AP - Norwegian papermaker Norske Skog said its second-quarter net loss widened 62 percent to 874 million kroner ($146 million) from 538 million kroner in 2009, due to lower paper prices, higher costs and changes in currency values.

AFP - Troubled mortgage firm Fannie Mae said Thursday it lost 3.1 billion dollars in its second quarter, far less than the whopping 13.1 billion dollars suffered in the first three months of the year.