NEW YORK (Reuters) - Citigroup Inc will pay $75 million (48 million pounds) to settle charges that it failed to disclose subprime exposure to investors in 2007, the U.S. Securities and Exchange Commission said on Thursday.div class="feedflare" a href="http://feeds.reuters.com/~ff/Reuters/UKBusinessNews?a=FgGx_HPP9FY:F0m6F0pqA1w:yIl2AUoC8zA"img src="http://feeds.feedburner.com/~ff/Reuters/UKBusinessNews?d=yIl2AUoC8zA" border="0"/img/a a href="http://feeds.reuters.com/~ff/Reuters/UKBusinessNews?a=FgGx_HPP9FY:F0m6F0pqA1w:F7zBnMyn0Lo"img src="http://feeds.feedburner.com/~ff/Reuters/UKBusinessNews?i=FgGx_HPP9FY:F0m6F0pqA1w:F7zBnMyn0Lo" border="0"/img/a a href="http://feeds.reuters.com/~ff/Reuters/UKBusinessNews?a=FgGx_HPP9FY:F0m6F0pqA1w:V_sGLiPBpWU"img src="http://feeds.feedburner.com/~ff/Reuters/UKBusinessNews?i=FgGx_HPP9FY:F0m6F0pqA1w:V_sGLiPBpWU" border="0"/img/a /divimg src="http://feeds.feedburner.com/~r/Reuters/UKBusinessNews/~4/FgGx_HPP9FY" height="1" width="1"/

BRUSSELS (Reuters) - The European Union's top court ruled on Thursday that Anheuser-Busch InBev (AB-InBev) may not register "Budweiser" as a trademark in the bloc, ending a 14-year legal battle over the name with a Czech brewer.div class="feedflare" a href="http://feeds.reuters.com/~ff/Reuters/UKBusinessNews?a=bg4kJ7t3Ls8:PwT0JmV-x3k:yIl2AUoC8zA"img src="http://feeds.feedburner.com/~ff/Reuters/UKBusinessNews?d=yIl2AUoC8zA" border="0"/img/a a href="http://feeds.reuters.com/~ff/Reuters/UKBusinessNews?a=bg4kJ7t3Ls8:PwT0JmV-x3k:F7zBnMyn0Lo"img src="http://feeds.feedburner.com/~ff/Reuters/UKBusinessNews?i=bg4kJ7t3Ls8:PwT0JmV-x3k:F7zBnMyn0Lo" border="0"/img/a a href="http://feeds.reuters.com/~ff/Reuters/UKBusinessNews?a=bg4kJ7t3Ls8:PwT0JmV-x3k:V_sGLiPBpWU"img src="http://feeds.feedburner.com/~ff/Reuters/UKBusinessNews?i=bg4kJ7t3Ls8:PwT0JmV-x3k:V_sGLiPBpWU" border="0"/img/a /divimg src="http://feeds.feedburner.com/~r/Reuters/UKBusinessNews/~4/bg4kJ7t3Ls8" height="1" width="1"/

The X Prize foundation, best known for launching the private spaceflight industry, launches a $1.4 million oil clean-up challenge.

Top global investor in 'Big Four' bets big on Russia, scales down India investment.

NEW YORK (Reuters) - A former employee of Bayer AG has sued Germany's largest drugmaker, accusing it of wrongfully firing him in retaliation for his refusal to falsify data.div class="feedflare" a href="http://feeds.reuters.com/~ff/Reuters/UKBusinessNews?a=a9v7b_gvzb0:wEwz14H2odo:yIl2AUoC8zA"img src="http://feeds.feedburner.com/~ff/Reuters/UKBusinessNews?d=yIl2AUoC8zA" border="0"/img/a a href="http://feeds.reuters.com/~ff/Reuters/UKBusinessNews?a=a9v7b_gvzb0:wEwz14H2odo:F7zBnMyn0Lo"img src="http://feeds.feedburner.com/~ff/Reuters/UKBusinessNews?i=a9v7b_gvzb0:wEwz14H2odo:F7zBnMyn0Lo" border="0"/img/a a href="http://feeds.reuters.com/~ff/Reuters/UKBusinessNews?a=a9v7b_gvzb0:wEwz14H2odo:V_sGLiPBpWU"img src="http://feeds.feedburner.com/~ff/Reuters/UKBusinessNews?i=a9v7b_gvzb0:wEwz14H2odo:V_sGLiPBpWU" border="0"/img/a /divimg src="http://feeds.feedburner.com/~r/Reuters/UKBusinessNews/~4/a9v7b_gvzb0" height="1" width="1"/

Exxon Mobil powers ahead of rivals BP and Royal Dutch Shell by almost doubling quarterly net profits.

Financial institutions affected by tough new rules on bonuses and remuneration will be put at a "competitive disadvantage" when it comes to recruiting and retaining the best staff, experts have warned.

LONDON/HOUSTON (Reuters) - Exxon Mobil's quarterly profit jumped 85 percent on surging oil prices and a big rise in refining margins, while Royal Dutch Shell Plc's profits rose 34 percent.div class="feedflare" a href="http://feeds.reuters.com/~ff/Reuters/UKBusinessNews?a=a12S5NITeIc:dS5keAr_Gm8:yIl2AUoC8zA"img src="http://feeds.feedburner.com/~ff/Reuters/UKBusinessNews?d=yIl2AUoC8zA" border="0"/img/a a href="http://feeds.reuters.com/~ff/Reuters/UKBusinessNews?a=a12S5NITeIc:dS5keAr_Gm8:F7zBnMyn0Lo"img src="http://feeds.feedburner.com/~ff/Reuters/UKBusinessNews?i=a12S5NITeIc:dS5keAr_Gm8:F7zBnMyn0Lo" border="0"/img/a a href="http://feeds.reuters.com/~ff/Reuters/UKBusinessNews?a=a12S5NITeIc:dS5keAr_Gm8:V_sGLiPBpWU"img src="http://feeds.feedburner.com/~ff/Reuters/UKBusinessNews?i=a12S5NITeIc:dS5keAr_Gm8:V_sGLiPBpWU" border="0"/img/a /divimg src="http://feeds.feedburner.com/~r/Reuters/UKBusinessNews/~4/a12S5NITeIc" height="1" width="1"/

Genetically modified bacteria that munch on sugar to produce refinable oil could bring down the cost of switching to cleaner liquid fuelsimg width='1' height='1' src='http://feeds.newscientist.com/c/749/f/10897/s/c602a6f/mf.gif' border='0'/div class='mf-viral'table border='0'trtd valign='middle'a href="http://res.feedsportal.com/viral/sendemail2.html?title=E.+coli+engineered+to+make+convenient+%27drop-in%27+biofuellink=http%3A%2F%2Fwww.newscientist.com%2Farticle%2Fdn19238-e-coli-engineered-to-make-convenient-dropin-biofuel.html%3FDCMP%3DOTC-rss%26nsref%3Donline-news" target="_blank"img src="http://res3.feedsportal.com/images/emailthis2.gif" border="0" //a/tdtd valign='middle'a href="http://res.feedsportal.com/viral/bookmark.cfm?title=E.+coli+engineered+to+make+convenient+%27drop-in%27+biofuellink=http%3A%2F%2Fwww.newscientist.com%2Farticle%2Fdn19238-e-coli-engineered-to-make-convenient-dropin-biofuel.html%3FDCMP%3DOTC-rss%26nsref%3Donline-news" target="_blank"img src="http://res3.feedsportal.com/images/bookmark.gif" border="0" //a/td/tr/table/divbr/br/a href="http://da.feedsportal.com/r/77788040140/u/60/f/10897/c/749/s/207628911/a2.htm"img src="http://da.feedsportal.com/r/77788040140/u/60/f/10897/c/749/s/207628911/a2.img" border="0"//a

Allowing people to work into their seventies will cut the number of jobs and promotions available to an already "lost generation" of younger workers, according to experts.

NEW DELHI (Reuters) - Prime Minister David Cameron has revealed a plain-speaking streak during a tour of Turkey and India that raises questions over whether it is down to youthful inexperience or a bold new approach to diplomacy.div class="feedflare" a href="http://feeds.reuters.com/~ff/Reuters/UKBusinessNews?a=OXxAauowtrg:ZAgooCWO76o:yIl2AUoC8zA"img src="http://feeds.feedburner.com/~ff/Reuters/UKBusinessNews?d=yIl2AUoC8zA" border="0"/img/a a href="http://feeds.reuters.com/~ff/Reuters/UKBusinessNews?a=OXxAauowtrg:ZAgooCWO76o:F7zBnMyn0Lo"img src="http://feeds.feedburner.com/~ff/Reuters/UKBusinessNews?i=OXxAauowtrg:ZAgooCWO76o:F7zBnMyn0Lo" border="0"/img/a a href="http://feeds.reuters.com/~ff/Reuters/UKBusinessNews?a=OXxAauowtrg:ZAgooCWO76o:V_sGLiPBpWU"img src="http://feeds.feedburner.com/~ff/Reuters/UKBusinessNews?i=OXxAauowtrg:ZAgooCWO76o:V_sGLiPBpWU" border="0"/img/a /divimg src="http://feeds.feedburner.com/~r/Reuters/UKBusinessNews/~4/OXxAauowtrg" height="1" width="1"/

A Unesco panel votes to remove the Galapagos Islands from a "red list" of endangered heritage sites, drawing protests from a leading conservation group.

All today's stories on NewScientist.com, including: doubts over shaken baby syndrome, a new take on Alzheimer's and the decline of Phytoplanktonimg width='1' height='1' src='http://feeds.newscientist.com/c/749/f/10897/s/c600bd4/mf.gif' border='0'/div class='mf-viral'table border='0'trtd valign='middle'a href="http://res.feedsportal.com/viral/sendemail2.html?title=Today+on+New+Scientist%3A+29+July+2010link=http%3A%2F%2Fwww.newscientist.com%2Fblogs%2Fshortsharpscience%2F2010%2F07%2Ftoday-on-new-scientist-29-july.html%3FDCMP%3DOTC-rss%26nsref%3Donline-news" target="_blank"img src="http://res3.feedsportal.com/images/emailthis2.gif" border="0" //a/tdtd valign='middle'a href="http://res.feedsportal.com/viral/bookmark.cfm?title=Today+on+New+Scientist%3A+29+July+2010link=http%3A%2F%2Fwww.newscientist.com%2Fblogs%2Fshortsharpscience%2F2010%2F07%2Ftoday-on-new-scientist-29-july.html%3FDCMP%3DOTC-rss%26nsref%3Donline-news" target="_blank"img src="http://res3.feedsportal.com/images/bookmark.gif" border="0" //a/td/tr/table/divbr/br/a href="http://da.feedsportal.com/r/77788905106/u/60/f/10897/c/749/s/207621076/a2.htm"img src="http://da.feedsportal.com/r/77788905106/u/60/f/10897/c/749/s/207621076/a2.img" border="0"//a

LONDON (Reuters) - Britain's top shares closed easier on Thursday as a retreat from banks and investor caution ahead of U.S. growth data on Friday offset a batch of robust UK corporate earnings from companies including AstraZeneca.div class="feedflare" a href="http://feeds.reuters.com/~ff/Reuters/UKBusinessNews?a=UYcYdvY8hx8:K6vFW7oni8E:yIl2AUoC8zA"img src="http://feeds.feedburner.com/~ff/Reuters/UKBusinessNews?d=yIl2AUoC8zA" border="0"/img/a a href="http://feeds.reuters.com/~ff/Reuters/UKBusinessNews?a=UYcYdvY8hx8:K6vFW7oni8E:F7zBnMyn0Lo"img src="http://feeds.feedburner.com/~ff/Reuters/UKBusinessNews?i=UYcYdvY8hx8:K6vFW7oni8E:F7zBnMyn0Lo" border="0"/img/a a href="http://feeds.reuters.com/~ff/Reuters/UKBusinessNews?a=UYcYdvY8hx8:K6vFW7oni8E:V_sGLiPBpWU"img src="http://feeds.feedburner.com/~ff/Reuters/UKBusinessNews?i=UYcYdvY8hx8:K6vFW7oni8E:V_sGLiPBpWU" border="0"/img/a /divimg src="http://feeds.feedburner.com/~r/Reuters/UKBusinessNews/~4/UYcYdvY8hx8" height="1" width="1"/

LONDON (Reuters) - Metro Bank, Britain's first new high street retail bank in more than 100 years, opened its doors to customers on Thursday, hoping to break into a sector whose reputation has been damaged by the credit crisis.div class="feedflare" a href="http://feeds.reuters.com/~ff/Reuters/UKBusinessNews?a=Dm1M0kMpfeg:FvscnMGYBQg:yIl2AUoC8zA"img src="http://feeds.feedburner.com/~ff/Reuters/UKBusinessNews?d=yIl2AUoC8zA" border="0"/img/a a href="http://feeds.reuters.com/~ff/Reuters/UKBusinessNews?a=Dm1M0kMpfeg:FvscnMGYBQg:F7zBnMyn0Lo"img src="http://feeds.feedburner.com/~ff/Reuters/UKBusinessNews?i=Dm1M0kMpfeg:FvscnMGYBQg:F7zBnMyn0Lo" border="0"/img/a a href="http://feeds.reuters.com/~ff/Reuters/UKBusinessNews?a=Dm1M0kMpfeg:FvscnMGYBQg:V_sGLiPBpWU"img src="http://feeds.feedburner.com/~ff/Reuters/UKBusinessNews?i=Dm1M0kMpfeg:FvscnMGYBQg:V_sGLiPBpWU" border="0"/img/a /divimg src="http://feeds.feedburner.com/~r/Reuters/UKBusinessNews/~4/Dm1M0kMpfeg" height="1" width="1"/

Garry White: why specialist chemicals are a good bet.

The World Heritage Committee has taken the Galapagos off its Danger List, says Michael Marshall. In other news, mice have nothing to fear from catsimg width='1' height='1' src='http://feeds.newscientist.com/c/749/f/10897/s/c600262/mf.gif' border='0'/div class='mf-viral'table border='0'trtd valign='middle'a href="http://res.feedsportal.com/viral/sendemail2.html?title=Galapagos+off+the+Danger+List+%26%238211%3B+but+why%3Flink=http%3A%2F%2Fwww.newscientist.com%2Fblogs%2Fshortsharpscience%2F2010%2F07%2Fgalapagos-off-the-danger-list.html%3FDCMP%3DOTC-rss%26nsref%3Donline-news" target="_blank"img src="http://res3.feedsportal.com/images/emailthis2.gif" border="0" //a/tdtd valign='middle'a href="http://res.feedsportal.com/viral/bookmark.cfm?title=Galapagos+off+the+Danger+List+%26%238211%3B+but+why%3Flink=http%3A%2F%2Fwww.newscientist.com%2Fblogs%2Fshortsharpscience%2F2010%2F07%2Fgalapagos-off-the-danger-list.html%3FDCMP%3DOTC-rss%26nsref%3Donline-news" target="_blank"img src="http://res3.feedsportal.com/images/bookmark.gif" border="0" //a/td/tr/table/divbr/br/a href="http://da.feedsportal.com/r/77788903979/u/60/f/10897/c/749/s/207618658/kg/65/a2.htm"img src="http://da.feedsportal.com/r/77788903979/u/60/f/10897/c/749/s/207618658/kg/65/a2.img" border="0"//a

LONDON (Reuters) - Mortgage approvals fell more than expected in June and overall lending stalled, Bank of England figures showed on Thursday, suggesting the housing market will continue to soften in the coming months.div class="feedflare" a href="http://feeds.reuters.com/~ff/Reuters/UKBusinessNews?a=puYilh35GfA:BkKVJuTozYs:yIl2AUoC8zA"img src="http://feeds.feedburner.com/~ff/Reuters/UKBusinessNews?d=yIl2AUoC8zA" border="0"/img/a a href="http://feeds.reuters.com/~ff/Reuters/UKBusinessNews?a=puYilh35GfA:BkKVJuTozYs:F7zBnMyn0Lo"img src="http://feeds.feedburner.com/~ff/Reuters/UKBusinessNews?i=puYilh35GfA:BkKVJuTozYs:F7zBnMyn0Lo" border="0"/img/a a href="http://feeds.reuters.com/~ff/Reuters/UKBusinessNews?a=puYilh35GfA:BkKVJuTozYs:V_sGLiPBpWU"img src="http://feeds.feedburner.com/~ff/Reuters/UKBusinessNews?i=puYilh35GfA:BkKVJuTozYs:V_sGLiPBpWU" border="0"/img/a /divimg src="http://feeds.feedburner.com/~r/Reuters/UKBusinessNews/~4/puYilh35GfA" height="1" width="1"/

LONDON (Reuters) - Royal Dutch Shell Plc said second-quarter current cost of supply (CCS) net income jumped 94 percent to $4.53 billion (2.9 billion pounds) thanks to a strong operating environment and a speedy restructuring of the group.div class="feedflare" a href="http://feeds.reuters.com/~ff/Reuters/UKBusinessNews?a=TwESoG6-g9A:-Rr28M_AQ3M:yIl2AUoC8zA"img src="http://feeds.feedburner.com/~ff/Reuters/UKBusinessNews?d=yIl2AUoC8zA" border="0"/img/a a href="http://feeds.reuters.com/~ff/Reuters/UKBusinessNews?a=TwESoG6-g9A:-Rr28M_AQ3M:F7zBnMyn0Lo"img src="http://feeds.feedburner.com/~ff/Reuters/UKBusinessNews?i=TwESoG6-g9A:-Rr28M_AQ3M:F7zBnMyn0Lo" border="0"/img/a a href="http://feeds.reuters.com/~ff/Reuters/UKBusinessNews?a=TwESoG6-g9A:-Rr28M_AQ3M:V_sGLiPBpWU"img src="http://feeds.feedburner.com/~ff/Reuters/UKBusinessNews?i=TwESoG6-g9A:-Rr28M_AQ3M:V_sGLiPBpWU" border="0"/img/a /divimg src="http://feeds.feedburner.com/~r/Reuters/UKBusinessNews/~4/TwESoG6-g9A" height="1" width="1"/

Russian sub searches Lake Baikal for energy reserves