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Reuters - Oil prices rose 5 percent on Thursday, the biggest gain in more than two months, amid rising global tensions and a weak U.S. dollar.

Reuters - Shares of Fannie Mae and Freddie Mac slid at the open on Thursday, on mounting fears that the two mortgage finance companies may need a government bailout, which would wipe out shareholder value.

Reuters - Stock index futures fell on Thursday as fears of more credit losses in the financial sector rattled investors and shares of mortgage finance giants Fannie Mae and Freddie Mac slid anew.

Reuters - Wall Street research analysts are projecting yet another tough quarter for U.S. investment banks marked by additional writedowns across a series of fixed-income assets amid an already weak operating environment.

Reuters - Daimler AG (DAIGn.DE) denied a magazine report on Thursday that it was considering more job cuts and may spin off its market-leading trucks business as a way to help boost its weak share price.

Thursday, August 21, 2008; DZ11

Ballpark Named Greenest

The Washington Nationals' ballpark has received the U.S. Green Building Council's National Capital Region's Project of the Year award. The award honored the ballpark's commitment to preserving the environment.

The honor was presented to the joint venture HOK/Devrouax and Purnell Architects and Clark/Hunt Smoot Construction, the design team.

By Carol Wolf
Bloomberg News
Thursday, August 21, 2008; D03

EBay, the world's largest Internet auctioneer, lowered fees for listing fixed-cost items by more than 70 percent to attract additional sellers and compete with Amazon.com. EBay said the changes won't affect its annual earnings projection.

Starting Sept. 16, sellers will pay 35 cents to list multiple quantities of the same item for 30 days, the San Jose company said yesterday in a statement. Sellers currently pay fees ranging from 35 cents to $4 per item listed for seven days.

Reuters - Larry Montgomery is expected to step down as retailer Kohl's Corp chief executive, The Wall Street Journal said.

Reuters - The Federal Reserve acted on rumors last month and called Credit Suisse Group to see if it had pulled a credit line from Lehman Brothers Holdings Inc, The Wall Street Journal said citing people familiar with the matter.

Reuters - Nissan Motor (7201.T) will begin exporting passenger cars over the next few months from China, as a growing number of global industry giants tap their output in the world's second-largest auto market to supply export markets.