New York — A U.S. bankruptcy judge gave Delphi Corp. the go-ahead to abandon its pension obligations, bringing the supplier another step closer to exiting bankruptcy.

The Financial Services Authority (FSA) has today imposed a public censure on a Derbyshire financial advice firm for failing to ensure its advice on pension income drawdown products was suitable.

LONDON, July 30 (Reuters) - Uk’s Financial services Authority

July 30 (Bloomberg) — The government agency that guarantees the pensions of more than 44 million Americans would be restructured under legislation introduced in the U.S. Senate.

WASHINGTON—-Defined benefit pension income plays a critical role in reducing the risk of poverty and hardship among older Americans. According to a study released today, rates of poverty among older households lacking pension income were about six times greater than those with such income.

According to a report issued Wednesday, venture capital investments in alternative energy increased 73 percent over the past three months in what may be a sign that bad market conditions are subsiding.

July 30 (Bloomberg) — Dubai Investments PJSC , which owns stakes in more than 40 companies, said second-quarter profit declined 47 percent as it earned no income from property sales.

Leading Investments Inc., a Las Vegas real estate development company, this week consented to creditors’ demands that it be placed under Chapter 7 bankruptcy supervision.

DUBAI - Dubai Investments Co., which reported a 46 per cent drop in quarterly profits on Thursday, sees weaker 2009 profits and another tough year ahead as the Gulf property slump hammers the UAE firm’s main segment, its Chief Executive Officer said.

WASHINGTON, July 30 (Reuters) - President Barack Obama wants companies to make decisions based on sound long-term investments, not simply short-term profit-taking, White House spokesman Robert Gibbs said on Thursday.