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Integrity Bank Fails, Regions Bank Taking Over
Integrity Bank was once dubbed the fastest growing bank in Georgia history. Now, the bank has become the 10th U.S. bank to fail in 2008.

U.S. Markets End Month Weak On Economic Data
U.S. markets sold off into the holiday weekend after the Commerce Department reported that personal incomes fell in July. July personal income, reported before the open, fell 0.7 percent.

Houston Port To Buy Cranes Worth $34 Million For Bayport Container Terminal
The Port of Houston Authority has approved projects worth $35 million, which includes the acquisition of container handling equipment for an ongoing project and a study for another future facility in the Houston Ship Channel.

FAA Suspends Flights Auction At Newark Airport
Key stakeholders of the Newark Airport rejoiced after the Federal Aviation Administration suspended its planned auction for flight slots at the New Jersey airport.

Alaska Airlines To Save $115 Million In Fuel Costs With New "All Boeing" Fleet
Alaska Airlines said Thursday that it has retired its last MD-80 airplane this week, and has shifted to an all-Boeing 737 fleet.

Employee Stock Option Plan Assets Of Fannie Mae, Freddie Mac Workers Shrink
It is not only the two largest mortgage lenders in the U.S. which took a beating financially after the subprime mortgage crisis blew up almost a year ago. The assets of the employee stock ownership plan of Fannie Mae and Freddie Mac also shrank.

Canadian Airline Folds Up Over High Operating Cost
Planes of Zoom Airlines failed to take off Wednesday and Thursday after the Ottawa-based air carrier shut down operations over financial problems.

Sears Q2 Profit Falls Short Of Estimates On Weak Sales
Sears Holding Corp. reported a 62 percent decline in second quarter earnings on Thursday as revenue fell on weak same-store sales.

Dell Quarterly Earnings Fall On Weak Gross Margins
Dell Inc. reported fiscal third quarter earnings on Thursday that fell 17 percent as lower gross margins cut into strong overall revenue.

Markets Rally On Strong GDP Data
All three major indices opened higher Thursday and continued that way as better than expected second quarter preliminary Gross Domestic Product data helped lift markets.