September 5, 2002

Reserve Bank of Australia leaves target rate for overnight loans between banks unchanged at 4.75 percent for third month and investors are not expecting another increase in borrowing costs this year as evidence emerges that economy is slowing (S)

Bandai Co will develop new video games for Nintendo Co's GameCube video game player (S)

David Pogue State of the Art column examines Adobe's newly released Photoshop Elements 2.0; program has many of same editing features found in company's professional version at fraction of cost; some cameras will be packaged with software; this is not first time Adobe has tried to attract amateur market, but it may be most successful, as this release is much more user-friendly than previous versions; photo; drawing (M)

NYC & Co, city's convention and visitor's bureau, says slightly more Americans visited New York City in 2001 than in 2000, despite troubled economy and World Trade Center attack; domestic visitors spend nearly 10 percent less in 2001 than in 2000; number of international visitors to city dropped last year, though specific figures will not be released until later in year; 29.5 million domestic tourists visited city in 2001, compared with 29.4 million in 2000; graph; photo (M)t

Interbrew says first-half earnings fell 12 percent, compared with first six months of 2001 (S)

Oakland Athletics defeat Kansas City Royals, 12-11, to set American League record of 20 consecutive victories; photo (M)

Bank of Canada, citing uncertain prospects for American economy and turbulent financial markets, says it will leave its key overnight interest rate unchanged at 2.75 percent after three consecutive increases since April (M)

Alabama University football team, barred from postseason play for two years by NCAA for recruiting scandals, will play regular season as if not on probation and hopes to emerge ethically and physically stronger than before; photos (M)

Curators at museums throughout country plan exhibitions of artifacts collected in twelve months since September 11 terrorist attacks; photos (M)

Columbia University and University of Michigan unite to sponsor US tour of Royal Shakespeare Company's production of Salman Rushdie novel Midnight's Children (M)

Judge Warren G Morgan issues temporary injunction to block possible sale of Hershey Foods Corp after Atty Gen Mike Fisher argues that sale would cause 'irreparable harm' to Hershey, Pa; Hershey Trust Co files appeal (Market Place column) (M)

Democratic and Republican leaders say once-overwhelming influence of television advertising on political campaigns is declining, leading them to embrace old-fashioned campaign tools like phone calls and door-knocking in this year's Congressional races; candidates continue to devote most of their resources to television, but say power of commercials is being diluted by glut of cable television stations, popularity of commercial-free premium networks, frequency and similarity of political ads and growing ability of voters to fast-forward past ads; photo (M)