Vancouver Star
VancouverStar.com Thursday 21st August 2008 Volume 5/34
Front Page Breaking Business News
Wall Street traders remain hesitant


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Stocks remained directionless on Wall Street Thursday as uncertainty continued over the future of mortgage giants Fannie Mae and Freddie...


Fannie Mae CEO answers hard questions
Investors reckon that Fannie Mae and Freddie Mac are running on borrowed...


Nintendo sued by American electronics company
Nintendo's hit Wii console with its wandlike remote controller has been sued by a U.S. technology company....


Continental-Schaeffler deal seems set
Auto parts maker Continental AG has ended a standoff over a takeover bid from smaller rival Schaeffler...


Scientists find new ways to convert ethanol into hydrogen
Scientists have found a way to convert ethanol and other biofuels into hydrogen very efficiently, by using a new catalyst that makes hydrogen from ethanol with 90 percent yield, at a workable temperature, and using inexpensive...


Bratz vs Barbie trial winding up
A federal trial pitting the maker of Bratz dolls against the house of Barbie could cost MGA Entertainment up to $2 billion....


Saudi stock exchange welcomes foreign investors
Saudi market authorities have approved a new law that will allow non-resident foreign investors to invest in Saudi Arabia's stock...


BAE signs UK defence deal
BAE Systems has signed a 15-year deal with the UK Ministry of Defence to supply the UK armed forces with small arms and medium-calibre...


Gulf oil earnings to touch record $562 bn in 2008
Oil producing nations in the Gulf will earn a record $562 billion by the end of this year, as oil prices are expected to remain above $100 a barrel, according to a new...


US stocks rise on energy, overcoming Fannie-Freddie slump
Major US stock indices improved Wednesday on the back of gains in energy and metal shares, while new mortgage-market fears weighed heavily on financial...


Musharraf was on Qaeda
New York, Aug 21 : During his seven-year rule as President of Pakistan, Pervez Musharraf defused tensions with India and also cut off terror infiltration routes across Kashmir, and "due to such co-operation, he was at the top of Al Qaeda's target list and dodged three assassination attempts," said an editorial in the Wall Street Journal...


Oil jumps $5 on U.S.-Russia tensions, sliding dollar
Are you a gourmet who has had to come up with creative ways to cut costs as food prices soar? How do you shop for and prepare meals on a budget? Contact Jennifer Davies...


Wal-Mart in settlement with former exec Coughlin
Stock Buzz ) said on Thursday it had reached a settlement with its former vice chairman, Tom Coughlin, avoiding a trial that was set to begin this week regarding the executive's retirement...


Bold makes lower-key debut than iPhone
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Microsoft plays it too safe with Seinfeld choice
As funny as Seinfeld is, his show's been off the air for 10 years. True, it is still in mega syndication, but that only tends to reinforce the sense of "legacy" that...


U.S. jobless claims fall again but still high
Are you a gourmet who has had to come up with creative ways to cut costs as food prices soar? How do you shop for and prepare meals on a budget? Contact Jennifer Davies...


Treasurys slip after jobless data, oil price jump
Are you a gourmet who has had to come up with creative ways to cut costs as food prices soar? How do you shop for and prepare meals on a budget? Contact Jennifer Davies...


US stocks fall on unease about financials
Stocks resumed their pullback Thursday as a surge in oil prices fanned inflation concerns and as investors grew more anxious about the financial sector.Oil jumped as investors questioned whether...


Obama outspends McCain in July by 5-3 ratio
Are you a gourmet who has had to come up with creative ways to cut costs as food prices soar? How do you shop for and prepare meals on a budget? Contact Jennifer Davies...


Microsoft site makes digital photos into panoramas
SEATTLE Digital cameras have liberated awe-struck travelers and proud parents from worrying about the price of film processing. But showing off those megapixels of memories is still reminiscent of...


Chicago Tribune names managing editor
Are you a gourmet who has had to come up with creative ways to cut costs as food prices soar? How do you shop for and prepare meals on a budget? Contact Jennifer Davies...


Corel hints at possible sale
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Saks shares up on fresh reports of Baugur interest
Are you a gourmet who has had to come up with creative ways to cut costs as food prices soar? How do you shop for and prepare meals on a budget? Contact Jennifer Davies...


Microsoft to build $500 million data center in Central Iowa
will build a $500 million data center in West Des Moines, Iowa. The data center will house large-scale, worldwide web services for the Redmond computer giant’s (NASDAQ: MSFT) online services...


TMX Group CEO seeks to beef up equity derivatives
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Tesco sells property as it eyes expansion
Are you a gourmet who has had to come up with creative ways to cut costs as food prices soar? How do you shop for and prepare meals on a budget? Contact Jennifer Davies...


Microsoft calls on Seinfeld to boost Windows
San Francisco - Microsoft is to pay comedian Jerry Seinfeld 10 million dollars to star in a 300-million-dollar advertising campaign for its Windows Vista operating system. The campaign, which is one...


European stocks mostly lower
EUROPEAN stock markets closed mostly lower today, with London's FTSE 100 index holding up best to show a loss of just 0.03 per cent at 5370.20...


Gold remains flat at Rs 11,910
NEW DELHI: Gold prices were almost flat at Rs 11,910 per 10 gram, lower by Rs 10 on the bullion market today on restricted purchases by retail investors. However, silver fell down by Rs 640 to...


Community colleges boom as economy weakens
Whitney Daniels of Matthews, Va., had hoped to attend a four-year state school this fall, but the recent performance of stock markets diminished her family's college fund. She and her mom, Debbie,...


Doctors can refuse to provide abortions
Are you a gourmet who has had to come up with creative ways to cut costs as food prices soar? How do you shop for and prepare meals on a budget? Contact Jennifer Davies...


Heinz gains, Hormel hurts on high costs in quarter
All Associated Press news MILWAUKEE (AP) - Rising commodity costs kept weighing on food makers H.J. Heinz Co. and Hormel Foods Corp. in the most recent quarter, even as consumers continued to swallow...


Swiss cement maker Holcim 2Q profit sinks
Are you a gourmet who has had to come up with creative ways to cut costs as food prices soar? How do you shop for and prepare meals on a budget? Contact Jennifer Davies...


Frontier to add fee for frequent-flier tickets
Are you a gourmet who has had to come up with creative ways to cut costs as food prices soar? How do you shop for and prepare meals on a budget? Contact Jennifer Davies...


Phillips-Van Heusen declines on 3rd-qtr outlook
All Associated Press news NEW YORK (AP) - Shares of Phillips-Van Heusen Corp. slipped Thursday, after the apparel company forecast third-quarter results below Wall Street expectations, saying it will...


GM to invest $500 million in U.S. plant to build new compact
Are you a gourmet who has had to come up with creative ways to cut costs as food prices soar? How do you shop for and prepare meals on a budget? Contact Jennifer Davies...


Massachusetts, Merrill settle auction-rate dispute
Are you a gourmet who has had to come up with creative ways to cut costs as food prices soar? How do you shop for and prepare meals on a budget? Contact Jennifer Davies...


JDS Uniphase shares sink after 4Q miss
All Associated Press news SEATTLE (AP) - Shares of JDS Uniphase Corp. plummeted Thursday, a day after the communications equipment provider posted a wider loss in its fiscal fourth quarter and missed...


Economy remains stuck in low gear
Are you a gourmet who has had to come up with creative ways to cut costs as food prices soar? How do you shop for and prepare meals on a budget? Contact Jennifer Davies...


Hot Topic shares fall after 2Q report
All Associated Press news NEW YORK (AP) - Shares of Hot Topic Inc. fell on Thursday, after the teen apparel retailer reported a second-quarter loss and said August same-store sales were below...


Markets await Bernanke as central bankers gather
Are you a gourmet who has had to come up with creative ways to cut costs as food prices soar? How do you shop for and prepare meals on a budget? Contact Jennifer Davies...


Patterson Cos. 1Q revenue rises, profit declines
All Associated Press news ST. PAUL, Minn. (AP) - Patterson Cos. Inc., a distributor of dental and veterinary products, reported Thursday a rise in revenue in its fiscal first quarter, but profit...


30-year mortgages dip slightly to 6.47 percent
Are you a gourmet who has had to come up with creative ways to cut costs as food prices soar? How do you shop for and prepare meals on a budget? Contact Jennifer Davies...


Home foreclosures hit new record in July
Are you a gourmet who has had to come up with creative ways to cut costs as food prices soar? How do you shop for and prepare meals on a budget? Contact Jennifer Davies...


Ship Finance profit jump 80 percent
All Associated Press news MINNEAPOLIS (AP) - Oil tanker owner and operator Ship Finance International Ltd. said on Thursday that its second-quarter profit jumped 80 percent, helped by a strong market...


VMware to get hypervisor certified by Microsoft
The Windows Protection Zone Total confidence is just around the corner with Symantec Solutions for Windows. Find out how this integrated platform of market-leading products and services can help you...


Gap Inc names Tom Wyatt president of Old Navy
Are you a gourmet who has had to come up with creative ways to cut costs as food prices soar? How do you shop for and prepare meals on a budget? Contact Jennifer Davies...


Wal-Mart settles with ex-exec
BENTONVILLE, Ark. (AP) -- Wal-Mart Stores Inc. has settled a lawsuit it filed to avoid paying millions of dollars in a retirement package for former executive Tom Coughlin, court officials and...


Anxiety Over Fannie, Freddie Rescue
(AP) A government rescue of Fannie Mae and Freddie Mac could be costly for scores of investment, banking and insurance companies that hold billions in preferred shares of the mortgage finance giants...


FAA says it will review Eclipse very light jets
Are you a gourmet who has had to come up with creative ways to cut costs as food prices soar? How do you shop for and prepare meals on a budget? Contact Jennifer Davies...