The Bottom Line

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Forty percent of the homes available for sale in California's Orange County are either in foreclosure or priced below the value of the current owner's mortgage.

Orange County, California Register

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Eighty percent of college students say they have received direct-mail solicitations from credit card companies. Almost 25 percent say they've also received telephone solicitations.


CNNmoney

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The market for initial public share offering has dried up, investment bankers say. So far this year investment bankers have brought only 37 initial public share offerings to market, down 72 percent from a year earlier.

BusinessWeek

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The latest twist in "a la carte" airline pricing comes from JetBlue, which is now selling passengers a blanket and pillow set for $7. The set also includes a $5 coupon to Bed bath & Beyond.

The New York Times

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In a sign of the burgeoning wealth of Russia's economic elite, the country now boasts more than 100 children who stand to inherit $1 billion or more from their oligarch parents.

London Daily telegraph

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The federal Deposite Insurance Corp. last week shut down Nevada's Silver State Bank--the 11th failure this year of an FDIC-insured bank. Silver State's branches are reopening under the new ownership of Nevada State Bank of Las Vegas.

Associated Press

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United Airlines this week followed Delta's lead and doubled the extra fee it charged for a second checked bag, to $50.

Associated Press

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In 2008, financial-services workers collected $10 of every $100 dollars paid to American workers. That's up frpm about $5 per $100 in 1975.

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Some 29 million Americans participate in the food stamps program in July, the highest level since November 2005, when food stamp use reached an all-time high following huricanes Katrina and Rita.

The Washington Post

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State and federal prisons are struggling with a new prblem: Prisoners are using thousands of smuggled cell phones to threaten people who testified against them, conduct drug deals, and seek legal help.

USA Today

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Semiconductor sales will fall this year, to an estimated $262 billion, reports Gartner Group. The 4.4 percent decline is only the fifth drop in annual chip sales since 1985.

Marketwatch

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After watching its endowment shrink last year by 22 percent, Harvard University willl lay off 25 percent of its money-management staff, or about 50 people.

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