak job market, and a lack of tax-free holidays had shoppers picking through the clearance racks in July instead of buying full-priced back-to-school clothes.
Reuters Tuesday, August 04, 2009

Australia holds four on suspected terror plot
Police have arrested four men linked to a Somali militant group in connection with allegedly planning a suicide attack with automatic weapons on an Australian military base
Financial Times Tuesday, August 04, 2009

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