Business News Headline - 16 August, 2008

Reuters - Lehman Brothers is in talks for potential sale of its $40 billion portfolio of commercial real estate and securities in an effort to bolster its finances following costly credit-related write-downs, the Financial Times said in its online edition.

Reuters - UBS AG's chairman is sure the troubled Swiss bank will still be independent in two years' time, according to an interview published on Saturday.

Reuters - J.C. Penney Co Inc and Abercrombie & Fitch Co reported quarterly profits that beat Wall Street expectations on Friday, but came up short in their earnings forecasts, joining other U.S. retailers who fear a deeper slowdown in consumer spending toward year's end.

Troy Hitch talks about You Suck at Photoshop, a hit series of Web videos created to explore viral marketing concepts. Hitch is the creative director for the agency Big Fat Brain.

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Olympic athletes have not disappointed fans at this year's games in China. But how does NBC's coverage measure up to that of past games? We pick apart the presentation of the Olympic games in Beijing.

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