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Business News PhotosUpdated at 7:15 am, July 6, 2008.The logo of UBS is seen at the bank headquarters in Zurich. ...  (AFP/File) - The logo of UBS is seen at the bank headquarters in Zurich. Swiss banks UBS and Credit Suisse need to set aside 70 billion Swiss francs (43.5 billion euros, 68.3 billion dollars) more in capital as Switzerland's banking watchdog moves to prevent a repeat of the subprime crisis.(AFP/File/Fabrice Coffrini)Dollar bills at the Department of the Treasury Bureau of Engraving ...  (AFP/Getty Images/File) - Dollar bills at the Department of the Treasury Bureau of Engraving and Printing in Washington. President George W. Bush has said the United States believes in a strong dollar and that the US economy's fundamental strength would ultimately support the flagging currency.(AFP/Getty Images/File/Joe Raedle)US President George W. Bush, seen here in June 2008, reaffirmed ...  (AFP/File) - US President George W. Bush, seen here in June 2008, reaffirmed the United States' "strong dollar" policy, saying the US economy's fundamental strength would ultimately support the flagging currency.(AFP/File/Mandel Ngan)A motorist holding a fuel pump at a petrol station. OPEC president ...  (AFP/File) - A motorist holding a fuel pump at a petrol station. OPEC president Chakib Khelil warned that oil prices will continue to rise because of the falling dollar.(AFP/File/Behrouz Mehri)Chinese tourists take pictures at Yangming Mountain, a dormant ...  (AFP) - Chinese tourists take pictures at Yangming Mountain, a dormant volcano and a popular tourist attraction famous for its hot springs in Taipei on July 5. The launch of regular direct flights between China and Taiwan has been hailed as a symbol of progress and a boon to tourism, but industry workers here are not all convinced.(AFP/Patrick Lin)A Chinese tour guide holds a flag during a visit to Yangming ...  (AFP) - A Chinese tour guide holds a flag during a visit to Yangming Mountain, a dormant volcano and a popular tourist attraction famous for its hot springs in Taipei on July 5. The launch of regular direct flights between China and Taiwan has been hailed as a symbol of progress and a boon to tourism, but industry workers here are not all convinced.(AFP/Patrick Lin)Chinese tourists take pictures at the square of Taiwan's ...  (AFP) - Chinese tourists take pictures at the square of Taiwan's popular tourist attraction the National Palace Museum in Taipei on July 4. The launch of regular direct flights between China and Taiwan has been hailed as a symbol of progress and a boon to tourism, but industry workers here are not all convinced.(AFP/Patrick Lin)An employee walks by a logo of South Korea's largest airline ...  (AFP/File) - An employee walks by a logo of South Korea's largest airline Korean Air at its headquarters in Seoul. While cargo prices were the focus of the latest fines, British Airways and Korean Air last year pleaded guilty and were each sentenced to pay 300-million-dollar criminal fines for conspiring to fix international passenger charges, and air cargo rates, the justice department said.(AFP/File/Jung Yeon-Je)File photo of an Air France airplane. Last month's agreement ...  (AFP/File) - File photo of an Air France airplane. Last month's agreement by Air France and three other airlines to plead guilty and pay more than half a billion dollars in criminal fines has shed light on industry price-fixing, analysts say.(AFP/File/Giuseppe Cacace)File photo shows a woman walking past a giant logo of Hong Kong's ...  (AFP/File) - File photo shows a woman walking past a giant logo of Hong Kong's airline Cathay Pacific. Last month's agreement by Cathay Pacific and three other airlines to plead guilty and pay more than half a billion dollars in criminal fines has shed light on industry price-fixing, analysts say.(AFP/File/John Macdougall)While cargo prices were the focus of the latest fines, British ...  (AFP/File) - While cargo prices were the focus of the latest fines, British Airways and Korean Air last year pleaded guilty and were each sentenced to pay 300-million-dollar criminal fines for conspiring to fix international passenger charges, and air cargo rates, the justice department said.(AFP/File/Philippe Lopez) |
Wall Street JournalUpdated at 7:15 am, July 6, 2008.Jalapeños Probed in Salmonella Outbreak Jalapeño peppers are a suspect in salmonella cases. Investigators are also looking at other ingredients used to make salsa, including cilantro and Serrano peppers. The CDC initially blamed tomatoes, leading to financial losses for that industry. Leaders Land in Japan for G-8 Summit Climate change, soaring oil prices and possible steps against Zimbabwe were high on the agenda as leaders from the Group of Eight leading nations gathered in Japan for their annual summit. BP Sues TNK-BP Russia Partners BP has sued its Russian partners at its TNK-BP joint venture to recover a $370 million debt in the latest dispute in a deepening rift. Housing Steps Up Political Donations The housing industry already has given more money to Congress this election cycle than in the entire previous cycle, while winning favorable provisions in an emergency housing bill. Mongolia Ends State of Emergency Mongolia ended a four-day state of emergency after violent election riots last week left five people dead, 300 injured, and hundreds detained in this fledgling democracy. U.S. Played Role in Colombia Rescue New details have emerged about an important supporting role for the U.S. in Colombia's daring rescue of 15 hostages held by the country's Marxist guerrillas. Ingrid Betancourt received a hero's welcome in France. McCain to Repackage Proposals McCain is seeking to make his political message sharper as his campaign staff is in the midst of centralizing power. NBC Nears Weather Channel Deal The long-running auction of the Weather Channel is nearing an end. General Electric's NBC Universal and two financial partners are expected to conclude a $3.5 billion deal to buy the cable-television channel as soon as this weekend. |
