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AP Business NewsBrief at 7:15 am EDT July 31, 2008

Posted by malibusac in Currency News.
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The 15-nation currency rose to an all-time high of $1.6038 in European trading, surpassing its previous record of $1.6018 set on April 22.

Airlines to begin selling ads on boarding passesMINNEAPOLIS (AP) _ Luggage? Got it. Boarding pass? Check. Ads on boarding pass to help beleaguered airline industry pay for expensive fuel? Check. Several major airlines will begin displaying ads on boarding passes for customers who check in from home. Customers can print the boarding passes without ads if they want.

Court finds Mitsubishi executives guiltyTOKYO (AP) _ A Japanese court found Mitsubishi Motors and its three former executives guilty Tuesday of falsifying a report to the government in a fatal accident suspected of being linked to a wheel defect. The Tokyo High Court threw out a lower court decision from December 2006 that acquitted the three executives, including Takashi Usami, former chairman of Mitsubishi Fuso Truck and Bus Corp., the automaker’s truck division at the time of the accident.

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