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AP Financial News Summary at 10:48 p.m. EDT

August 28, 2006

Crash a Blow for Struggling Comair

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ERLANGER, Ky. (AP) _ The fatal crash of a Comair regional jet Sunday morning dealt an emotional blow to a commuter airline trying to emerge from bankruptcy.

Google Releasing Package for the Office

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NEW YORK (AP) _ Gmail is headed for the office _ officially.

Wall Street Preps for More Economic Data

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NEW YORK (AP) _ Wall Street will finally get the data it has craved to help get a better handle on the economy and whether it has pulled back further than policy-makers wanted. In the next five days, some two dozen economic reports will be released _ including consumer confidence, job growth and manufacturing figures. Investors might even get a better clue about what Federal Reserve Chairman Ben Bernanke thinks of interest rates when minutes from the last Fed meeting are released.

Japan Stocks Fall; Dollar Lower Vs. Yen

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TOKYO (AP) _ Japanese stocks fell back Monday morning as investors quickly turned to selling after brief bargain hunting following three straight sessions of losses. The dollar was down against the yen.

Gas Prices Down 15 Cents Over 2 Weeks

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CAMARILLO, Calif. (AP) _ U.S. retail gas prices dropped 15 cents a gallon in the past two weeks, the sharpest decline in nearly a year, according to a survey released Sunday.

Industry Sees 2nd Tissue Scandal in Year

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It could have ended three years ago, when a leaky FedEx box containing an arm and legs turned up in Missouri. Or years before that, when a judge convicted him of embezzling money from the sale of a corpse that belonged to a medical school in California. But nothing stopped Philip Joe Guyett Jr. from moving steadily eastward, mining gold from the lucrative body parts trade.

Environmentalists: Condos Threaten Coast

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ENCINITAS, Calif. (AP) _ On a sandy bluff overlooking the Pacific, surfer Mark Massara sees a developing threat to a California amenity: guaranteed beach access for average families.

Chad Suspends 3 Ministers Over Oil Deals

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N’DJAMENA, Chad (AP) _ The president suspended the oil minister and two other Cabinet members who negotiated deals with two foreign oil firms that he ordered out of the central African country over a tax dispute, officials said Sunday.

FedEx Express, Pilots OK Tentative Deal

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MEMPHIS, Tenn. (AP) _ FedEx Express, operator of the world’s largest cargo airline, has reached a tentative agreement on a new contract with its pilots, the company announced Sunday.

EMC on Expansion Tear

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HOPKINTON, Mass. (AP) _ Dennis Hoffman has his suit jacket off and a blue marker in hand, ready to sketch his view of the massive transformation at EMC Corp. He begins by writing ``CIO.″

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