Personal Finance

New York Times How one youth was drawn to jihad in Somalia Christian Science Monitor Like the Somali-American from Minnesota who was killed this weekend, Tawakal Ahmed was recruited through mosques in Kenya to fight for Islamic militants in Mogadishu. By Heba ALY | Correspondent Isiolo, Kenya - A smattering of wispy clouds dots the ... Death of US jihadist in Somalia shocks family Reuters French Advisers Kidnapped in Somalia New York Times French security advisers kidnapped in Somali capital... Read Full Story

Singapore said Tuesday its economy grew for the first time in a year in the second quarter, suggesting the city is emerging from its worst recession and offering hope for other battered Asian economies. Powered by electronics and biomedical exports, the economy soared 20.4 percent in the three months to June compared with the first quarter on a seasonally adjusted annualised basis, the Ministry of Trade and Industry said. A Dow Jones Newswires poll of 10 analysts had tipped an average 14.1... Read Full Story

GMAC Financial Services says it declared quarterly dividend payments on preferred stock issued to the federal government and to its own subsidiary, Preferred Blocker Inc. The dividends were declared on Monday and are payable on Aug. 17. Dividend payments declared on the preferred stock issued to the U.S. Treasury under the Troubled Asset Relief Program totaled $271 million, while the dividend payment on Preferred Blocker's fixed rate perpetual preferred stock totaled $78.1 million... Read Full Story

Stocks ho-hum in mid-afternoon NEW YORK, July 14 (UPI) -- U.S. stocks wavered between positive and negative territory Tuesday, despite Goldman Sachs Group's stronger-than-expected earnings reports. In mid-afternoon trading, the Dow Jones industrial average was at 8,333.79 points, up 2.11, or 0.03 percent. The Standard & Poor's 500 posted a 1.74-point gain, or 0.19 percent, to 902.79 points, while the Nasdaq composite index posted a 0.19 percent gain, 3.41 points to 1,796.62. The so... Read Full Story

BUTNER, N.C., July 14 (UPI) -- Convicted multibillion-dollar swindler Bernard Madoff was transferred Monday to a federal prison in Butner, N.C., to serve his 150-year sentence. The Federal Bureau of Prisons transferred Madoff to the Butner Federal Correctional Complex after he was housed temporarily in an Atlanta facility, The Wall Street Journal reported. The Butner facility is about 30 miles north of Raleigh, and an eight-hour drive from New York. Madoff's attorney had requested his... Read Full Story

BUTNER, N.C., July 14 (UPI) — Convicted multibillion-dollar swindler Bernard Madoff was transferred Monday to a federal prison in Butner, N.C., to serve his 150-year sentence. Read the rest here: N.C. prison complex will be Madoff’s home (UPI) Read Full Story

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