News 2008-08-02 Andanh.com

Your Money: Ditch the Gas Guzzler? Well, Maybe Not Yet Sat, 02 Aug 2008 03:57:27 GMT
A sticker for a Ford F-150 truck. Oddly, the sticker includes an estimated annual fuel cost based on gasoline at $2.80 a gallon.

Whole Foods Looks for a Fresh Image in Lean Times Sat, 02 Aug 2008 03:57:29 GMT
Brooke Herman led a tour on Wednesday highlighting discount prices at the Whole Foods store in Edgewater, N.J.

F.C.C. Vote Sets Precedent on Unfettered Web Usage Sat, 02 Aug 2008 05:06:09 GMT
The F.C.C. upheld a complaint against Comcast, which it said had illegally inhibited users of its high-speed Internet service from using popular file-sharing software.

The S.E.C. Is Investigating Fee Practices at Value Line Sat, 02 Aug 2008 03:57:23 GMT
The S.E.C. is investigating whether the company, which publishes several well-known investment newsletters, has overcharged the mutual funds it advises.

U.S. Vehicle Sales Fall 13.2% Amid High Gas Prices and Tight Credit Sat, 02 Aug 2008 03:44:32 GMT
A Ford plant in Oakville, Ontario. The automaker reported that sales in the United States fell 15 percent in July from a year ago.

New York to File Charges Against Citigroup Over Securities Sat, 02 Aug 2008 03:17:22 GMT
The attorney general of New York, Andrew M. Cuomo, said Citigroup misled investors about the dangers of auction-rate securities and destroyed evidence that his office had requested.

Time Warner Blocks a Yahoo Board Choice Sat, 02 Aug 2008 04:46:50 GMT
Time Warner said the nomination of Jonathan Miller, the former chairman and chief executive of its AOL Internet unit, violated a noncompete agreement entered with Mr. Miller.

Chevron Posts Record Profit Despite Loss in Refinery Unit Sat, 02 Aug 2008 03:17:08 GMT
Chevron said Friday that record oil prices drove second-quarter earnings up 11 percent to its highest-ever profit.

They’ll Take Manhattan, in Cash Sat, 02 Aug 2008 06:28:35 GMT

Saturday Interview: Expanding in Athletic Gear in a Tough Economy Sat, 02 Aug 2008 03:16:49 GMT
Kevin A. Plank

Bank Tries to Allay Fears of Instability in Venezuela Sat, 02 Aug 2008 05:35:10 GMT
Venezuela’s central bank sought to reassure depositors a day after President Hugo Chávez nationalized the country’s third-largest bank.

Shortcuts: For Extended Car Warranties, Resist the Showroom Pitch Sat, 02 Aug 2008 04:36:05 GMT
Gardiner Reynolds and Carol Saccucci of the Saccucci Auto Group in Rhode Island, which has sold thousands of warranties online. “We have to make a profit where we can make a profit,” Ms. Saccucci said. “There’s less markup on everything else.”

Market Values: Caution on Metals and Coal Sat, 02 Aug 2008 03:24:54 GMT
Investors have lost their appetite for industrial commodities for the moment.

Lufthansa and Its Union Settle a Five-Day Strike Sat, 02 Aug 2008 03:18:36 GMT
Lufthansa agreed to pay increases for its ground staff, ending the strike that disrupted air traffic in Germany for five days.

Report Says French Bank Trader’s Managers Were Negligent Sat, 02 Aug 2008 03:32:52 GMT
Jérôme Kerviel, once of Société Générale, on July 23 in Paris. His lawyers say they will be more aggressive in his fraud case.

Off the Charts: Could Bear Talk Be a Contrary Signal? Sat, 02 Aug 2008 03:19:51 GMT
Americans have turned more negative on prospects for the stock market than at any time in the last 20 years, which may be good news for investors.

Nortel’s Loss Triples on Revamping Charges Sat, 02 Aug 2008 03:27:23 GMT
Losses at Nortel widened to $113 million from $37 million a year earlier, including $67 million in revamping charges.

Sun Microsystems Profit Falls 73% as Customers Cut Spending Sat, 02 Aug 2008 03:22:49 GMT
Slumping sales to big American companies and reorganization charges weighed on the server and software maker.

Stocks & Bonds: A Rough Week With a Sedate Conclusion Sat, 02 Aug 2008 03:36:40 GMT
A customer at a Wachovia Bank A.T.M. Wachovia’s stock was up 9.9 percent.

Separate Trial Won by Tax-Shelter Defendant Sat, 02 Aug 2008 03:20:23 GMT
A defendant in the large tax-shelter case involving former executives of the KPMG accounting firm will be tried separately on charges of personal tax evasion.

Saturday Profile: For Wealthy Brazilian, Money From Ore and Might From the Cosmos Sat, 02 Aug 2008 04:17:48 GMT
"I need to discover new reserves that can generate more wealth, more employment." -- João Carlos Cavalcanti

Guilty Plea in Plan for a Fraud at NBC Sat, 02 Aug 2008 03:27:40 GMT
A former bookkeeper at NBC Universal pleaded guilty to participating in a scheme to steal more than $1 million that he and his boss had been accused of using for personal expenses.

Jack Nash, Pioneer in Hedge Funds, Dies at 79 Sat, 02 Aug 2008 05:34:08 GMT
Jack Nash in 2003.

H. Tracy Hall, a Maker of Diamonds, Dies at 88 Sat, 02 Aug 2008 05:33:22 GMT
Dr. Hall was an inventor who in 1954 was a key part of a pioneering scientific team at General Electric that made the first synthetic diamonds.

Business Briefing | Earnings: Despite Higher Costs, Clorox Beats Expectations Sat, 02 Aug 2008 06:05:51 GMT

Business Briefing | Earnings: Washington Post Records a Loss on Buyout Charges Sat, 02 Aug 2008 06:05:26 GMT

Business Briefing | Economy: Forecasters Predict a Slowdown in India Sat, 02 Aug 2008 04:03:20 GMT
India’s central bank has released a report predicting an economic slowdown, rising inflation and dwindling corporate profit growth over the next nine months.

Business Briefing | Finance: Regulators Take Over Failing Bank in Florida Sat, 02 Aug 2008 06:09:00 GMT
First Priority Bank of Bradenton, Fla., was closed by state regulators on Friday, the eighth bank to collapse this year as lenders grapple with failed loans stemming from a slump in home prices.

Weekend Reading: Are Tech I.P.O.’s Necessary? Fri, 01 Aug 2008 19:14:02 +0000
Technology bankers in Silicon Valley must be really bored these days. Not a single technology company went public in the second quarter of this year, according to the National Venture Capital Association. That is the first tech-free I.P.O. quarter since 1978. But the drop off in tech-related offerings may stem from advancements in the field as [...]

Live From the Anticlimactic Yahoo Meeting Fri, 01 Aug 2008 18:31:17 +0000
From our colleages at Bits: Yahoo’s long-awaited but ultimately anticlimactic shareholder meeting has been going on for an hour, and all bets are off as to just how heated the exchange with investors will become. Already during the official business portion of the meeting, Yahoo’s leaders have been blasted by shareholders for the company’s practices in [...]

Roll Call to Buy Internet Lobbying Services Firm Fri, 01 Aug 2008 16:51:43 +0000
Roll Call Group, the publisher of Washington’s Roll Call newspaper, said on Friday that it has acquired Capitol Advantage, an Internet lobbying services provider, for $43 million. Roll Call Group is owned by The Economist Group, which also publishes The Economist magazine. Capitol Advantage, based in Fairfax Va., may be little known outside of the Washington lobbying [...]

Zut Alors! Hold That Headline Fri, 01 Aug 2008 16:43:21 +0000
The champagne was chilled, the reporters were summoned, and the triumphant music was all but cued up. But, like in the movies, Europe’s largest power generator, Électricité de France, known as EdF, was apparently stood up at the last moment by its presumptive nuclear power partner, British Energy. It was a shock, judging from some [...]

Citi’s Asia Pacific Institutional Chief to Leave Fri, 01 Aug 2008 16:11:09 +0000
Another high-level executive has left Citigroup. Robert Morse, the chief executive of the banking giant’s institutional clients group for Asia Pacific, has left the firm “to pursue other opportunities,” the firm said on Friday. Last week, Citi said that Michael Klein, the chairman of the institutional clients group and one of the firm’s highest-profile bankers, was [...]

Take Away Their Menthols? Is That Cool? Sat, 02 Aug 2008 06:30:44 GMT

Proposed Bill Would Finalize Sunscreen Labeling Rules Sat, 02 Aug 2008 06:39:59 GMT
The proposed Sunscreen Labeling Protection Act of 2008, sponsored by Senators Christopher Dodd and Jack Reed, would compel the F.D.A. to finalize labeling rules on sunscreen.

Companies Stand by MS Drug After Illnesses Sat, 02 Aug 2008 05:58:37 GMT
Biogen Idec Inc. and Elan Corporation defended Tysabri on Friday, saying the treatment is still worth the risk to patients.

Despite Flaws, Rights in China Have Expanded Sat, 02 Aug 2008 06:24:52 GMT
Political change in China, however gradual and inconsistent, has made it a significantly more open place for many people than it was a generation ago.

News Analysis: China’s Leader Meets the Press, but Only on His Country’s Very Narrow Terms Sat, 02 Aug 2008 04:07:03 GMT
President Hu Jintao’s press conference on Friday was the first he has held in Beijing in the six years he has served as China’s top leader.

As Tensions Rise for Egypt’s Christians, Officials Call Clashes Secular Sat, 02 Aug 2008 05:24:52 GMT
A monk at the Abu Fana Monastery wore a neck brace this week after a violent clash at the monastery in May.

Afghan Bombings Kill 5 Soldiers and Interpreter Sat, 02 Aug 2008 04:12:36 GMT
At least four Americans were among those killed by what the Taliban claimed was a remote-controlled bomb.

U.S. Presses Pakistan on Control of Its Spy Agency Sat, 02 Aug 2008 04:06:23 GMT
Pressure from Washington comes as relations between India and Pakistan are deteriorating following reports of the Pakistani spy service’s involvement in the bombing of the Indian Embassy in Afghanistan.

Police Question Olmert in Corruption Inquiry Sat, 02 Aug 2008 04:17:08 GMT
The prime minister of Israel, Ehud Olmert, underwent a fourth round of police questioning.

U.S. Sub May Have Leaked Radiation Sat, 02 Aug 2008 05:56:27 GMT
The U.S. Navy has warned that a nuclear submarine may have had radioactive leaks during recent port calls in Japan’s south, the country’s Foreign Ministry said.

Olympic Organizers to Weigh Unblocking More Web Sites Sat, 02 Aug 2008 05:11:33 GMT
A handful of sites were opened to reporters on Friday and a working group is now examining other sites, one by one, to determine if other sites should be available.

Russia Will Address Doping Bans After the Games Sat, 02 Aug 2008 05:50:01 GMT
The middle-distance runner Yelena Soboleva was suspended.

Terror Trial Nears End as Defense Rests Case Sat, 02 Aug 2008 04:37:19 GMT
Defense lawyers for Salim Hamdan, Osama bin Laden’s former driver, rested their case after less than two days, bringing testimony to a close in the first American war crimes trial since World War II.

World Briefing | The Americas: Brazil: Fund Is Created to Protect Amazon Rain Forest Sat, 02 Aug 2008 04:09:31 GMT
President Luiz Inácio Lula da Silva signed a decree on Friday formally creating the Amazon Fund to fight deforestation of the world’s largest rain forest.

World Briefing | Europe: Britain: London Bombing Trial Ends Without Verdict Sat, 02 Aug 2008 04:08:41 GMT
After more than two weeks of deliberations, a jury was dismissed after failing to reach a verdict in a trial of three men accused of being accomplices in the 2005 bombings on the London transit system.

World Briefing | Europe: Britain: Suspect Acquitted in TV Figure’s Murder Sat, 02 Aug 2008 04:08:59 GMT
A London jury acquitted Barry George, 48, on Friday in his second trial for the 1996 killing of Jill Dando, one of Britain’s most popular television anchors.

World Briefing | Africa: Sudan: Aid Group Pulls Workers From Darfur Sat, 02 Aug 2008 04:09:47 GMT
The aid group Doctors Without Borders said Friday that it had been forced to pull staff members from two areas in the war-torn Darfur region because of attacks against them.

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