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Obama may demand more from Europe in Berlin speech 
U.S. Democratic presidential candidate Sen. Barack Obama, D-Ill., left, is welcomed by German Chancellor Angela Merkel in the chancellery in Berlin.
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Barack Obama will probably use a speech in Berlin today to call on European allies to share more of the burden in Afghanistan, a demand that German Chancellor Angela Merkel may find hard to satisfy, analysts and lawmakers said.
``We may be in for a rude awakening,'' said Karl-Theodor zu Guttenberg, a member of parliament's foreign affairs committee from Merkel's Christian Democratic Union. ``Obama views cooperation as anything but a one-way street.''
Ford posts $8.7 billion loss on asset write-downs Ford Motor Co. said Thursday it lost $8.67 billion in the second quarter and will retool two more North American truck and sport utility vehicle plants to build small, fuel-efficient vehicles.
The net loss includes $8.03 billion worth of write-offs because of a decline in value of North American assets and Ford Motor Credit Co.'s lease portfolio. Even excluding those items, Ford lost 62 cents per share, worse than Wall Street expected. Twelve analysts surveyed by Thomson Financial, on average, expected a 27 cent loss per share.
Levees hold but waters rise in Dolly's rains Residents and recovery teams began fanning out across south Texas at dawn Thursday and cars crept along roads with darkened stoplights as the region got its first look at the destruction left by Hurricane Dolly.
Traffic picked up on local roads littered with debris as people emerged for the first time in more than 24 hours after Dolly's soaking rains and punishing winds. After crashing ashore on South Padre Island, the storm ripped roofs from homes, flooded roads and downed power lines, but the Rio Grande levees officials had feared could breach held strong.
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