| 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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| Sergio Garcia sees off Paul Goydos in Sawgrass playoff - 12, May 2008 |
By Mark Lamport-Stokes
PONTE VEDRA BEACH, Florida (Reuters) - Sergio Garcia won the biggest title of his career, and his first on the PGA Tour in three years, with a playoff victory over American Paul Goydos at the Players Championship on Sunday.
The Spaniard, who began the final round three strokes off the pace, triumphed at the first extra hole after hitting a superb tee shot to four feet at the treacherous par-three 17th.
Although the 28-year-old missed the birdie putt, his tap-in for par was good enough to sink Goydos who bogeyed the hole after his tee shot ended up in water short of the island green.
"It's just a lot of hard work that is starting to pay off," a beaming Garcia said in a greenside television interview after earning the winner's cheque for $1.71 million. "That's the most important thing.
"And I want to thank Tiger (Woods) for not being here," he added with a broad grin. "That always makes things a little bit easier."
World number one Woods was a notable absentee at the event unofficially dubbed the fifth major as he recovers from knee surgery.
"Paul has been playing awesome all week and he hung in there so nicely," added Garcia, who set up his title bid with a burst of three birdies in four holes from the 11th.
"It was a really tough day. I thought he would get up and down on 18 and fortunately for me he didn't."
(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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