ECB warns of more bank loan losses (Reuters)

Reuters – The European Central Bank warned on Monday that euro zone banks face up to 195 billion euros in a “second wave” of potential loan losses over the next 18 months due to the financial crisis, and disclosed it had increased purchases of euro zone government bonds.

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ECB warns of more bank loan losses
(Reuters)

BP unsure how much oil in reservoir in Gulf spill (AP)

AP – BP spokesman John Curry says the company does not know how much oil is contained the vast reservoir nearly three miles beneath the seafloor.

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BP unsure how much oil in reservoir in Gulf spill
(AP)

After fix fail, a dispiriting summer of oil, anger (AP)

AP – There is still a hole in the Earth, crude oil is still spewing from it and there is still, excruciatingly, no end in sight. After trying and trying again, one of the world’s largest corporations, backed and pushed by the world’s most powerful government, can’t stop the runaway gusher.

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After fix fail, a dispiriting summer of oil, anger
(AP)

Africa-France summit gives business a top billing (AP)

AP – Piracy, terrorism and climate change get prime billing but business is the linchpin at a summit between France and African leaders that begins Monday.

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Africa-France summit gives business a top billing
(AP)

Expenses scandal troubles fledgling UK coalition (AP)

AP – After only 18 days at the helm, Britain’s young coalition government has lost a top finance minister to an expenses scandal just as it struggles to slash a record budget deficit and restore public trust in politics.

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Expenses scandal troubles fledgling UK coalition
(AP)

France warns on credit rating (Reuters)

Reuters – France admitted on Sunday that keeping its top-notch credit rating would be “a stretch” without some tough budget decisions, following German hints that Berlin may resort to raising taxes to help bring down its deficit.

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France warns on credit rating
(Reuters)

Americans wait to learn if top kill will stop oil (AP)

AP – Two days after BP began a risky effort to stop a gushing oil well in the Gulf of Mexico, company officials said the operation was going as planned but offered few details, leaving the nation in suspense about whether its worst oil spill would end any time soon.

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Americans wait to learn if top kill will stop oil
(AP)

Alaska pipeline company restarts pipeline (AP)

AP – The operator of the trans-Alaska pipeline system said late Friday it has restarted the 800-mile line idled after a contained spill this week.

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Alaska pipeline company restarts pipeline
(AP)

Feds drops appeals in Broadcom backdating case (AP)

AP – Federal prosecutors said Friday they won’t appeal the dismissal of criminal charges against the founders of high-tech chipmaker Broadcom, ending an embarrassing chapter for the government during which a judge blasted prosecutors for “shameful” misconduct and a lack of evidence.

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Feds drops appeals in Broadcom backdating case
(AP)

3 Fla. banks, 1 each in Nev., Calif. shut down (AP)

AP – Regulators on Friday shut down three banks in Florida and one each in Nevada and California, bringing the number of U.S.

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3 Fla. banks, 1 each in Nev., Calif. shut down
(AP)

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