• Citigroup and Merrill to buy back auction-rate debt
  NEW YORK (Reuters) - Citigroup and Merrill Lynch said they would buy back billions of dollars of illiquid auction-rate securities from retail clients, and Citigroup agreed to pay a $100 million fine to settle charges it fraudulently misled investors about the debt's risk.

  

  

  
• GM says to spend $900 million on capacity adjustments
  DETROIT (Reuters) - General Motors Corp said on Thursday it expects to spend $900 million over the next few years to adjust its manufacturing capacity, including closing plants and reducing output.

  

  

  
• Google admits its AOL investment may be impaired
  SAN FRANCISCO (Reuters) - Google Inc's 5 percent stake in Time Warner Inc's AOL unit may be worth less than the $1 billion the Web company paid for it in 2006, Google warned in a regulatory filing on Thursday.

  

  

  
• Wal-Mart eyes $10 billion sales per year for Marketside: report
  NEW YORK (Reuters) - Wal-Mart Stores Inc says its new Marketside stores could expand to a chain of more than 1,000 stores with more than $10 billion in annual sales, the Financial Times reported, citing a job posting for the retailer, which the FT said was subsequently removed.

  

  

  
• Cablevision to meet top shareholders: report
  (Reuters) - Cablevision Systems Corp's top executives and its biggest shareholders are expected to meet next week as part of a campaign to patch up relations with Wall Street and test the waters for its strategic options, the Wall Street Journal said, citing investors and analysts.

  

  

  

Coverage includes breaking news, market reports, newsmaker interviews and key company profiles.

• Japan nuclear accident impact
  July 31 - Japan's killer earthquake left its biggest nuclear power company facing financial losses, supply questions, and demands for greater safety.
• Asia up as US fears ease
  July 31 - Asian stocks rose on Tuesday after a rebound on Wall Street, with the focus on earnings as credit fears eased.
• Transformers hit Japan
  Jul. 23 - The movie "Transformers" comes to Tokyo this week, a homecoming of sorts for the toy-robot film that earned over $260 million in three weeks in North America.
• Zoellick heads to Asia
  Jul. 26 - Newly appointed World Bank President Robert Zoellick will travel to Asia next week.
• Market's bumpy ride continues
  Jul. 30 - European markets experienced a up and down start to the week on Monday, while HSBC's results surprised.