Today in Business: Tuesday, July 8, 2008

Published: July 8, 2008

NEW YORK — U.S. financial companies have lost more than $1 trillion in value this year, and yet another decline on Monday shows concerns aren't going away soon.

Banks and brokerage stocks began the week lower on the same fears that have been proven toxic since last summer in the ongoing credit crisis. The drop in names like Lehman Brothers, Morgan Stanley and Merrill Lynch caused the financial section of the Standard & Poor's 500 index to lose almost $150 billion in value on Monday. That means S&P 500's 85 financial components have lost some $1.3 trillion since the sector high last October.

The Associated Press

The governor's EDGE endowment fund was created to turn Oklahoma into the "research capital of the Plains,” but it goes much deeper than that, said Paul Risser, executive director of the fund's policy board. Page 2B

Barack Obama and John McCain agree on this much: The economy is staggering under the Bush administration, and Americans are hurting. But who's to blame and how best to fix it?

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In Bricktown, the new McDonald's is open, and it looks nothing like the original suburban renderings submitted to the Bricktown Urban Design Committee. The all-brick structure, designed to sit snug into the corner of Reno and Byers, has been hailed as an example of working with the standards set within a historic district.

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