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The Senate voted resoundingly Thursday to push closer to passage a massive mortgage rescue to help hundreds of thousands of stressed homeowners, even as the bill faced new obstacles in the House. By a vote of 84-12, the Senate cleared away the last procedural...
Read Congress wrangles over bill to help homeowners (Links)
Shoppers, enticed by heavy discounts and armed with rebate checks, spent freely in June, helping to lift retailers' sales. The outlook for the back-to-school season remains tough, though, as consumers confront high gas and food prices, a slumping housing...
Read Retailers post mixed June sales results (Links)
Toyota Motor Corp. will start producing the hybrid Prius in the U.S. for the first time as the Japanese automaker adjusts its U.S. manufacturing operations to meet customer demands for smaller, more fuel-efficient vehicles. The company said Thursday it will...
Read Toyota making US manufacturing changes (Links)
Hotel operator Marriott International Inc. said Thursday that second-quarter earnings dropped 24 percent as the deteriorating economy dragged down demand, a trend the company expects will extend into next year. While the latest adjusted earnings beat Wall...
Read Marriott 2Q falls 24 percent (Links)
Swiss drug giant Roche will collaborate with Richmond biotech company Sangamo BioSciences Inc. to develop genetically engineered cells and animals as research tools for drug development, Sangamo said Wednesday. Sangamo's technology allows it to create "...
Read Richmond's Sangamo, Roche to collaborate (Links)
Justice softens hardball tactics with corporations The Justice Department has agreed to back off hardball tactics to force corporations to turn over confidential communications between their attorneys and company executives under scrutiny by prosecutors. The...
Read DAILY DIGEST (Links)
SunPower Corp. of San Jose will announce plans today to build the country's largest photovoltaic solar power plant in Florida. Unlike most large-scale solar plants, which use big mirrors to concentrate sunlight, the SunPower project will use the same solar...
Read Biggest U.S. photovoltaic power plant announced (Links)
Speculation that Toyota Motor Corp. might build Prius hybrids in the Bay Area appeared to unravel Thursday when the company announced plans to start Prius production at a Toyota plant already under construction in Mississippi. In May, a Japanese newspaper,...
Read Toyota decides Nummi will not build Prius now (Links)
The Standard & Poor's 500 index entered bear territory Wednesday, closing more than 20 percent below its previous bull-market peak. If this bear market is like previous ones, stocks are likely to continue dropping. The S&P 500 fell 29.01 points to close at...
Read Bears on the prowl in S&P 500 (Links)
Verizon Wireless has agreed to pay $21 million to settle a lawsuit filed by California customers upset with the company's early termination fees, a lawyer on the case said Wednesday. Many details of the settlement still need to be worked out and authorized by...
Read Verizon settles lawsuit over fees / Wireless customers who paid to cancel early may get cash (Links)
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