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American Airlines to furlough 900 flight attendants
The nation's biggest airline expects to lay off pilots and mechanics too, but it hasn't released numbers yet.
HoustonChronicle.com

Bleak Car Sales Hurts Industry
New car purchases are at the lowest levels in 10 years. Nearly all major carmakers reported steep sales declines for June. Derek Mattsson, head of Vehix.com, says consumers are still favoring cars like the Honda Civic at the expense of U.S. vehicles.
NPR

Job growth in the Southwest is cooling, Dallas Fed says
Although economic growth in the Southwest region outpaced the nation in April and May, the regional economy continued to slow, reports the Federal Reserve Bank of Dallas.
BizJournals

Wall Street: The bear is back
Stocks slumped Wednesday, with the Dow and Nasdaq ending in bear market territory, amid record oil prices, a 15% slump in GM stock and jitters about Thursday's big government report and ECB interest rate decision.
CNN Money

Oil climbs to new record above $144
Oil prices rose to a new record Wednesday as traders mostly looked past a mixed inventory report to focus on continued geopolitical instability, currency issues and a looming jobs report.
CNN Money

Pace of housing rescue slows
Hope Now, the mortgage industry alliance of lenders, servicers and housing counselors, reported Wednesday that it helped roughly 170,000 homeowners avoid foreclosure in the month of May.
CNN Money

Bleak Car Sales Data Still Produce Winners
New car purchases are at the lowest levels in 10 years. Nearly all major carmakers reported steep sales declines for June. Derek Mattsson, head of Vehix.com, says consumers are still favoring cars like the Honda Civic at the expense of U.S. vehicles.
NPR

Advanta to Report Second Quarter 2008 Results (Business Wire)
SPRING HOUSE, Pa.----Advanta Corp. today announced that it will release second quarter 2008 results on Tuesday, July 29, 2008, before the market opens. After the release, Advantaâ??s management will hold a conference call with analysts and institutional investors at 9:00 a.m.
yahoo.com

Non-Farm Payrolls Preview: Will Another Month of Job Losses Hurt the Dollar?
Non-farm payrolls for the month of June are due for release this Thursday, but with the Federal Reserve no longer looking to cut interest rates, will the...
dailyfx.com

FAA, Southwest Put Thousands of Passengers at Risk, Report Finds
A cozy relationship between the Federal Aviation Administration and Southwest Airlines led to safety lapses last year that put thousands of air passengers at risk, according to a probe of the agency released today.
washingtonpost.com

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