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Today’s headlines
Huge losses saddle top airlines
American and United point to labor and fuel costs, while US Airways posts a loss but still exceeds expectations.

Microsoft to boot Java from Windows
Microsoft said it won't include software for running Web pages that use Java in its upcoming version of Windows, a move analysts and legal experts said could cause massive damage to the programming language.

Business today
HOUSING STARTS CLIMB: Housing construction rose 3 percent in June to a seasonally adjusted annual rate of 1.66-million, the Commerce Department said. That followed a revised 1 percent decline in May. The increase was the largest since starts jumped almost 9 percent to 1.66-million in January. Analysts had expected starts to decline 1.4 percent from May.

Resumes? Interviews? In the 21st century?
Since their industry nose-dived, dot-commers have been forced to learn how to find work the old-fashioned way.

Comcast cable bid rejected
AT&T says no to the offer but also postpones its own plans to spin off its cable division.

Fed words further frustrate markets
Alan Greenspan's downbeat warning on the economy drives the markets down despite hints of another interest rate cut.