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  • Companies begin quest for oil, gas off Fla. coast (AP) -

    In this March 28, 2006 file photo, the Discoverer Deep Seas drill ship sits on station off the coast of Louisiana as Chevron drills for oil in the Gulf of Mexico.  If oil or natural gas deposits are found in the newly opened region off Florida's Panhandle, experts say it could further the push to explore other once-protected areas everywhere. (AP Photo/Alex Brandon, File)AP - Oil companies once viewed drilling in the deep waters off Florida as cost prohibitive. Politicians feared even the slightest sign of support would be career suicide.


  • Ruined by 401[k] Predators (BusinessWeek Online) - BusinessWeek Online - Stan Morrill was confident his nestegg would provide for him and his wife for the rest of their lives. After all, the Eastman Kodak veteran, a factory worker for 31 years, had attended the free financial seminar recommended to him by co-workers. Morrill says the host, Michael J. Kazacos, one of Morgan Stanley's top brokers, dazzled him with a plan that would let him retire at 49. Morrill just had to roll over his pension and 401(k) into a tax-deferred account managed by Kazacos. ...
  • Small-cap stock run could herald broader recovery (AP) -

    Specialist Thomas Facchine, center, directs trading at his post on the floor of the New York Stock Exchange, Thursday July 3, 2008. Stocks fluctuated in volatile trading Thursday after a private research group reported that the nation's services sector contracted last month and as investors absorbed a mostly tame report on employment. (AP Photo/Richard Drew)AP - Even as Wall Street skids lower almost by the day, and the major indexes have touched the levels of a bear market, some analysts are actually finding some signs in the performance of small-company stocks that might be pointing to the early stages of a much broader recovery.


  • Alabama likely site of new VW plant: paper (Reuters) - Reuters - The U.S. State of Alabama will be the likely home of a new Volkswagen manufacturing plant, beating two other states, German industry newsletter Automobilwoche said on Saturday, citing senior company sources.
  • Housing market seen getting worse (Reuters) -

    A foreclosed home is seen in Stockton, California in this May 13, 2008 file photo. (Robert Galbraith/Reuters)Reuters - An even gloomier scenario may be in store for an already ailing U.S. housing market if the overall economy slips into a recession, according to UBS Securities analysts.


  • Florida Supreme court nixes Indian casino pact (AP) - AP - The Florida Supreme Court on Thursday overturned an agreement Gov. Charlie Crist signed with the Seminole Tribe to expand gambling at its casinos, saying the governor had no right to allow games that are illegal elsewhere in the state.
  • Nebraska Beef Ltd. recall now 5.3 million pounds (AP) -

    The Nebraska Beef plant is seen in Omaha, Neb., Wednesday, July 2, 2008. Nebraska Beef Ltd. is recalling nearly 532,000 pounds of ground beef produced in the past two months because the meat has been linked to an outbreak of E. coli illnesses. The federal government said that some of the Omaha-based company's beef was sold by grocer Kroger Co., and investigators traced the meat to Nebraska Beef after 38 people in Ohio and Michigan became ill. Kroger already recalled beef it sold in those states. (AP Photo/Nati Harnik)AP - Nebraska Beef Ltd. is expanding a recall announced earlier this week to include all 5.3 million pounds of meat it produced for ground beef between May 16 and June 26.


  • Hyundai union calls for work stoppage next week (Reuters) -

    An employee talks on a phone at a Hyundai automobile shop in Seoul April 24, 2008. Unionized employees of Hyundai Motor Co will walk off the job for four hours next week to push for a pay increase, the auto maker's union said on Saturday. (Jo Yong-Hak/Reuters)Reuters - Unionized employees of Hyundai Motor Co (005380.KS) will walk off the job for four hours next week to push for a pay increase, the auto maker's union said on Saturday.


  • Travel experts: US share of foreign tourists slips (AP) -

    Hip-hop artist Darryl 'DMC' McDaniels poses with NYC Ducks' mascot Captain Henry at the 40th annual International Pow Wow held at Las Vegas Convention Center in Las Vegas, Wednesday, June 4, 2008. Tourism to the United States has rebounded after the Sept. 11, 2001, terrorist attacks virtually shut down traffic, but industry professionals worry that international visits have increased too slowly, keeping the country out of a global travel boom. (AP Photo/Jae C. Hong)AP - Despite the weak U.S. dollar, a boom in international travel around the world hasn't translated into an explosion of foreign tourists to the United States.


  • Merrill nears deal to sell Bloomberg stake: report (Reuters) -

    A Merrill Lynch sign is seen in Toronto, April 29, 2008. (Mark Blinch/Reuters)Reuters - Merrill Lynch & Co may sell its 20 percent stake in financial news and data provider Bloomberg LP to a blind trust controlled by New York City Mayor Michael Bloomberg, The New York Post reported on Friday.


  • Spud farmer returns to roots to help Afghans (AP) -

    This November 2006 photo provided by CNFA shows one of about 50 root cellars built in Bamiyan, Afghanistan, according to a design by Idaho potato farmer Pat Rowe.  Rowe, a veteran of nearly 30 U.S. government supported agricultural development missions, used root cellars common in Idaho's famous potato country in the 1930s and 1940s as a model to help Afghan farmers develop more storage capacity for their own tubers. Rowe was mentioned in a June 12 speech by Laura Bush in Paris for his work helping farmers in Afghanistan grow legitimate crops, not illicit opium poppies. (AP Photo)AP - To help poor Afghani villagers make money on potatoes instead of opium poppies, Idaho farmer Pat Rowe used a little old technology: root cellars.


  • Farmers say salmonella scare has hurt tomato sales (AP) -

    In this Friday, June 13, 2008 file photo, tomatoes ripen on the vine in Hanover County, Va.  Since a salmonella scare has caused many customers to shun what's normally a summer favorite, tomato farmers across the nation have had to plow under their fields and leave their crop to rot in packinghouses. (AP Photo/Steve Helber)AP - Expect fewer slices of red, ripe tomatoes next to the grill this holiday weekend.


  • Sony PS3 Update Locks Consoles, Web Site Attacked (NewsFactor) - NewsFactor - Sony is feeling some gaming-division woes this week with a double PlayStation 3 whammy. First, Sony's PlayStation Web site fell victim to SQL-injection attacks. Now Sony's PS3 firmware update is turning some consoles into bricks.
  • Gas prices hit another high for holiday weekend (AP) -

    A sign displaying gas prices is seen in Los Angeles on Thursday, July 3, 2008.  Fewer Californians are expected to travel during this year's Independence Day weekend because of record-high gas prices and high airfares, according to an AAA travel survey.  (AP Photo/ Matt Sayles)AP - Fireworks aren't the only thing skyrocketing on this Fourth of July. The price of gas has hit another all-time high.


  • Tax credit to save UBS from hefty loss (Reuters) -

    The logo of Swiss bank UBS AG is pictured at one of its buildings in Lucerne April 4, 2008. (Michael Buholzer/Reuters)Reuters - Battered Swiss bank UBS said on Friday it should be saved from another hefty loss in the second quarter by a large tax credit, giving a much-needed though short-lived boost to its share price.