SEATTLE--(BUSINESS WIRE)--Techalt, Inc. (PINK SHEETS: TCLT - News) ("Techalt" or "Company") announced Stans Rodeo Ointment (SRO) will be dispensed at the 2008 Beijing Olympic Games. SportPharm (the compounder of SRO, FDA licensed distributor and Subsidiary Compounding arm of HNP Pharmaceuticals) will be participating in its second Olympic Games as a member of the U.S. Olympic Medical Team. SportPharm will feature SRO at the Olympic Games and packages all of the medications it dispenses for use by the U.S. Olympic Team (athletes and staff). Multiple NFL, NBA, MLB, NCAA, MLS and NHL teams utilize SportPharms dispensing databases to provide their organization with a majority of their pharmaceutical needs.  read more »

Cities compete like crazy to get the Olympics, but are they really such a prize? New research by sports economics professor Brad Humphreys suggests that cost overruns are usually out of control, and countries end up with much lower economic growth a year later -- belying all the hype that comes in advance.  read more »

A car industry bailout may save General Motors , Ford , and Chrysler for a few months, but it is likely to set a painful precedent for governments in Asia and Europe. If troubled American auto companies can get cheap and ready loans, why shouldn't their peers in China, Japan, Russia, and Europe? Which country can afford to lose its automakers? According to The New York Times, "Chinas car industry is quietly pressing Beijing for government help as it copes with a jarring slowdown." Until earlier this year, vehicle sales on the mainland were growing at double digits. That has turned into flat sales in the last couple of months and 2009 looks no better. China's auto firms have been gearing up and spending to accommodate demand which is no longer there. Granted, China does own or control most of the large, local auto companies which competing with GM, VW , and Toyota . Many industry multinationals have put billions of dollars of resources into manufacturing and marketing their cars in a market they believed would grow rapidly for another decade. The fact that the assumption is not true puts even more pressure on the Big Three. China was a country were sales were supposed to partially make up for trouble in a U.S. market that is no longer robust. A U.S. industry bailout would probably be the start of government aid to a number of car companies overseas. Europe has some healthy operators, such as VW and BMW . But, it is possible that Renault , which has a product and marketing alliance with Nissan , could move into the column of troubled companies. Auto firms in Korea, which have very modest global market share, could also run short on cash. Perhaps the car industry will become so desperate that the IMF will have to set up a new pool aimed at keeping global auto corporations alive. Top Stocks blogger Douglas A. McIntyre is an editor at 24/7 Wall St. Related reading: Another big problem at Citi Could GM take Sirius under?  read more »

This week, in lieu of a Week in Numbers, I give you NBC’s 2008 Beijing Summer Olympics by Numbers. My favorite numbers of the bunch? $25,000 - The amount each Olympic athlete is given by the USOC for a gold medal. 44 - The number countries with apparel deals with Nike at the Olympics, there are 204 countries [...]

SHANGHAI -- Across China, digital clocks had been ticking down the days, hours, minutes and seconds to Friday's Olympic Opening Ceremonies. But not here in China's largest city. As the world's athletes entered the National Stadium in Beijing on ...

All day yesterday Beijing was obscured by thick grey air, a phenomenon known
in the Chinese state media as “overcast and hazy skies”, and described by
the rest of the world as smog.

For 89 years the great black furnaces and mills of the Beijing Capital Iron
and Steel Company - commonly known as Shougang - have been churning out
pipes, plates and girders on the edge of the Chinese capital.

BEIJING : China's shares fell Friday as high oil prices prompted investors to take profit.

In light of their 2nd successful anniversary in Kuwait, Etihad Airways, Abu Dhabi's national air carrier delivers breathtaking fares to China and South Africa's capital cities, Beijing and Johannesburg from Kuwait through Abu Dhabi at exceptional exciting prices

Beijing Yanjing Brewery is to issue between 85m and 110m new shares with a value of at least Y17.88 (US$2.61) a share, after receiving approval from the China Securities Regulatory Commission, local press reported.