Global News

"British insurer Aviva is planning to sell or close 16 underperforming businesses as part of a strategic shake-up in order to improve its finances and stem its declining share price."

"The Australian dollar reached a level which was just 0.6 percent less than a record high against the euro just before the European Central Bank and Bank of England are scheduled to meet to discuss ways to provide economic stimulus for boosting demand for currencies tied to growth. "

"California state lawmakers have approved what would be the nation's strongest legislation to help financially troubled borrowers stay in their homes. Gov. Jerry Brown is expected to sign the legislation this week or next. "

"Concerns regarding the global slowdown were heightened when Cummins lowered its full-year sales projections attributing it to weak demand for its heavy machinery. It expects sales to remain flat at last year's level of $18 billion."

"Growth in PC sales has stalled in the second quarter, despite heavy marketing by Intel of new breed of sleek notebook computers. The decline in demand is the result of stiff competition from Apple's iPad and other tablets. "

"The Japanese advertising company, Dentsu is buying Britain's Aegis Group Plc for 3.16 billion pounds ($4.9 billion) in order to create a global media and marketing network. A company with 33,000 workers will be created as a result of this deal. "

"The number of foreclosures in the first half of the year dropped by 11 percent. Bank repossessions also led to overall foreclosure activity dropping in the second quarter because of a dip in bank repossessions. "

"German carmaker Opel has announced the resignation of its chief executive, Karl-Friedrich Stracke. He has also stepped down from his position as president of Opel's parent company, General Motors Europe. "

"Rock and Roll band The Rolling Stones that went from dedicated blues purists to a glorified, global showband has turned 50."

"Another round of 350 job cuts has been announced by J.C. Penney, reducing the headquarters workforce by nearly 30 percent. Penney's shares dropped nearly 8 percent Tuesday, showing that investors have lost faith in its new strategy. As J.C. Penney Co is struggling with a transformation, the workers of the department store chain are feeling the heat as its new CEO announced Tuesday another round of job cuts at its headquarters in Plano, Texas."

"Adele has spent $54,000 on lighting and sound system for her baby's nurseries and $7,500 on clothes and accessories. New mum-to-be Adele is leaving no stone unturned for the grand welcome of her first child with boyfriend Simon Konecki. The 24-year-old singer, who is due to give birth in September, is spending lavishly on various things just to make sure that the newborn is looked after."

"The Bank of Japan has held back increase of monetary stimulus with the result that stocks dropped. This has resulted in the bank increasing its asset-purchase fund and reducing a credit-loan facility by the same amount."

"The trading losses suffered by JPMorgan Chase's CIO unit may ultimately climb to $7.5 billion in the worst-case scenario. The bank has so far lost $5.8 billion. "

Recent World News gives insight into all the major issues surrounding the world. World wide news also focuses on all the other major aspects that affects the nation.

"AusTex Oil updates their well development program. Australia (Sharewellnewswire) July 31, 2012 - United States focused oil & gas producer AusTex Oil Limited (ASX: AOK, OTCQX: ATXDY) is pleased to report oil and gas production rates for the month of June 2012. Production for the month of June increased to 299 BOE/d, a 75% increase on the prior month. The increase was due largely to the contribution from the Balder #1 horizontal well, in which AusTex participated with Range Resources Inc. (NYSE: RRC). Improved production from the Company's producing vertical wells also contributed. "

"Gordon "Grant" Curtis, Executive Director for CI Investments, a Single Family Office headquartered in Switzerland, is the chosen moderator for a panel of financial experts presenting to the ultra-wealthy."

"Jay Tompkins of the Tompkins Law Office in downtown Hillsville, Virginia, is continuing a family legacy of five generations of lawyers and judges in Carroll County that reaches back to the 19th century."

"The sensational best seller diet book urges people to jump off the treadmill, into the hot tub!Bridget Praytor had taken every diet pill and almost worked herself to a gym-bound early grave in order to fit in with society's accepted female 'mold'. Following an epiphany moment in a hot tub, Praytor is proving that mind over matter can quickly turn insecurity into pride."

"Better Tymes Project and Better Tymes for Women Use Launcht.org, The New Social Entrepreneur-Oriented "Crowd-Funding" Platform, To Make Their Revolutionary "It's All About You - And Your Body Clock" Clock App (With Mood-Tracker & Analyzer) Available On iPhones, and Also On iPads. "

"Irvine, Calif. - July 18, 2012 - C. K. Cooper & Company, an independent, full-service investment bank, headquartered in Irvine, Calif., announced today that Suraj Kalia has joined the firm as a Managing Director in the Healthcare Research Department. "