Quote from The Baron Son "Tis not one’s failings alone that produce
self-mastery, but studying the causes of such failure, coupled with
the persistent application of new methods."
2nd-Quarter G.D.P. Revised Higher Gross domestic product increased at a 3.3 percent annual rate in the quarter, the government said, which was much better than its initial estimate.
Stocks Climb on G.D.P. Data Wall Street rose in early trading after a better-than-expected reading on the nation?s economy and a drop in jobless claims.
Oil Rises on Gulf Storm Worries Oil prices rose above $119 a barrel Thursday on fears that Tropical Storm Gustav could strengthen on its way toward crude and natural gas rigs in the Gulf of Mexico and refineries in the region.
Sears Struggles Continue; Profit Falls 62% The retailer also delivered a downbeat outlook, predicting that its sales and gross profit margins will continue to be pressured amid a difficult economic environment.
Toyota Cuts Sales Goal Toyota lowered its global sales target for 2009 by 700,000 vehicles to 9.7 million Thursday, citing gas prices and the slow down of the economy.
U.S. to Ease Pressure Tactic Over Legal Help for Employees The Justice Department will roll back a set of rules that penalized companies if they insisted on paying employees? legal fees or protecting their confidential communications with corporate lawyers.
Xcel to Disclose Global Warming Risks The New York attorney general announced an agreement that would require Xcel Energy, a builder of coal-fired plants, to disclose to investors the financial risks of global warming.
Industry Rethinks Moneymaking Software Practice Before they ship PCs to retailers like Best Buy, computer makers get paid hundreds of millions of dollars to load them up with lots of free software. For $30, Best Buy will get rid of it for you.
Amgen Alters Anemia Drug Discounts The company is halting some pricing practices that critics say were contributing to overuse of its flagship anemia drug Aranesp at a time of mounting concerns about the product?s safety.
MBIA to Aid Troubled Bond Insurer MBIA agreed to take control of nearly $200 billion of municipal bonds currently backed by a rival bond insurer, in a move that could help its competitor avoid bankruptcy.
3 Executives Are Leaving Fannie Mae Fannie Mae said three of its top executives were leaving as the company tries to cope with mounting losses from the troubles in the housing market.
Chrysler Explores Sale of Dodge Viper Unit The automaker said it was considering options for the sports car unit as it tries to raise cash to ride out a deepening industry downturn in the United States.
China and Iraq Reach $3 Billion Oil Deal China and Iraq have signed a $3 billion deal revising a deal for China?s biggest oil company to help develop an oil field, according to the Iraqi Embassy in Beijing.
Research Company Loses One Suitor and Rejects Another The British market research company Taylor Nelson Sofres rejected again a hostile bid from the WPP Group, but analysts said the company would have difficulty evading WPP.
