08-30-2008
             


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Possible Fire Hazard Sparks Big GM Recall
General Motors Corp. said it was recalling 944,000 vehicles because of a problem with a windshield wiper fluid system that could lead to a fire.


Starbucks Rehires Pro-Union Worker
In a preliminary reinstatement agreement dated Aug. 14 obtained by The Associated Press, Starbucks said its firing of employee Erik Forman was "ill-considered and should be reversed."


Hundreds Stranded As Airline Shuts Down
Hundreds of passengers were left stranded in Canada and Britain when Zoom Airlines, a cash-strapped small Canadian carrier, shut down after creditors grounded its leased planes.


Exports Give U.S. Economy 2Q Spurt
After two dismal quarters, the U.S. economy shifted to a higher gear in the spring, growing at its fastest pace in nearly a year as foreign buyers snapped up U.S. exports and tax rebates spurred shoppers at home.


Apple's Reputation Untarnished By Mishaps
A string of mishaps like Apple has made with its products might throw another electronics company into crisis. But, even as iPhone griping rages, it seems Apple's sterling reputation will emerge untarnished.


Workers Not Confident In U.S. Job Market
American workers' confidence in the job market is as low as it was during the 2001 recession, according to a survey released.


Industry Groups Sue Over Polar Bear Rule
Groups representing the oil and gas, mining, and manufacturing industries asked a federal judge to ensure that laws protecting polar bears were not used to block projects in Alaska.


FDIC: Jump In Number of Troubled Banks
The number of troubled U.S. banks leaped to the highest level in about five years: 117. On average, 13 percent of banks that make the list fail. Meanwhile, bank profits plunged by 86 percent in the second quarter.


Bankruptcies Soar For Seniors, Study Finds
Medical problems are paired with an inability to work for an increasing number of seniors, prompting suffocating debt and eventual bankruptcy.


Speak English Or Take A Seat, LPGA Says
The LPGA will require players to speak English starting in 2009, with players who have been LPGA members for two years facing suspension if they can't pass an oral evaluation. The rule is effective immediately for new players.