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G7 countries condemn Russia's actions in Georgia

AP — Wed, 27 Aug 2008 21:36:58 +0000

The Group of Seven industrialized democracies condemned Russia on Wednesday for its actions in Georgia, underlining the country’s growing estrangement from the...

Borders execs plan to build on Q2 progress

AP — Wed, 27 Aug 2008 15:18:50 +0000

Borders Group Inc. shares soared more than 25 percent Wednesday after it posted better-than-expected earnings for the second quarter. But analysts remained leery, saying that tough competition and a weak economy continue to pose big challenges for...

Xbox to sell Warner Music videos for $1.99

AP — Fri, 15 Aug 2008 00:18:45 +0000

Gamers with a hankering to watch music videos will have more choices after Warner Music Group Corp. announced Thursday it is adding its library of videos to Microsoft Corp.’s Xbox 360 game...

Spain downs Germany 72-59 in Olympics basketball

AP — Thu, 14 Aug 2008 03:38:40 +0000

Pau Gasol scored 13 points to help lead world champions Spain to a 72-59 victory over Dirk Nowitzki and Germany in Olympic basketball men’s Group B play.

West warns Russia over military push into Georgia

AP — Wed, 13 Aug 2008 21:14:29 +0000

The West is threatening to revoke Russia’s membership in an elite Group of Eight nations club as punishment for the military incursion into the former Soviet republic of Georgia. Three countries have already pulled out of a joint military exercise with Russian forces that began in an era of cooperation after the Cold War.

Brazil beats Belgium 1-0 in Olympic Group C soccer

AP — Thu, 07 Aug 2008 11:13:46 +0000

Hernanes scored a late goal and Brazil began its quest for a first Olympic gold in soccer with a 1-0 win over Belgium in Group C play.

AIG's huge 2Q loss shows credit market woes linger

AP — Thu, 07 Aug 2008 04:06:05 +0000

American International Group Inc. posted its third straight quarterly loss, a rude awakening to investors hoping that troubles in the insurer’s mortgage market investments were starting to level...

Cogo 2Q profit rises 27 pct despite tough market

AP — Wed, 06 Aug 2008 23:44:39 +0000

Mobile phone designer Cogo Group Inc. posted a 27 percent increase in second-quarter profit Wednesday, matching analyst estimates despite weakening demand in its home market of...

AIG loses more than $5B on credit market troubles

AP — Wed, 06 Aug 2008 22:17:12 +0000

American International Group Inc. said Wednesday that it lost more than $5 billion in the second quarter, as struggling credit markets stripped about $5.6 billion from the value of its credit default swaps...

Top Indian court halts ruling on Islamic group ban

AP — Wed, 06 Aug 2008 15:33:06 +0000

India’s Supreme Court on Wednesday halted a lower court order lifting a ban on an Islamic group that authorities have repeatedly blamed for a string of deadly...