KEZI 9 - Connecting You

Business News

Challenges abound for Bush at last economic summitThe problems do not get any easier as President Bush attends his final summit with leaders of industrialized democracies.

Employers use federal law to deny benefitsDying of cancer, Thomas Amschwand did everything he was told to make sure his wife would collect on the life insurance policy he had through his employer.

Companies begin quest for oil, gas off Fla. coastOil companies once viewed drilling in the deep waters off Florida as cost prohibitive. Politicians feared even the slightest sign of support would be career suicide.

Small-cap stock run could herald broader recoveryEven as Wall Street skids lower almost by the day, and the major indexes have touched the levels of a bear market, some analysts are actually finding some signs in the performance of small-company stocks that might be pointing to the early stages of a much broader recovery.

FBI probe latest setback for beleaguered DetroitAuto industry cutbacks, double-digit unemployment and one of the nation's highest home foreclosure rates have left Detroit with a dreary economic future.

Travel experts: US share of foreign tourists slipsDespite the weak U.S. dollar, a boom in international travel around the world hasn't translated into an explosion of foreign tourists to the United States.

SocGen fined over trading scandalFrance's central bank announced Friday that it has fined Societe Generale $6.3 million for "serious shortcomings" in its internal controls that led to nearly $7.8 billion in trading losses announced earlier this year.

Canadian telecom BCE, suitor agree on termsBCE Inc, Canada's largest telecommunications company, said Friday it has agreed on terms of a $35 billion sale to a group led by the Ontario Teachers' Pension Plan in the biggest leveraged buyout ever. The deal is expected to be completed by mid-December.

9 convicted in Austria fraud caseNine people, including a prominent executive who fled to France in an attempt to elude justice, were convicted Friday of criminal charges in a major Austrian bank fraud case linked to the 2005 collapse of New York-based commodities brokerage Refco Inc.

Smooth sailing for yacht builders despite economyFuel prices are soaring and credit markets tightening, but the super-rich are still lining up to pay tens of millions of dollars for mega yachts.

Local News

Unique Track and Field Memorabilia The latest in sports memorabilia is owning plaster casts of athletes hands and feet.

Be Safe While Enjoying The McKenzie River Marine Patrol says boaters need to be safe.

Independence Day Celebrations Planned in Lane County Fireworks displays are scheduled across the county.

Springfield Police Hunt for Robbery Suspect A man who claimed to be armed made off with $8,000 from the Exxon gas station at 8th and Main St.

Friday's Events at Eugene '08 It's "Celebrate America" Day at the Fan Festival, while athletes compete in several final and semifinal events.

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Unusual or Off-Beat

Wis. stun gun thief who posted video gets prisonA Wisconsin man who posted a video online showing him and his father shocking each other with a stolen stun gun has been sent to prison.

Arrest made after FedEx sends drug to wrong placeFedEx prides itself on reliability. But a mistaken delivery tipped off police to a 200-pound shipment of marijuana that someone tried to send from Pembroke Pines, Florida to Baltimore via the shipping company.

Man rips off wax Hitler's headA man tore the head off a controversial Adolf Hitler wax figure at Madame Tussauds' new branch in Berlin on its opening day Saturday, officials said.