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• Million BlackBerry users face hit after Gulf bans (Reuters)
• UK's Osborne urges banks to lend, restrain bonuses (Reuters)
• Eurazeo in exclusive B&B Hotels talks with Carlyle (Reuters)
• Citigroup to pay $75 million to settle SEC charges (Reuters)
• FAA downgrades Mexico's air safety rating (AP)
• Champagne corks popping again in luxury business (AFP)
• Soaring e-book sales speak volumes (AFP)
• Michigan voters search for economic savior (AP)
• Investigators blast BP for liberal dispersant use (AP)
• Debate on death and taxes heats up as billionaires fall (AFP)
• Fiat boss shakes up Italian labour (AFP)

Million BlackBerry users face hit after Gulf bans (Reuters) Posted: 01 Aug 2010 08:30 AM PDT Reuters - Over a million BlackBerry users face being cut off from key services in Saudi Arabia and the UAE after authorities stepped up demands on maker Research In Motion for access to encrypted messages sent on the smartphone.

UK's Osborne urges banks to lend, restrain bonuses (Reuters) Posted: 01 Aug 2010 05:29 AM PDT Reuters - British finance minister George Osborne urged the country's banks in a newspaper interview to use strong first-half profits to boost business lending rather than pay large bonuses.

Eurazeo in exclusive B&B Hotels talks with Carlyle (Reuters) Posted: 31 Jul 2010 06:38 AM PDT Reuters - French financial holding firm Eurazeo said on Saturday it is in exclusive talks to sell its B&B Hotels chain to U.S. private equity firm the Carlyle Group.

Citigroup to pay $75 million to settle SEC charges (Reuters) Posted: 29 Jul 2010 06:46 PM PDT 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.

FAA downgrades Mexico's air safety rating (AP) Posted: 30 Jul 2010 03:14 PM PDT AP - Mexico's aviation safety rating was downgraded Friday due to concerns about the country's safety oversight, the Federal Aviation Administration said.

Champagne corks popping again in luxury business (AFP) Posted: 31 Jul 2010 11:05 PM PDT AFP - Champagne corks are popping again in the luxury business as "It" bags and expensive watches this year sell like hotcakes from Beijing to New York, signalling the turning of a page after the global financial crisis.

Soaring e-book sales speak volumes (AFP) Posted: 31 Jul 2010 10:54 PM PDT AFP - After years of lurking in the literary wilderness, the e-book market has exploded with online retailer Amazon.com's digital volumes recently overtaking sales of their hardcover counterparts.

Michigan voters search for economic savior (AP) Posted: 31 Jul 2010 03:23 PM PDT AP - Michigan voters frustrated over lost jobs, home foreclosures and budget deficits will vote in Tuesday's primary election for leaders they hope can move the state out of its economic morass.

Investigators blast BP for liberal dispersant use (AP) Posted: 01 Aug 2010 08:39 AM PDT AP - As BP inched closer to permanently sealing the blown-out oil well in the Gulf of Mexico, congressional investigators railed against the company and Coast Guard for part of the cleanup effort, saying too much toxic chemical dispersant was used.

Debate on death and taxes heats up as billionaires fall (AFP) Posted: 31 Jul 2010 08:01 PM PDT AFP - The question of death and taxes has risen to the fore in Washington as the demise of prominent billionaires has underscored a fluke which allows big estates to escape taxes, but only for this year.

Fiat boss shakes up Italian labour (AFP) Posted: 31 Jul 2010 08:46 PM PDT AFP - Fiat boss Sergio Marchionne is shaking up labour relations in Italy by strong-arming unions as he aims to create a global megagroup with US automaker Chrysler.

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