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Bleak Car Sales Hurts Industry
New car purchases are at the lowest levels in 10 years. Nearly all major carmakers reported steep sales declines for June. Derek Mattsson, head of Vehix.com, says consumers are still favoring cars like the Honda Civic at the expense of U.S. vehicles.
NPR

Bleak Car Sales Data Still Produce Winners
New car purchases are at the lowest levels in 10 years. Nearly all major carmakers reported steep sales declines for June. Derek Mattsson, head of Vehix.com, says consumers are still favoring cars like the Honda Civic at the expense of U.S. vehicles.
NPR

DAE Holding CEO retires, Interim Group CEO appointed
Dubai Aerospace Enterprise Holding (DAE), the global aerospace, manufacturing and services corporation, today announced the retirement of its Group chief executive Officer, Bob Johnson.
AME Info

How Lehman lost its way
To understand what went wrong at Lehman Brothers, leave the canyons of Wall Street and head to the flatlands of Bakersfield, 120 miles northeast of Los Angeles.
CNN

China leads global equity offerings
Stock exchanges in China and Hong Kong are set to host 86 more IPOs this year
FT.com

Bye-bye gas subsidies
For months we've been hearing how gasoline subsidies or price controls in places like China and India are artificially fueling demand there. Being that oil is a global market, rising demand overseas is one reason prices have risen here in the U.S.
CNN Money

Equifax Closes Russia Transaction (PR Newswire)
Equifax today confirmed it has completed its acquisition of a 28 percent equity stake in Global Payments Credit Services LLC , a leading credit information company in Russia. Equifax is acquiring its interest from Global Payments Europe, s.r.o., a subsidiary of Global Payments Inc. , and Home Credit & Finance Bank of Russia .
yahoo.com

Opec head sees new oil price rise
The president of oil producers' cartel Opec tells the BBC crude oil prices could rise still further this week.
BBC News

Volatile mkt may benefit NRIs
And as Indian stocks may get sucked in the global spiral of depression, the third option for some NRIs would be to buy right now, as the market seems to be heading to its bottom.
India Gazette

India regains trillion-dollar status
MUMBAI: A sharp rebound in the stock market on Wednesday pulled India back into the coveted trillion-dollar global club. The cumulative worth of all the listed companies in the country rose to $1.0...
India Gazette

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