| Business News |
House passes housing bill; Bush lifts veto threat
(Reuters)
 Reuters - The House of Representatives passed
a massive housing rescue bill on Wednesday while the White
House dropped a threat to veto it, paving the way for measures
aimed at shoring up the worst U.S. housing market since the
Great Depression.
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Amazon Q2 net profit doubles, sales up 41 percent
(Reuters)
Reuters - Amazon.com Inc said on Wednesday
quarterly net income doubled on a 41 percent rise in revenue,
helped by higher operating profit margins.
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Fed says price pressures gain, growth slackens
(Reuters)
 Reuters - The United States faced increasing
inflationary pressures in recent weeks amid slowing economic
growth, the Federal Reserve said on Wednesday, as it described
conditions in some areas as "grim," "morose" or "bleak."
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Pulte Homes second-quarter loss narrows
(Reuters)
Reuters - Pulte Homes Inc posted a
smaller quarterly loss on Wednesday, but said buyer confidence
remained shaky.
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Wall Street rises on oil drop, housing plan optimism
(Reuters)
 Reuters - Stocks rose on Wednesday as financial
shares climbed on optimism about a rescue plan for mortgage
finance companies Fannie Mae and Freddie Mac and as the price
of oil fell.
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Waiters pick up part of LongHorn's labor costs
(AP)
 AP - With the cost of everything from air conditioning to whipped cream rising, many restaurants have been raising prices. LongHorn Steakhouse is passing on part of the tab to its servers.
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