Industrials

Disaster Costs Fall 16% in 1H

Damage costs from natural and man-made disasters fell 16% to $56 billion in the first half of 2013, according to a report from Swiss Re.

BP Sues U.S. Over Contract Suspensions

BP is suing the U.S. government for barring it from obtaining new federal contracts after it pleaded guilty to charges related to the 2010 rig explosion.

Gold Holds Above $1,300

Gold held above $1,300 an ounce as the dollar softened after mixed U.S. data last week left investors less sure the Fed would start to scale back its stimulus next month.

P&G Beats Street View Amid Sales Growth

P&G saw its fourth-quarter profit decline 46% amid charges, but the maker of consumer products recorded improved sales that helped the company beat Wall Street expectations.

Midwest Manufacturing Picks Up in July

The pace of business activity in the U.S. Midwest picked up modestly in July, although growth in new orders and employment both cooled, a report showed on Wednesday.