Target's 2Q profit declines 7.6 percent Aug 19, 2008 1:25PM

A convoy of badly needed food aid for beleaguered Georgians rumbled through a Russian checkpoint Wednesday, waved through by soldiers who themselves showed no signs of fulfilling their president's promise of a pullback within two days. Read more

Michael Phelps and his coach are pursuing involvement in the business operations of their home swim club and its facilities. Phelps will be returning to Baltimore after winning gold medals in all eight of his swimming events--a gold medal total unmatched in any Olympics. Once he's back, Phelps will resume business talks with North Baltimore Aquatic Club, said Murray Stephens, the organization's founder. Read more

Massachusetts' top securities regulator is asking Fidelity Investments to buy back auction rate securities it sold to customers. Secretary of State William Galvin told the Boston mutual fund company's chief executive, Edward Johnson III, by letter that he had "grave concern" about investors who have been unable to sell auction rate securities since the market dried up in February. Read more

Suntech Power Holdings Co. Ltd. raised its 2008 revenue forecast Wednesday, and the solar cell maker set third-quarter expectations that were greater than Wall Street expected. Read more

Hundreds of Russians lined up in the pelting rain on Tuesday to pay tribute to Alexander Solzhenitsyn as the author, dissident and patriot lay in state inside the Russian Academy of Sciences. Read more

Tropical Storm Fay meandered north along the Florida Atlantic coast Wednesday but did not immediately head out over the ocean, lessening the chances it will gain strength and become a hurricane. Read more

FBI scientists early on had--but destroyed--the unique strain of anthrax used in the deadly 2001 attacks that years later would lead them to Dr. Bruce Ivins, the government's top suspect in the nation's biggest bioterror case. Read more

The president of Azerbaijan has urged officials to remove his portraits from the streets before elections, in which he is seeking a second term, according to comments published Wednesday. Read more

Tropical Storm Fay meandered north along the Florida Atlantic coast Wednesday but did not immediately head out over the ocean, lessening the chances it will gain strength and become a hurricane. Read more