PRESS DIGEST - Washington Post Business - July 25
WASHINGTON, July 25 (Reuters) - The Washington Post included the following items on the front page of its business section on July 25.
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A days-long rally in the U.S. stock market came to an abrupt halt Thursday after the release of disappointing home sales and joblessness figures reignited worries about the economy, particularly financial services.
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New York Attorney General Andrew Cuomo filed a securities fraud lawsuit against UBS, alleging that the Zurich investment bank marketed billions of dollars in unconventional bonds to investors while improperly claiming they were as safe and liquid as cash.
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XM Satellite and Sirius Satellite agreed to pay nearly $20 million in fines for past technical violations, paving the way for federal approval of a merger between the only two U.S. satellite radio providers.
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