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Monday,September 06,2010

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Obama kicks off campaign with infrastructure plan
MILWAUKEE (Reuters) - President Barack Obama, scrambling to jump-start job creation in a sluggish economy, proposed a six-year plan on Monday to rebuild aging roads, railways and runways with an initial $50 billion investment.
Oil operations in Gulf unaffected by storm
HOUSTON (Reuters) - BP Plc , the largest oil producer in U.S.-regulated areas of the Gulf of Mexico, and Shell Oil Co said Monday that Tropical Storm Hermine was not affecting their offshore operations.
Fiat to name Toyota executive to head sales: report
MILAN (Reuters) - Italian car maker Fiat SpA will hire Toyota Motor Europe's Andrea Formica to head sales at its four-brand automotive group, Automotive News Europe said, citing sources familiar with the matter.
Basel committee seeks 9 percent Tier 1 capital: report
FRANKFURT (Reuters) - Global banks will be required to hold Tier 1 capital of nine percent including a 3 percent so-called "conservation buffer," German weekly Die Zeit reported, quoting a draft proposal from the Basel Committee, the body tasked with drawing up global banking rules.
EU finmins want budget rule offenders rapped swiftly
BRUSSELS (Reuters) - European Union finance ministers sought on Monday to make sanctions for EU budget rule breakers more automatic, but put off potentially difficult talks on a permanent mechanism to resolve euro zone crises.