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AP Financial News Summary at 6:45 p.m. EDT

August 27, 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.

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.

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.″

Ethanol Turned Into Food-Grade Alcohol

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AMES, Iowa (AP) _ Now that ethanol has become common in gas tanks, two Iowa State University professors are working to get it into martini glasses.

‘Invincible’ Wahlberg Movie Earns $17M

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LOS ANGELES (AP) _ Football season started early as Mark Wahlberg’s ``Invincible,″ a Walt Disney tale about a real-life walk-on who signed with the Philadelphia Eagles in the 1970s, debuted as the top weekend movie with $17 million.

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