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For Olympic Committee, Marketing Is No Game

Corporations pay a lot of money to be official Olympic sponsors, so there are strict rules about who can and can't use the games to promote their products — rules the Olympic Committee isn't shy about enforcing. Just ask a group of knitters who recently got a cease and desist letter from the USOC.

Fed Chief Gives Gloomy Economic Review

Federal Reserve Chairman Ben Bernanke offered a downbeat assessment of the U.S. economy at a Senate panel hearing Wednesday. He said the economy is still growing, but its pace slowed in the second quarter.

Canadians Are Wealtheir Than Americans

One big reason Canadians have pulled ahead, is the U.S. housing bust destroyed a lot of wealth. Home values in Canada have remained steady, and lately, they've even enjoyed a housing boom.

Are Pagers Obsolete?

These days, it is unusual to see people with pagers on their belts. The hot accessory and workplace essential has mostly been replaced by the cellphone. Pagers now are used primarily by people in the health care industry.

Would-Be Homebuyers Appear To Be More Confident

Is the U.S. housing sector about to make a comeback? Home builders apparently think so. Every month, the National Association of Home Builders publishes its housing market index. The July report shot up to its highest level in five years. It is, however, still well below historical averages.

Companies Beat Wall Street Expectations

Investors have been prepared for a lot of sour news but some companies have done better than forecasts. So far, they include Coca-Cola which reported higher income than expected thanks to sales overseas. Mattel also came out with stronger earnings, and Goldman Sachs released earnings well above expectations.