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Stocks sank Wednesday as oil breached $123 per barrel, fanning investors’ concerns about the effects of rising prices on already strapped consumers.

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Entrepreneurial Edge: In Place of Fatigues, Business Suits

20 Aug 2008 21:57:22 | By JAMES FLANIGAN | Entrepreneurship,Veterans,University of California,Syracuse University,Texas A&M University,Florida State University
Entrepreneurial boot camps at several universities are teaching disabled veterans the skills needed to start and expand small businesses and help them find financing for their ideas.


BJ’s Posts Higher Profit and Raises Outlook

20 Aug 2008 21:04:52 | By THE ASSOCIATED PRESS
The nation’s third-biggest warehouse club said sales in the second quarter rose almost 18 percent as frugal shoppers sought deals amid the slumping economy.


Big Dreams for North Korean Industrial Park

20 Aug 2008 19:55:51 | By MARTIN FACKLER | Kaesong North Korea,South Korea,Economic Conditions and Trends
South Koreans hope to turn the Kaesong Industrial Park into a capitalist foothold that might some day undermine the Stalinist North Korean state.


F.D.I.C. Moves to Help IndyMac Borrowers

20 Aug 2008 19:14:01 | By THE ASSOCIATED PRESS
Thousands of homeowners with distressed mortgage loans linked to the failed lender IndyMac may soon be able to avoid foreclosure under a program announced Wednesday by banking regulators.


Magazine Preview: How Obama Reconciles Dueling Views on Economy

20 Aug 2008 17:16:58 | By DAVID LEONHARDT | Obama, Barack,United States Economy,Economic Conditions and Trends,Economics,Presidential Election of 2008,Politics and Government,Income Inequality,Elections,Layoffs and Job Reductions,Democratic Par
Barack Obama is both more left-wing and more right-wing than many people realize. A 15-year debate among economics experts in the Democratic Party helps explain why.


Company Ordered to Give Test Drug to Teenager

20 Aug 2008 16:31:50 | By THE ASSOCIATED PRESS
A federal judge has ordered a research company to supply an experimental drug to a 16-year-old Minnesota boy who is terminally ill with muscular dystrophy.


Report Suggests Breakup of British Airport Operator

20 Aug 2008 12:54:54 | By MATTHEW SALTMARSH | BAA Plc|BAAPY|other-OTC,Great Britain,Antitrust Actions and Laws
British competition authorities called for the breakup of BAA in a preliminary report that recommended the sale of two of its three airports serving London and one in Scotland.


BJ’s Posts Higher Profit and Raises Outlook

20 Aug 2008 12:39:36 | By THE ASSOCIATED PRESS
The retailer said profit edged up in the second quarter and sales rose almost 18 percent as frugal shoppers sought deals at discounters.


‘Mad Dog’ Joining Sirius XM

20 Aug 2008 06:38:18 | By RICHARD SANDOMIR | Radio,Sirius XM Radio|SIRI|NASDAQ,Russo, Chris,Francesa, Mike,Stern, Howard,Athletics and Sports
On Tuesday, Chris Russo of WFAN became the star, director and executive producer of Mad Dog Radio.


Bloomberg Offers Windmill Power Plan

20 Aug 2008 05:06:43 | By MICHAEL BARBARO | Wind,Windmills,Energy and Power,New York City,Bloomberg, Michael R
Mayor Michael R. Bloomberg is seeking to put wind turbines on New York City’s bridges and skyscrapers and in its waters as part of a push to develop renewable energy.


EBay Is Planning to Emphasize Fixed-Price Sales Format Over Its Auction Model

20 Aug 2008 04:35:22 | By LAURIE J. FLYNN | eBay Inc|EBAY|NASDAQ,Auctions,Computers and the Internet,Amazon.com Inc|AMZN|NASDAQ
The move is just one of the changes eBay has made in the last few months aimed at reducing its dependence on its auction business, which is growing more slowly than fixed-price sales.


Palm, Once a Leader, Seeks Path in Smartphone Jungle

20 Aug 2008 04:30:58 | By LAURA M. HOLSON | Palm Inc|PALM|NASDAQ,Smartphones,Wireless Communications,Apple Inc|AAPL|NASDAQ,Research in Motion Ltd|RIMM|NASDAQ,Rubinstein, Jon
Palm is trying to revive itself as business users have embraced the BlackBerry and consumers have fell in love with the iPhone.


Jack C. Landau Is Dead at 74; Fought for Rights of News Reporters

20 Aug 2008 02:52:48 | By DOUGLAS MARTIN | News and News Media,Deaths Obituaries,Freedom of the Press,Landau, Jack C.,News Sources, Confidential Status of
Landau called himself a “First Amendment guerrilla,” and used his education as a lawyer in advocacy for journalists around the country.


Some Investors Say U.S. Bailout of Housing Giants Is Inevitable

20 Aug 2008 02:07:43 | By CHARLES DUHIGG and VIKAS BAJAJ | Fannie Mae|FNM|NYSE,Freddie Mac|FRE|NYSE,Mortgages,Treasury Department
Financial conditions are continuing to worsen at Fannie Mae and Freddie Mac, leading some investors to prepare for a government bailout of the housing giants.


Home Repairs Become Focus as Consumers Feel Pinched

20 Aug 2008 02:07:38 | By STEPHANIE ROSENBLOOM | Home Repairs and Improvements,Sales,Home Depot Inc|HD|NYSE,Lowe s Companies|LOW|NYSE
With the housing market in the doldrums and inflation running at a pace unseen in nearly two decades, consumers are not buying new homes. Instead they are focusing on repairs.


Clinical Trial Touches Off Drug Access Fight

20 Aug 2008 02:07:28 | By THE ASSOCIATED PRESS | Muscular Dystrophy,Drugs Pharmaceuticals,Tests and Testing
A family says a drug company led them to believe that their 16-year-old son could participate in a clinical trial for an experimental muscular dystrophy drug, but then went back on its word.


Leader of the Carlyle Group to Leave Post in September

20 Aug 2008 02:07:26 | By MICHAEL J. de la MERCED | Carlyle Group,Gerstner, Louis V Jr,Private Equity
The Carlyle Group said that Louis V. Gerstner Jr., the former I.B.M. chief who became the private equity firm’s chairman five years ago, would step down from that post on Sept. 30.


World Business Briefing | Asia: Japan: Gloomy Economic Assessment

20 Aug 2008 02:06:51 | By REUTERS | Japan,Economic Conditions and Trends
The Bank of Japan delivered its bleakest assessment of the economy since the 1997-98 Asian financial crisis.


World Business Briefing | Africa: South Africa: Diamond Prices Up 16%

20 Aug 2008 02:06:51 | By DOW JONES | Diamonds,Prices Fares, Fees and Rates,De Beers Group
De Beers, the world’s largest producer of rough diamonds, said prices had increased an average of 16 percent since the beginning of the year.


Cost-Cutting Lifts Medtronic’s Earnings

20 Aug 2008 02:06:51 | By REUTERS | Medtronic Inc|MDT|NYSE,Company Reports,Heart
Medtronic, the medical device maker, reported higher-than-expected quarterly earnings, citing cost savings and strong overseas sales of its devices to treat heart conditions.




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