Finance time

The Federal Reserve extended its emergency lending to Wall Street firms through January after policy makers judged that markets are still too weak to go without a backstop from the central bank.
The Fed also plans to give securities dealers options for tapping one of the loan programs to ensure financing through the ends […]

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Booming shipments of coal, grain and fertilizer coupled to improved productivity drove Union Pacific Corp.’s second-quarter earnings up 19%, despite the impact of rising fuel costs and Midwest floods.
The nation’s largest freight railroad operator also issued a third-quarter earnings prediction above analysts’ current views, expecting strong pricing to counter volumes dragged lower by a […]

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T-R-O-U-B-L-E could loom for a Scrabble knockoff that has become one of the most popular activities on Facebook.
Hasbro Inc., the company that owns the word game’s North American rights, sued the creators of the Scrabulous program on Thursday, less than two weeks after the release of an authorized version of Scrabble for Facebook.
Hasbro said […]

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Google Inc. has given Oregon State University's Open Source Lab $300,000.
Google (NASDAQ: GOOG), based in Mountain View, Calif., had previously given the lab $450,000.
The new funds will support growth and projects at the Corvallis lab. "Open source" is a method for software licensing and distribution that ensures that anyone can copy […]

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Unemployment in Spain, the source of half the euro region's new jobs between 2001 and 2006, rose more than expected in the second quarter as home-building collapsed.
The unemployment rate advanced to 10.4 percent from 9.6 percent, the Madrid-based National Statistics Office said on its Web site. That compared with the 10 percent median […]

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Work on the downtown arena site is expected to hasten in the coming weeks as a result of the completion of a long-awaited financing package.
The Louisville Arena Authority will hold a special meeting Wednesday and is expected to receive the $360 million in funds it needs to proceed with the construction of a new downtown […]

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Asia's developing economies will expand at the slowest pace in five years in 2008 as easing U.S. growth weighs on exports and accelerating inflation crimps consumer spending, the Asian Development Bank said.
East Asia may expand 7.6 percent in 2008, less than a December estimate of 8 percent, according to a report released today […]

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Israel's unemployment rate may have held close to its lowest level in more than a decade in May as the economy heads for its sixth year of growth, said Ron Eichel of Meitav Mutual Fund Management Ltd.
April unemployment was unchanged from March at 6.3 percent. The Jerusalem-based Central Bureau of Statistics will release […]

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U.S. housing starts unexpectedly surged the most in more than two years in June because of a change in New York City's building code that overshadowed a slide in single-family home construction.
Housing starts rose 9.1 percent to a 1.066 million pace from a revised 977,000 rate in May, the Commerce Department said today […]

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The Federal Aviation Administration announced measures Monday to improve runway safety, including the installation at major airports of lights that signal pilots when a runway is safe to enter.
The announcement by Acting FAA Administrator Robert Sturgell comes amid criticism of FAA officials by federal lawmakers and others over an alarming rate of runway incursions […]

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