European Central Bank meeting... US economic reports... BP seeks restitution

Estimated read time: 1-2 minutes

This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.

FRANKFURT, Germany (AP) — The European Central Bank meets in Frankfurt today to discuss its monetary policy. European stocks are up as investors expect European Central Bank President Mario Draghi to indicate that the bank stands ready to provide the eurozone economy with more stimulus if inflation doesn't pick up.

UNDATED (AP) — Retail sales across the 19-country eurozone rose by a solid 0.4 percent in July from the month before. The increase reported by the European Union's statistics agency, Eurostat, was more or less in line with market expectations and more than made up for the 0.2 percent decline recorded in June.

WASHINGTON (AP) — Later this morning, the Labor Department reports on the number of people who applied for unemployment benefits last week. The Commerce Department reports on the U.S. trade gap for July. And the Institute for Supply Management issues its index of non-manufacturing activity for August.

NEW ORLEANS (AP) — BP is going back to a federal appeals court in a case involving businesses' damage claims from the 2010 oil spill in the Gulf of Mexico. The oil giant wants restitution of some of the money it paid in claims to businesses as part of a 2012 settlement. A ruling isn't expected immediately.

DHAKA, Bangladesh (AP) — A court in Bangladesh's capital has indicted the two owners of a garment factory and 11 others on homicide charges for a 2012 fire that killed 112 workers. It is the first time that factory owners have been prosecuted in Bangladesh's lucrative garment industry, the world's second largest after China.