| Business News |
Ford posts $8.7 billion loss on truck slump
(Reuters)
 Reuters - Ford Motor Co posted a $8.7
billion quarterly loss on Thursday as it wrote down the value
of truck and SUV operations and cautioned that it did not
expect to see a U.S. economic turnaround until 2010.
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Dow Chemical second-quarter profit hurt by costs
(Reuters)
 Reuters - Dow Chemical Co posted
second-quarter earnings that fell short of market expectations
as its price increases did not completely offset a sharp spike
in energy and raw material costs.
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Nokia patent deal with Qualcomm boosts both stocks
(Reuters)
 Reuters - Nokia (NOK1V.HE), the world's top
cellphone maker, has ended three years of legal battles with
wireless chip developer Qualcomm and signed a patent
agreement that boosted both companies' shares.
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Wall Street extends drops after housing data
(Reuters)
 Reuters - Stock extended losses on Thursday
following a report that showed a steeper-than-expected drop in
existing-home sales in June, heightening concern about the
impact of the housing slump on economic growth.
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FCC has pact to approve Sirius-XM deal: source
(Reuters)
 Reuters - A majority of members of the Federal
Communications Commission have reached an agreement to
conditionally approve Sirius Satellite Radio Inc's
purchase of XM Satellite Radio Holdings Inc , a source
familiar with the agency review said on Thursday.
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New layoff filings jump as companies retrench
(AP)
 AP - The number of newly laid off people filing claims for unemployment benefits bolted past 400,000 last week as companies trimmed their work forces to cope with a slowing economy and fallout from a collapsed housing market.
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| Eric Staal leads Canada as Ovechkin lifts Russia - 11, May 2008 |
By Steve Keating
HALIFAX, Nova Scotia (Reuters) - Eric Staal scored four goals and Martin St. Louis chipped in with five assists to lift Canada to a crushing 10-1 win over Germany and a place in the world championship quarter-finals.
In Quebec City, NHL scoring champion Alexander Ovechkin tallied with six seconds remaining in regulation to lift Russia to a thrilling 3-2 win over Olympic champions Sweden and top spot in Group E with a perfect record.
In other Group E action, Ales Kotalik scored the tying goal in regulation and the winner in a shootout as the Czech Republic edged Belarus 3-2.
Canada, who needed a late goal to beat Norway in their opening game, came out hard against the Germans, storming to a 4-0 first-period lead on the way to their 14th straight championship win.
Staal, who had just two assists in Canada's four previous games, led the assault with his second period hat-trick.
"Tonight was one of those nights where the puck just seemed to be finding my stick," Staal told reporters. "One of those nights where things went in and we'll take it.
Staal, Jason Spezza, Patrick Sharp and Dany Heatley, with his tournament-best seventh goal, found the net in the opening period.
Germany could not manage a shot at Canadian netminder Cam Ward until there were just 90 seconds left to play in the first period.
(c) 2008 Reuters
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| Other news from Sport category: |
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SINGAPORE (Reuters) - The agent of U.S. Olympic swimmer Jessica Hardy leapt to her defense on Thursday after media reports said she had tested positive for a banned substance.
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LOS ANGELES (Reuters) - Top seed Jelena Jankovic overcame some early jitters before battling to a 7-5 6-2 victory over Vania King at the Los Angeles Classic on Wednesday, the Serb advancing to the third round on a day of several upsets.
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LONDON (Reuters) - Paul Hamm discovered the true meaning of the saying 'all that glitters is not gold' at the Athens Olympics.
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LONDON (Reuters) - A few weeks before the 1988 Seoul Olympic Games, Ben Johnson's race against Carl Lewis over 100 meters in Zurich was one of the most eagerly awaited sporting events of the year.
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TORONTO (Reuters) - The end of Roger Federer's long reign as world number one moved closer when he suffered a shock second-round defeat by Frenchman Gilles Simon at the Toronto Masters on Wednesday.
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NEW YORK (Reuters) - The New York Yankees extended their winning streak to six games by beating the Minnesota Twins 5-1 on Wednesday to complete a sweep of their three-game series at Yankee Stadium.
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NEW YORK (Reuters) - Winning the Super Bowl was a thrill, reaching the pinnacle of the National Football League again this season would be an even bigger one, New York Giants head coach Tom Coughlin said on Wednesday.
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WASHINGTON (Reuters) - Cyclist and testicular cancer survivor Lance Armstrong joined forces with four former U.S. surgeons general on Wednesday to urge Americans to do more to prevent cancer and get recommended screening tests.
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L'ALPE D'HUEZ, France (Reuters) - Spaniard Carlos Sastre seized the Tour de France yellow jersey with victory in the last mountain stage on Wednesday but looked incapable of preventing Cadel Evans from winning the race.
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TORONTO (Reuters) - After battling punishing conditions at the British Open, Canadians Mike Weir and Stephen Ames face another daunting challenge in trying to end a 54-year drought for home players at the Canadian Open.
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