- Stocks rise on recovery hopes but concerns linger
- Stocks rise worldwide on some profits, recovery hopes
- U.S. jobless number up, but moving average down
- Companies cut costs to keep earnings afloat
- Some European companies see no sign of recovery
Reuters 31 July 2009
- British Airways has reported a pre-tax loss of £148m ($245m) in the three months to the end of June.
- Royal Dutch Shell and Exxon Mobil have both reported a big fall in quarterly profits, due to the sharp decline in oil prices since mid-2008.
- The government's plans for reforming the regulation of banks are "largely cosmetic" and "lack clarity", MPs in the Treasury Select Committee say.
Warm and sunny at 30 degrees here in Malta,
England toil on the first day of the 3rd test after rain delays the start of play.
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