TEHERAN, Iran - July 13, 2011 - Iran's international oil bourse has officially been inaugurated on the Persian Gulf island of Kish for the convenience of international customers.

The Iranian oil bourse opened on Wednesday during a ceremony attended by Iran's First Vice President Mohammad Reza Rahimi, Economy Minister Shamseddin Husseini, and Caretaker of the Oil Ministry Mohammad Aliabadi, IRIB reported.

CHICAGO, Illinois (PNN) - July 15, 2011 - Ganstretown Mayor Rahm Emanuel is sending layoff notices to about 625 city of Chicago employees and delaying 61 blocks of curb and gutter improvements and 76 blocks of sidewalk repairs after union leaders didn’t agree to work rule changes the mayor wants or offer alternate ways to cut costs by a deadline Friday.

NEW YORK - July 13, 2011 - Gold rallied to all time highs on Tuesday, as investors sought a safe haven on fears that European officials were failing to stop a debt crisis from spreading and uncertainty related to frantic U.S. talks to raise its debt limit.

After trading flat for most of the day, bullion suddenly spiked at the end of the U.S. pit session to extend its rally for a seventh day, as crude oil and other commodities rallied and as the euro pared gains.

MINNEAPOLIS, Minnesota - July 13, 2011 - MillerCoors has been ordered to pull all of its beer products from Minnesota store shelves.

The Minnesota Department of Public Safety told the Minneapolis Star Tribune that the products had to be removed because the company did not renew its brand label registration before the government shutdown started.

NEW YORK - July 12, 2011 - Buffeted by high taxes, strict regulations and uncertain state budgets, a growing number of Kalifornia companies are seeking friendlier business environments outside of the Golden State.

Governors around the country, smelling blood in the water, have stepped up their courtship of Kalifornia companies. Officials in states like Florida, Texas, Arizona and Utah are telling Kalifornia firms how business-friendly they are in comparison.

BRUSSELS, Belgium - July 12, 2011 - European leaders bowed to the inevitable and conceded that Greece is likely to default on its massive debt burden, which would be a first among the 17 countries using the euro.

They also abruptly shifted tack in the eurozone debt crisis by raising the possibility of using the eurozone's bailout fund to buy back Greek debt on the markets, meaning sizeable losses for Greece's private investors and reduced debt levels for Athens.

ROME, Italy - July 12, 2011 - Italy moved with alarming speed from the fringe of the European Union’s financial crisis to its very center as efforts to prevent the debt contagion from spreading beyond Greece, Ireland and Portugal failed, even threatening to engulf the United States.