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2 hours ago

Oil prices slide as worries about global supply glut mount

The slump in oil prices deepened Monday, pulling down the price of U.S. crude to the lowest level in more than four months….

KDWN

2 hours ago

Pimco says SEC may take action against its total return fund

NEW YORK (AP) — Investment giant Pimco said Monday the Securities and Exchange Commission may take legal action against its total-return fund….

KDWN

2 hours ago

Rates rise at weekly US Treasury auction

WASHINGTON (AP) — Interest rates on short-term Treasury bills rose in Monday’s auction with rates on six-month bills climbing to the highest level in more than four years….

KDWN

2 hours ago

BMW Q2 earnings slip on China, costs for new models

FRANKFURT, Germany (AP) — German luxury automaker BMW saw net profit slip 1 percent in the second quarter amid higher launch costs for new vehicles and a tougher market in China, a major pillar of its profits….

KDWN

2 hours ago

UK state raises $3.3 billion from first sale of RBS stake

LONDON (AP) — The U.K. government said Tuesday it sold 5.4 percent of taxpayer-owned Royal Bank of Scotland for 2.1 billion pounds ($3.3 billion) as it begins to shed a majority stake acquired at the height of the financial crisis in 2008….

KDWN

1 hour ago

Rates rise at weekly US Treasury auction

WASHINGTON (AP) — Interest rates on short-term Treasury bills rose in Monday’s auction with rates on six-month bills climbing to the highest level in more than four years….

KDWN

1 hour ago

Oil prices slide as worries about global supply glut mount

The slump in oil prices deepened Monday, pulling down the price of U.S. crude to the lowest level in more than four months….

KDWN

1 hour ago

Pimco says SEC may take action against its total return fund

NEW YORK (AP) — Investment giant Pimco said Monday the Securities and Exchange Commission may take legal action against its total-return fund….

KDWN

1 hour ago

BMW Q2 earnings slip on China, costs for new models

FRANKFURT, Germany (AP) — German luxury automaker BMW saw net profit slip 1 percent in the second quarter amid higher launch costs for new vehicles and a tougher market in China, a major pillar of its profits….

KDWN

1 hour ago

Royal Bank of Scotland sale raises $3.3 billion

LONDON (AP) — The U.K. government said Tuesday it sold 5.4 percent of taxpayer-owned Royal Bank of Scotland for 2.1 billion pounds ($3.3 billion) as it begins to shed a stake acquired at the height of the financial crisis in 2008….