BP sees no impact to Gulf operations from storm (Reuters)

Reuters - BP Plc , the largest oil producer in U.S.-regulated areas of the Gulf of Mexico, said Monday that Tropical Storm Hermine was not expected to affect its offshore operations.

WTO to issue Boeing subsidies verdict Sept. 15: source (AFP)

AFP - The World Trade Organization will issue its long-awaited opinion on Europe's challenge to American subsidies to US aerospace giant Boeing next week, a source close to the matter said Monday.

EU finmins want budget rule offenders rapped swiftly (Reuters)

Reuters - European Union finance ministers sought on Monday to make sanctions for EU budget rule breakers more automatic, but put off potentially difficult talks on a permanent mechanism to resolve euro zone crises.

Oil slips below $74 as U.S. driving season ends (Reuters)

Reuters - U.S. oil prices slipped below $74 per barrel on Monday as the end of the U.S. driving season and high levels of unemployment in the world's biggest oil consumer raised concerns over the outlook for demand.

Fed should not set limit on economy aid: Kohn (Reuters)

Reuters - The Federal Reserve should not announce a limit on its actions if it resumes purchases of Treasury securities to stimulate the U.S. economy, the former vice chairman of the central bank said.

EU finance ministers to discuss new bank levy (AP)

AP - European Union finance ministers are set to discuss the possibility of introducing a levy on banks and whether a tax on financial transactions can deal with another banking crisis, as they gather Tuesday in an atmosphere more benign than when they last met in July.

Growth hopes boost global equities (Reuters)

Reuters - World stocks rose on Monday on hopes the U.S. economy can avoid slipping back into recession, although the International Monetary Fund's chief economist warned of weak growth in both the United States and Europe.

Obama to announce $50 billion infrastructure job plan (Reuters)

Reuters - President Barack Obama will announce on Monday a six-year plan to revamp the United States' aging roads, railways and runways with a $50 billion up-front investment to jump-start job creation.

What might make the Fed flinch? (Reuters)

Reuters - The U.S. economy appears to be trudging along, neither booming nor busting, growing steadily enough to diminish double-dip recession fears but not quickly enough to bring down unemployment.

McCain Hits Democrats for 'Flailing Around' on Economy (CQPolitics.com)

CQPolitics.com - Leading voices in both parties sparred Sunday over the state of the economy and the role that Bush tax cuts should play in the recovery.

Taxpayers may face initial loss on GM IPO: sources (Reuters)

Reuters - The U.S. government is likely to take a loss on General Motors Co in the first offering of the automaker's stock, six people familiar with preparations for the landmark IPO said.

Venezuela OKs payment for French retailer Casino (Reuters)

Reuters - Venezuelan President Hugo Chavez has approved a $690 million payment to French retailer Casino and other owners of a supermarket chain nationalized earlier this year, state media said on Saturday.

Petrobras sells 64 bln dlrs of stock to fund oil exploration (AFP)

AFP - Brazil's Petrobras unveiled one of the world's biggest share offerings Friday, a sale of up to 64 billion dollars in new stock to finance oil exploration aimed at turning Brazil into a leading oil exporter of the 21st century.

Campbell reports Q4 profit rise on better margins (AP)

AP - Summer is rarely a hot sales season for Campbell Soup Co., and this year's sweltering June and July made that even more true, but the company said Friday that cost-cutting and strong drink sales helped its net income climb.

MGIC added $1.2B in mortgage coverage in August (AP)

AP - Private mortgage insurer Mortgage Guaranty Insurance Corp. said Friday it added $1.2 billion in new primary insurance coverage in August and the number of delinquent loans it insures declined.

A look at economic developments around the globe (AP)

AP - A look at economic developments and activity in major stock markets around the world Friday:

Crafting a Career in Eco-Chic Jewelry (BusinessWeek)

BusinessWeek - Goldman Sachs may not have a lot of friends in the White House these days, but one of its former employees has made a good impression. After three years as an analyst in Goldman's fixed-income, currencies, and commodities division, Monique Pean began her own jewelry line that can now be found in Barneys, Jeffrey New York, and around the neck of Michelle Obama.