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GMX Resources Slips To Loss In Q2; Signs LOI With Kinder Morgan For Interest In Pipeline - Update
Oil and gas explorer GMX Resources Inc. (GMXR) late Monday reported a net loss for the second quarter compared to net income in the year-ago period, as a 2% increase in production was largely offset by lower crude oil and natural gas prices. The results for the latest quarter also include inventory writedowns and deferred income tax valuation allowance.
RTT News

UBS still losing client money, sees improvement
ZURICH (Reuters) - Swiss bank UBS posted another big loss in the second quarter as wealthy clients were scared off by a U.S. tax row, but said it hoped to start winning back trust now that a U.S. deal was in sight.
Reuters

Obama`s tax promise: Too tall an order
The middle class may have to pay more in taxes. That was the media's takeaway from comments made by Treasury Secretary Timothy Geithner over the weekend.
CNN

Federal Tax Revenue Plummeting
Recession Hits Government's Coffers Hardest Since 1932, Just as Leaders Plan Big-Ticket Reforms
CBS News

Analysis: Obama Struggling To Keep No-tax Pledge
Analysis: Obama's Options To Pay For health Overhaul Limited By Promise Of No Middle-class Tax
CBS News

FDIC Reminder on Second-Lien Woes - American Banker Online
Steve Fritts , the FDIC's associate director of supervision and consumer protection, said that encouraging refinancings was 'definitely part of it.''I think certainly our goal is to try to get the mor...
Big News Network

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