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Buffett, others say high U.S. debt levels pose risks (Reuters)
Reuters - Warren Buffett, the billionaire co-founder of a top private equity firm and a prominent voice for U.S. fiscal responsibility, called on the United States and its elected officials to combat the nation's fast-growing, multi-trillion dollar debt load.
yahoo.com Friday, August 22, 2008

G.M., With an Eye on Profit, Invests in Ohio Plant
General Motors plans to spend $500 million so the factory can start building a compact car that is a critical part of its effort to become profitable again.
The New York Times Friday, August 22, 2008

Burdened by Mortgages, Lehman's Options Narrow
As the stocks of Fannie Mae and Freddie Mac have plummeted, financial shares have taken a beating. But few have suffered as much as Lehman Brothers.
The New York Times Friday, August 22, 2008

Some Fear Commercial Property Loans Will Be Next Stage in Downturn
As the value of home mortgages crumbles by the day, some bankers are worried that commercial real estate loans will be affected next.
The New York Times Friday, August 22, 2008

Smartphone Start-Ups Have a Friend in This Fund
A new $100 million fund invests in start-ups specializing in iPhone applications.
The New York Times Friday, August 22, 2008

Tories plan energy discount card
A card account scheme to help people to get discounts on fuel bills is to be unveiled by the Conservatives.
BBC Friday, August 22, 2008

Merrill Backs Down On ARS
Firm agrees to pay $125 million fine and speed up repurchases of the securities from customers.
Forbes Friday, August 22, 2008

Financial Mistakes New Parents Make
Babies come with a long laundry list of expenses. If not handled properly, these can become overwhelming or at least detrimental to your financial health.
CBS News Friday, August 22, 2008

Crude holds above $121 a barrel
Read full story for latest details.
CNN Money Friday, August 22, 2008

Why oil won't fall below $100
Last week falling oil prices looked unstoppable. The last few days have seen a halt in that slide. Still with prices well below the record set in July and a shaky world economy threatening demand, the question remains: How low can oil prices go?
CNN Money Friday, August 22, 2008

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