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AP Financial News Summary at 6:14 p.m. EDT

August 6, 2006

Investors Wait for Pause in Rate Hikes

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NEW YORK (AP) _ Some very smart people on Wall Street spent Friday proclaiming that the Federal Reserve would not raise interest rates Tuesday. Words like ``case closed″ and ``the pause that refreshes″ were found in reports and sound bites from economists, market strategists and chief investment officers.

Wal-Mart Expansion Plans Hit Some Bumps

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DAMARISCOTTA, Maine (AP) _ Wal-Mart’s plan to build a 186,000-square-foot supercenter within two miles of Damariscotta’s historic red-brick downtown was thwarted by opponents’ weapon of choice: citizen-approved zoning changes.

Price Checkers Assemble Inflation Report

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SILVER SPRING, Md. (AP) _ Caren Gaffney would be the perfect contestant on ``The Price is Right.″ She moves from store to store, meticulously combing the aisles and taking down prices. A head of Boston butterhead lettuce. A bottle of Advil. Car inspection. Diamond bracelet. Eyeglasses. A 50-foot black TV cable. Washing machine. It’s an eclectic shopping list that comes from her employer, the U.S. government.

Gov’t Enron Trial Record Is Spotty

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HOUSTON (AP) _ The court battle rarely stops when a jury renders a verdict.

Toyota Settles Sexual Harassment Suit

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TOKYO (AP) _ Toyota Motor Corp. said its U.S. unit has reached a settlement in a sexual harassment lawsuit filed by a female employee.

PODS Takes Chunk Out of Storage Market

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CLEARWATER, Fla. (AP) _ Pete Warhurst had built one self-storage business and was looking for a place to put another in densely populated Pinellas County where good highway frontage was already scarce.

Report: Camaro Muscle Car Coming Back

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DETROIT (AP) _ General Motors Corp. plans to bring back the Chevrolet Camaro as a production vehicle, according to a published report.

Tenn. Gov. Pushes for ‘Wal-Mart Degrees’

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NASHVILLE, Tenn. (AP) _ Tennessee Gov. Phil Bredesen wants the state to do a better job at preparing students for careers at Wal-Mart. But he’s not talking about stocking shelves or checking out customers at the retail giant.

Dubai Man-Made Island Nears Completion

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DUBAI, United Arab Emirates (AP) _ With 14,000 laborers toiling day and night, the first of Dubai’s three palm-shaped islands is finally about to get its first residents.

‘Talladega’ Races to Top of Box Office

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LOS ANGELES (AP) _ Will Ferrell’s NASCAR spoof ``Talladega Nights: The Ballad of Ricky Bobby″ enjoyed life in the fast lane with a No. 1 finish in the weekend box office race, taking in $47 million, according to studio estimates Sunday.

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