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Citigroup to pay $75 million to settle SEC charges (Reuters)

July 30, 2010

Reuters - Citigroup Inc will pay $75 million to settle charges that it failed to disclose subprime exposure to investors in 2007, the U.S. Securities and Exchange Commission said on Thursday.

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Merck profit beats Wall Street view (Reuters)

Reuters - Merck & Co reported higher-than-expected second-quarter earnings on Friday, helped by strong sales of its treatments for diabetes, arthritis and HIV.


Chevron 2Q income triples on higher energy prices (AP)

AP - Chevron Corp. said Friday its second-quarter earnings tripled on higher fuel prices and better refining margins.


European shares rise on strong earnings (AFP)

AFP - Europe's leading stock markets advanced on Thursday, shaking off falls in Tokyo, as dealers reacted to a barrage of earnings from blue-chip companies, including strong numbers from telecoms.


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Honda posts record Q1 and Renault returns to H1 profit (Reuters)

Reuters - Honda Motor Co (7267.T) raised its full-year forecasts after posting a record quarterly net profit on Friday, while brisk sales returned France's Renault to profit in the first half.


Delta reports $256 million 1Q loss, sees 2Q profit (AP)

AP - Heavy winter storms hurt Delta Air Lines Inc.'s results as the world's largest carrier reported Tuesday that it lost $256 million in the first quarter.


Oil hovers below $74 as traders eye dollar, stocks (AP)

AP - Oil prices hovered near a six-week low below $74 a barrel Friday in Asia amid a strengthening U.S. dollar and a pullback in global stock markets.