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• Reuters Business

  • GM Europe head says to sell Opel to Magna soon: report
    FRANKFURT (Reuters) - General Motors Europe President Carl-Peter Forster expects to sell German unit Opel to Canadian auto parts supplier Magna soon, he told a German newspaper.
  • More bidders interested in Porsche stake: report
    FRANKFURT (Reuters) - Three more bidders are interested in taking a stake in German sports car maker Porsche, rivaling investment plans by Qatar, German magazine Focus reported on Saturday.
  • Medici lawyer says Kohn didn't get Madoff payments
    NEW YORK/VIENNA (Reuters) - Austrian fund manager Sonja Kohn did not receive any kickbacks from Bernard Madoff to steer Bank Medici customer funds to the swindler's investment business, a Medici lawyer said on Friday.

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• Market Watch

  • NewsWatch: Gasoline ETF may ease pain at the pump
    Families who pack up the car this Fourth of July weekend will spend much less on gasoline than last year -- prices are down by more than a third from last summer. But when it comes to fueling your investment portfolio, a specialized exchange-traded fund may hedge against unwelcome oil-price spikes.
  • Firm was bullish after rogue trade made: report
    A brokerage which says that one of its employees made unauthorized trades to push up the price of oil issued a bullish report just hours after the those trades were made, according to a published report.
  • BT offers a year off for salary cut
    U.K. telecommunications group BT Group is offering workers a year off in return for 75% drop in salary.
  • NewsWatch: Gasoline ETF may ease pain at the pump
    Families who pack up the car this Fourth of July weekend will spend much less on gasoline than last year -- prices are down by more than a third from last summer. But when it comes to fueling your investment portfolio, a specialized exchange-traded fund may hedge against unwelcome oil-price spikes.
  • SportsWatch: Serena Williams beats sister to win Wimbledon
    Serena Williams beat her older sister Venus on Saturday to capture her third Wimbledon women’s singles title.