The employees of Fannie Mae and Freddie Mac are reeling from financial blows as the mortgage finance companies lurch toward what could be a government bailout.<br/><br/><span class="advertisement"> <a href="http://www.pheedo.com/click.phdo?x=b4d3f98f99d448c0ae34d28d64593f7b&u=http://www.nytimes.com/2008/08/29/business/29fannie.html"><img src="http://www.pheedo.com/img.phdo?x=b4d3f98f99d448c0ae34d28d64593f7b&u=http://www.nytimes.com/2008/08/29/business/29fannie.html" border="0"/></a></span>
Gross domestic product increased at a 3.3 percent annual rate in the quarter, the government said.<br/><br/><span class="advertisement"> <a href="http://www.pheedo.com/click.phdo?x=b4d3f98f99d448c0ae34d28d64593f7b&u=http://www.nytimes.com/2008/08/29/business/29econ.html"><img src="http://www.pheedo.com/img.phdo?x=b4d3f98f99d448c0ae34d28d64593f7b&u=http://www.nytimes.com/2008/08/29/business/29econ.html" border="0"/></a></span>
The ailing Wall Street bank plans to lay off as many as 1,500 employees, or nearly 6 percent of its work force, before it announces third-quarter results on Sept. 15.<br/><br/><span class="advertisement"> <a href="http://www.pheedo.com/click.phdo?x=b4d3f98f99d448c0ae34d28d64593f7b&u=http://www.nytimes.com/2008/08/29/business/29wall.html"><img src="http://www.pheedo.com/img.phdo?x=b4d3f98f99d448c0ae34d28d64593f7b&u=http://www.nytimes.com/2008/08/29/business/29wall.html" border="0"/></a></span>
Dell stunned investors with a 17 percent decline in quarterly profit and a warning that a slowdown in technology spending in the United States had begun to spread to Asia and Europe.<br/><br/><span class="advertisement"> <a href="http://www.pheedo.com/click.phdo?x=b4d3f98f99d448c0ae34d28d64593f7b&u=http://www.nytimes.com/2008/08/29/technology/29dell.html"><img src="http://www.pheedo.com/img.phdo?x=b4d3f98f99d448c0ae34d28d64593f7b&u=http://www.nytimes.com/2008/08/29/technology/29dell.html" border="0"/></a></span>
General Motor?s vice chairman, Robert A. Lutz, said the car companies need money to retool their plants but probably cannot raise enough capital on their own.<br/><br/><span class="advertisement"> <a href="http://www.pheedo.com/click.phdo?x=b4d3f98f99d448c0ae34d28d64593f7b&u=http://www.nytimes.com/2008/08/29/business/29lutz.html"><img src="http://www.pheedo.com/img.phdo?x=b4d3f98f99d448c0ae34d28d64593f7b&u=http://www.nytimes.com/2008/08/29/business/29lutz.html" border="0"/></a></span>
The cable industry has introduced an experimental political channel that gives advertisers a uniform way to buy time and measure the number of people watching.<br/><br/><span class="advertisement"> <a href="http://www.pheedo.com/click.phdo?x=b4d3f98f99d448c0ae34d28d64593f7b&u=http://www.nytimes.com/2008/08/29/business/media/29adco.html"><img src="http://www.pheedo.com/img.phdo?x=b4d3f98f99d448c0ae34d28d64593f7b&u=http://www.nytimes.com/2008/08/29/business/media/29adco.html" border="0"/></a></span>
Oil producers and refiners began halting production and evacuating workers from facilities in the Gulf of Mexico, anticipating that Tropical Storm Gustav could pick up speed.<br/><br/><span class="advertisement"> <a href="http://www.pheedo.com/click.phdo?x=b4d3f98f99d448c0ae34d28d64593f7b&u=http://www.nytimes.com/2008/08/29/business/29oil.html"><img src="http://www.pheedo.com/img.phdo?x=b4d3f98f99d448c0ae34d28d64593f7b&u=http://www.nytimes.com/2008/08/29/business/29oil.html" border="0"/></a></span>
The automaker cut its sales forecasts, warning that higher fuel costs and a slowdown in the United States and Europe would probably hold back the auto business at least through 2009.<br/><br/><span class="advertisement"> <a href="http://www.pheedo.com/click.phdo?x=b4d3f98f99d448c0ae34d28d64593f7b&u=http://www.nytimes.com/2008/08/29/business/29auto.html"><img src="http://www.pheedo.com/img.phdo?x=b4d3f98f99d448c0ae34d28d64593f7b&u=http://www.nytimes.com/2008/08/29/business/29auto.html" border="0"/></a></span>
The appeals court said the federal government interfered with KPMG?s practice of providing legal assistance to its employees by pressuring KPMG to limit or end the practice.<br/><br/><span class="advertisement"> <a href="http://www.pheedo.com/click.phdo?x=b4d3f98f99d448c0ae34d28d64593f7b&u=http://www.nytimes.com/2008/08/29/business/29kpmg.html"><img src="http://www.pheedo.com/img.phdo?x=b4d3f98f99d448c0ae34d28d64593f7b&u=http://www.nytimes.com/2008/08/29/business/29kpmg.html" border="0"/></a></span>
The city of Austin, Tex., approved plans for a huge plant that will burn waste wood to make electricity, the latest sign of rising interest in a long-dormant form of renewable energy.<br/><br/><span class="advertisement"> <a href="http://www.pheedo.com/click.phdo?x=b4d3f98f99d448c0ae34d28d64593f7b&u=http://www.nytimes.com/2008/08/29/business/29biomass.html"><img src="http://www.pheedo.com/img.phdo?x=b4d3f98f99d448c0ae34d28d64593f7b&u=http://www.nytimes.com/2008/08/29/business/29biomass.html" border="0"/></a></span>
The retailer also delivered a downbeat outlook, predicting that its sales and gross profit margins would continue to be pressured amid a difficult economic environment.<br/><br/><span class="advertisement"> <a href="http://www.pheedo.com/click.phdo?x=b4d3f98f99d448c0ae34d28d64593f7b&u=http://www.nytimes.com/2008/08/29/business/29sears.html"><img src="http://www.pheedo.com/img.phdo?x=b4d3f98f99d448c0ae34d28d64593f7b&u=http://www.nytimes.com/2008/08/29/business/29sears.html" border="0"/></a></span>
Hundreds of travelers, including many in Europe, were stranded after Zoom Airlines, based in Ottawa, abruptly stopped operations and sought protection from creditors.<br/><br/><span class="advertisement"> <a href="http://www.pheedo.com/click.phdo?x=b4d3f98f99d448c0ae34d28d64593f7b&u=http://www.nytimes.com/2008/08/29/business/worldbusiness/29zoom.html"><img src="http://www.pheedo.com/img.phdo?x=b4d3f98f99d448c0ae34d28d64593f7b&u=http://www.nytimes.com/2008/08/29/business/worldbusiness/29zoom.html" border="0"/></a></span>
A report from China?s top auditor says that ten central government departments ?misused or embezzled? more than $660 million last year.<br/><br/><span class="advertisement"> <a href="http://www.pheedo.com/click.phdo?x=b4d3f98f99d448c0ae34d28d64593f7b&u=http://www.nytimes.com/2008/08/29/world/asia/29china.html"><img src="http://www.pheedo.com/img.phdo?x=b4d3f98f99d448c0ae34d28d64593f7b&u=http://www.nytimes.com/2008/08/29/world/asia/29china.html" border="0"/></a></span>
Wall Street stocks rose after a better-than-expected reading on the gross domestic product and a decline in jobless claims reassured investors.<br/><br/><span class="advertisement"> <a href="http://www.pheedo.com/click.phdo?x=b4d3f98f99d448c0ae34d28d64593f7b&u=http://www.nytimes.com/2008/08/29/business/29stox.html"><img src="http://www.pheedo.com/img.phdo?x=b4d3f98f99d448c0ae34d28d64593f7b&u=http://www.nytimes.com/2008/08/29/business/29stox.html" border="0"/></a></span>
The jewelry retailer Tiffany said its quarterly profit doubled, beating Wall Street expectations as sales rose by more than 10 percent in Asia and Europe<br/><br/><span class="advertisement"> <a href="http://www.pheedo.com/click.phdo?x=b4d3f98f99d448c0ae34d28d64593f7b&u=http://www.nytimes.com/2008/08/29/business/29tiffany.html"><img src="http://www.pheedo.com/img.phdo?x=b4d3f98f99d448c0ae34d28d64593f7b&u=http://www.nytimes.com/2008/08/29/business/29tiffany.html" border="0"/></a></span>
In 1974, the country had a president who actually wanted to confront the issue of high oil prices and the proposals made then seem highly relevant now.<br/><br/><span class="advertisement"> <a href="http://www.pheedo.com/click.phdo?x=b4d3f98f99d448c0ae34d28d64593f7b&u=http://www.nytimes.com/2008/08/29/business/29norris.html"><img src="http://www.pheedo.com/img.phdo?x=b4d3f98f99d448c0ae34d28d64593f7b&u=http://www.nytimes.com/2008/08/29/business/29norris.html" border="0"/></a></span>
The Nikon D90 camera, arriving in stores next month, has the features and performance of a single-lens reflex, and can record high-definition video.<br/><br/><span class="advertisement"> <a href="http://www.pheedo.com/click.phdo?x=b4d3f98f99d448c0ae34d28d64593f7b&u=http://www.nytimes.com/2008/08/28/technology/personaltech/28pogue.html"><img src="http://www.pheedo.com/img.phdo?x=b4d3f98f99d448c0ae34d28d64593f7b&u=http://www.nytimes.com/2008/08/28/technology/personaltech/28pogue.html" border="0"/></a></span>
The retailer reported a 29 percent drop in second-quarter profit and cut its third-quarter and full-year forecasts as the weak U.S. economy and slumping housing market hit sales.<br/><br/><span class="advertisement"> <a href="http://www.pheedo.com/click.phdo?x=b4d3f98f99d448c0ae34d28d64593f7b&u=http://www.nytimes.com/reuters/business/international-williamssonoma.html"><img src="http://www.pheedo.com/img.phdo?x=b4d3f98f99d448c0ae34d28d64593f7b&u=http://www.nytimes.com/reuters/business/international-williamssonoma.html" border="0"/></a></span>
The bank said third-quarter net income dropped as a difficult capital markets environment reduced profit in its wholesale business, but it raised its dividend.<br/><br/><span class="advertisement"> <a href="http://www.pheedo.com/click.phdo?x=b4d3f98f99d448c0ae34d28d64593f7b&u=http://www.nytimes.com/reuters/business/international-tdbank-results.html"><img src="http://www.pheedo.com/img.phdo?x=b4d3f98f99d448c0ae34d28d64593f7b&u=http://www.nytimes.com/reuters/business/international-tdbank-results.html" border="0"/></a></span>
The bank cited better results in its financial markets and retail banking units, as well as a gain on the merger of Canada?s derivatives and stock-exchange operators.<br/><br/><span class="advertisement"> <a href="http://www.pheedo.com/click.phdo?x=b4d3f98f99d448c0ae34d28d64593f7b&u=http://www.nytimes.com/reuters/business/international-ba-nationalbankofcanada-results.html"><img src="http://www.pheedo.com/img.phdo?x=b4d3f98f99d448c0ae34d28d64593f7b&u=http://www.nytimes.com/reuters/business/international-ba-nationalbankofcanada-results.html" border="0"/></a></span>
The Dutch grocery chain owner reported a sharp fall in second quarter earnings after selling operations in the same period a year ago.<br/><br/><span class="advertisement"> <a href="http://www.pheedo.com/click.phdo?x=b4d3f98f99d448c0ae34d28d64593f7b&u=http://www.nytimes.com/aponline/business/AP-Earns-Netherlands-Aho.html"><img src="http://www.pheedo.com/img.phdo?x=b4d3f98f99d448c0ae34d28d64593f7b&u=http://www.nytimes.com/aponline/business/AP-Earns-Netherlands-Aho.html" border="0"/></a></span>
