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BUSINESS
Business: World
Optimism as Harare rivals begin talks SENIOR negotiators from Zimbabwe’s main opposition MDC and the ruling Zanu (PF) party began talks yesterday and were close to reaching a deal on forming a unity government. 

You were warned to keep your tinfoil hat on ...HERE’S an updated version of the Voight-Kampff test from Ridley Scott’s Blade Runner movie. Instead of identifying replicants, however, these questions sort the financial optimists from the reali…

Obama seeks to strengthen frayed US ties ...BERLIN — US presidential candidate Barack Obama urged Europe to stand by the US in stabilising Afghanistan in a speech to more than 200000 in Berlin that stressed the need for unity in the face of n…

Oil survey says Arctic reserves may rival ...WASHINGTON — The Arctic may hold 90-billion barrels of oil, more than all the known reserves in Nigeria, Kazakhstan and Mexico , and enough to supply US demand for 12 years, the US Geological Survey…

Australian Prime Minister revives plans to ...CANBERRA, AUSTRALIA - Prime Minister Kevin Rudd, who won international applause for apologizing to Aborigines for past wrongs, has revived plans to have Australia’s indigenous people recognized in t…

Japanese, Mongolian scientists recover ...TOKYO - Japanese and Mongolian scientists have successfully recovered the complete skeleton of a 70-million-year-old young dinosaur, a nature museum announced today. 

Obama walks Mideast tightrope  SDEROT — US presidential hopeful Barack Obama endorsed Israel’s right to defend itself against rockets fired from Gaza while visiting a battered town yesterday during a short but event-filled visi…

Senator warns on Iran threat SDEROT — US Democratic presidential candidate Barack Obama said yesterday a nuclear Iran would pose a “grave threat” and that the world must stop Tehran from obtaining an atomic weapon. 

Bush backs off from threat to veto rescue ...WASHINGTON — The Bush administration yesterday withdrew its veto threat on a rescue plan for Fannie Mae and Freddie Mac that includes a measure to provide $3,9bn to communities for the purchase of f…

BUSINESS
LA Times
Ovitz settles suit against billionaire BurkleEx-Walt Disney Co. president and Hollywood power broker Michael Ovitz settled a multimillion-dollar lawsuit involving online business opportunities filed against billionaire supermarket mogul Ronald W…

Shopping center magnate invokes 5th ...Peter Lowy, a Beverly Hills-based official of Australia's Westfield Group, refuses to testify before a subcommittee probing the use of overseas banks to shelter money from U.S. taxes. WASHINGTON -- Be…

New home sales drop fall less than expectedWASHINGTON -- Sales of new homes fell in June for the seventh time in the past eight months, but the decline was less than had been expected, raising faint hopes that the nation's severe housing reces…

Honda reports record fiscal first quarter ...TOKYO -- Honda Motor Co. reported record profit for a fiscal first quarter as sales growth in new markets offset the damage from a stronger yen and soaring material costs.

Stocks advance on upbeat economic reportsNEW YORK -- Upbeat economic data lifted stocks today, placating a market pummeled a day earlier by concerns about housing and the financial sector.

New home sales drop 0.6% in JuneWASHINGTON -- Government data show sales of new homes fell in June for the seventh time in the past eight months in further evidence that the nation is still in the grips of the worst housing slump in…

Netflix profit up 4%, beats analyst viewsSAN FRANCISCO -- Netflix Inc.'s second-quarter profit edged up 4 percent, beating analyst expectations as the online DVD rental leader signed up 168,000 new customers while spending less money to attr…

Stocks up in early going after durable goods ...NEW YORK -- Stocks rose modestly today after the government reported that orders for big-ticket items rose at the fastest pace in four months, sharply higher than analysts expected.

Japanese shares plunge on U.S. stock losses ...The Nikkei is down nearly 2%. Honda shares drop, but after trading the company reports record profit. TOKYO — Japanese stocks fell sharply Friday as Wall Street's overnight plunge renewed lingering…

BUSINESS
Business & Finance
Leistungszentrum TV GroÃwallstadt: âWir ...Handball-Hallen, Sportklinik, Geschäfte und ein Internat: In Großwallstadt entsteht ein fünfgeschossiger Gebäudekomplex, der dem ansässigen Handballverein zu alter Größe verhelfen soll. Auf dem…

Rot-Weià Erfurt - Dynamo Dresden: Dresden ...Der Gewinner des ersten Spiels der neuen dritten Liga steht fest: Dynamo Dresden gewann gegen Rot-Weiß Erfurt durch ein Tor von Savran. Spätestens nach der Pause behielt das Gästeteam das Spiel geg…

Kommentar: Der Rat der AltenCDU, SPD, Grüne und FDP im Römer wollen die Rolle des Seniorenbeirats stärken und dessen Mitglieder stärker in die parlamentarische Arbeit einbinden. Klingt überzeugend, doch so gut gemeint der V…

Händler von Chevrolet: Allein im AutohausGeneral Motors steckt in einer schweren Krise: Hohe Benzinpreise machen seine Spritschlucker-Marke Chevrolet zum Luxus. Ein Besuch bei Händlern liefert dafür einen traurigen Beleg. In den Häusern i…

Tour de France: Schäuble gegen Ãbertragung ...Der Bundesinnenminister forderte die öffentlich-rechtlichen Fernsehanstalten auf, angesichts der jüngsten Doping-Skandale aus der Live-Berichterstattung über das Radrennen auszusteigen. FAZ.NET - H…

Ausstellung "Launen des Olymp": Die Göttin ...Auf zum Rendezvous mit Athena, Marsyas und Apoll: Die Ausstellung „Launen des Olymp“ zeigt griechische Götter, die menschlich handeln. Eine Führung durch die Schau im Rahmen der Reihe „Kunst u…

Spanien: Chavez und Juan Carlos versöhnen ...Die angekündigte Umarmung gab es zwar nicht, aber Venezuelas Präsident und Spaniens König gaben sich Mühe, ihre Differenzen nach dem Eklat auf dem Iberoamerika-Gipfel im November öffentlich beizu…

Designermode: Türkische Schneider auf den ...Billige T-Shirts waren gestern: Die Türkei, das Land der Seidenstraße, nimmt Abschied von der Massenware. Und mausert sich zu einem Standort für Modemarken. Der Wandel war für viele Textilunterneh…

Einkommensverteilung: Die Mittelschicht ...Eine „Verelendung“ der Deutschen ist nicht zu erkennen. Wirtschaftsforscher sehen jedoch den Trend der schrumpfenden Mittelschicht - auch wenn sie Abstiegsängste für unbegründet halten. Der dem…

BUSINESS
Y! Business
US foreclosure filings more than double in ...AP - The number of households facing the foreclosure process more than doubled in the second quarter compared to a year ago, according to data released Friday.
2008:07:25 14:41:51

New home sales fall less than expected ...AP - Sales of new homes fell in June for the seventh time in the past eight months, but the decline was less than had been expected, raising faint hopes that the nation's severe housing recession coul…
2008:07:25 13:26:58

SemGroup's $3.2 billion failure shocks ...Reuters - The dramatic collapse of energy trader SemGroup LP shocked the privately held firm's backers who until last week had little idea of the extent of the oil trading losses that sank it, sources…
2008:07:25 12:04:55

N.M. researchers hope to cultivate 'calming ...AP - The plant has been described by local residents as magical, its qualities almost mythical.
2008:07:25 10:25:29

For Europeans, It's No Car, No Problem ...BusinessWeek Online - FRANKFURT - I bought a car recently, which is noteworthy only because it's the first motor vehicle I've owned since moving to Germany in 1994. That I could happily live car-free…
2008:07:25 08:08:41

New York State sues UBS, alleges ...Reuters - New York Attorney General Andrew Cuomo filed a civil lawsuit on Thursday against UBS AG , accusing the Swiss bank of deceptively steering customers into auction-rate securities that this yea…
2008:07:24 17:10:14

Ford posts $8.7 billion second-quarter loss ...Reuters - Ford Motor Co posted a record $8.7 billion quarterly loss on Thursday as it wrote down the value of slumping truck and SUV operations and revamped plans in a bid to break its reliance on the…
2008:07:24 16:12:14

WaMu shares fall as credit concerns grow ...Reuters - Washington Mutual Inc shares fell as much as 23.4 percent and the cost to insure its debt against default rose after an analyst said some creditors reduced their exposure to the largest U.S.…
2008:07:24 15:39:24

NY AG sues banking giant UBS for securities ...AP - New York Attorney General Andrew Cuomo sued banking giant UBS for fraud Thursday, accusing the company of marketing tens of billions of dollars of auction-rate securities as safe even when they k…
2008:07:24 15:31:02

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BUSINESS
Yahoo! Business
Destination retailers feel gas price pinch ...AP - Consumer spending is down and gas prices are up. That's bad math for the scores of destination retailers across the country that want customers to fill up the tank for a gas-guzzling day of retai…
2008:07:25 17:03:22

Bratz juror dismissed, MGA seeks mistrial ...Reuters - MGA Entertainment Inc will seek a mistrial in the Bratz dolls copyright infringement case it lost to Mattel Inc , after a juror was accused of making racial slurs against MGA Chief Executive…
2008:07:25 16:45:22

Chrysler financial arm to stop leasing ...Reuters - Chrysler LLC said its financing arm would stop offering vehicle leases to U.S. consumers, a sharp break in strategy in response to tighter credit and the plunging resale prices for gas-guzzl…
2008:07:25 16:42:18

GE restructures into four business segments ...Reuters - General Electric Co announced a restructuring on Friday, elevating its fast-growing energy-related business to an independent branch of the second-largest U.S. company by market capitalizati…
2008:07:25 16:41:12

Market rises as data eases economic fears ...Reuters - Stocks rose on Friday as a drop in oil prices, and stronger-than-expected data on consumer sentiment and housing blunted the latest concerns about the health of U.S banks.
2008:07:25 16:31:38

New home sales fall less than expected ...AP - Sales of new homes fell in June for the seventh time in the past eight months, but the decline was less than had been expected, raising faint hopes that the nation's severe housing recession coul…
2008:07:25 13:26:58

Consumers, home sales paint less gloomy ...Reuters - Consumer sentiment rebounded in July from a 28-year low and business investment rose unexpectedly last month, according to data on Friday that showed rare signs of resilience for the U.S. ec…
2008:07:25 11:24:17

Economy - Thursday (Investor's Business ...Investor's Business Daily - Home loan rates rose sharply over the past week amid inflation fears, a rebound in stocks and Treasury yields, and tighter credit standards. The 30-year fixed-rate mortgage…
2008:07:24 18:38:09

BUSINESS
E-Business
Senators Threaten Ban On 'Net Data ...Senators Dick Durbin and Tom Coburn ask Microsoft CEO Steve Ballmer, Yahoo CEO Jerry Yang, and Google chief Eric Schmidt to not help censor or repress Internet users.

Microsoft 'Done' With Yahoo, Ballmer SaysThe Microsoft CEO dismissed Yahoo as a major player in the Internet business, despite previously offering more than $40 billion for the company.

Fugitive 'Spam King' Found Dead With FamilyDavidson reportedly forced his wife to help him leave the minimum-security federal prison in Colorado where he was serving time for his role in spam scams.

Android, Symbian Expected To Become One OSAnalyst J. Gold Associates said the merger of the two mobile operating systems will begin within three to six months.

'Spam King' Escapes From PrisonEddie Davidson remains at large after walking away from the Colorado prison where he was serving time for his role in spam scams.

Sprint Sells Cell Towers For $670 MillionThe deal will allow Sprint to focus on its core services and provide a much-needed cash infusion.

San Francisco Computer Tech Set Booby Trap ...Prosecutors say Childs set the network to delete numerous files during a scheduled maintenance of the system.

Microsoft Windows Exec Kevin Johnson Jumps ...Microsoft won't replace Johnson but will split Platforms and Services into two groups that will report directly to CEO Steve Ballmer.

Apple, Psystar Reps To Meet In CourtApple filed its copyright infringement suit against Psystar earlier this month, charging that Psystar has been selling Macintosh clones in violation of Apple's software license.