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Business Highlights (AP via Yahoo! Finance)

Since its inception in 1996, the Heavily Indebted Poor Countries initiative (HIPC) has reduced the outstanding debt stock of 26 countries, primarily in sub-Saharan Africa, by two-thirds, the World Bank announced in its annual Global Development Finance report released in April. The reduction amounts to $40 bn in net present value (representing the market value of the original debt, discounted as if it were paid now, in a lump sum).

Business Highlights (AP via Yahoo! Finance)

A closely watched gauge of future economic activity edged up in July, reversing the previous month's decline. The recent erratic pattern reflects uncertainty in a U.S. economy roiled by a credit crunch.

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Business Highlights (Post-Bulletin)

reports higher profits CHARLOTTE, N.C. -- Lowe's Cos., the nation's second largest home improvement chain, said Monday that its second-quarter profit rose 9 percent on higher overall revenue. The results came in ahead of Wall Street expectations, an

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Business briefs (Lansing State Journal)

Grand Rapids law firm Warner Norcross & Judd LLP has opened an office in Lansing, where it will base its government affairs practice group. The group focuses on lobbying, election laws and establishing political action committees and administrative law.

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Sprint Nextel Reports Second Quarter 2007 Results (Business Wire via Yahoo! Finance)

RESTON, Va.----Sprint Nextel Corp. today reported second quarter 2007 financial results. In the quarter, the company reported a strong sequential improvement in post-paid net additions and profitability.

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Alpha Natural Resources Reports 2007 Second Quarter Results (PR Newswire via Yahoo! Finance)

Financial & Operating Highlights

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Watch List (July 29-Aug. 4): Boardroom Chatter (CoStar Group)

In this week's issue we report on: A wave of restructurings and facility consolidations that corporations announced they will be considering in the second half of the year; How land prices are affecting cattle herds; Oxford Funding's leap into subprime...

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FNB Corporation Reports Second Quarter 2007 Results (PR Newswire via Yahoo! Finance)

William P. Heath, Jr., President and Chief Executive Officer of FNB Corporation , reported net income of $4.5 million for the quarter ended June 30, 2007, up $112 thousand or 2.6% from $4.4 million for the quarter ended June 30, 2006.

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Virginia Financial Group, Inc. Announces Second Quarter 2007 Earnings (PR Newswire via Yahoo! Finance)

Virginia Financial Group, Inc. today reported second quarter 2007 earnings of $4.5 million, down 13.3% from $5.2 million for the second quarter of 2006, and up sequentially 13.0% from $4.0 million in the first quarter of 2007.

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Business Highlights (AP via Yahoo! Finance)

These are some of the ways in which you can lessen the debt burden and have debt relief.

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