AP - Wal-Mart, the nation's largest retailer, has pledged to buy more produce from local farmers as it kicked off a campaign to highlight the fruits and vegetables grown in Oklahoma and sold in its stores.
Investor's Business Daily - As interest rates continue to fall, an index of home loan demand increased to 522.2 for the week ended July 11, up from 513.4 a week earlier, according to the Mortgage Bankers Association. Refinancing activity grew 6.9%, but applications for loans to buy a home dipped 1.7%. The average 30-year fixed mortgage rate fell to 6.22%. -- read full article
Wed, 16 Jul 2008 22:51:03 GMT - Yahoo! News: Business
AFP - World stock markets reeled again on Wednesday on uncertainty over the unfolding US financial crisis and the prospect of more gloomy comment from US Federal Reserve chief Ben Bernanke.
AFP - China's economic juggernaut slowed but still maintained double-digit growth in the first half of the year as it battled inflation and absorbed global setbacks, official data showed Thursday.
Reuters - Merrill Lynch & Co Inc has
agreed to sell its 20 percent stake in Bloomberg LP back to the
news and financial data company for about $4.5 billion, a
source familiar with the situation said on Wednesday. -- read full article
Wed, 16 Jul 2008 22:15:35 GMT - Yahoo! News: Business
Reuters - Oil prices steadied on Thursday, after
sharp losses on swelling stocks and fading demand in the United
States and after a fresh diplomatic initiative from Washington
over Iran.
Reuters - Inflation accelerated in June to its
fastest rate since the aftermath of Hurricane Katrina in 2005
while workers' earnings slumped, compounding the stagflationary
dilemma facing the Federal Reserve. -- read full article
Wed, 16 Jul 2008 20:38:52 GMT - Yahoo! News: Business
Reuters - Failed bank IndyMac is
under investigation by the FBI for possible fraud involving its
mortgage lending, unnamed law enforcement officials said on
Wednesday. -- read full article
Thu, 17 Jul 2008 02:20:25 GMT - Yahoo! News: Business
Reuters - Stocks rallied more than 2 percent on
Wednesday, powered by the best day for banks in 16 years as
unexpectedly strong results from Wells Fargo & Co relieved
worry about a credit crisis spiraling out of control.
Reuters - Stocks rose on Wednesday as upbeat
quarterly results from Wells Fargo & Co eased concerns
about the impact of the credit crisis on banks, while a fall of
about $4 in oil prices reduced inflation fears and fueled
optimism about consumer spending.
Reuters - Crude oil prices dropped sharply for a
second day on Wednesday after a U.S. government report showed a
surprise increase in inventories and continued weak demand in
the world's top consumer nation.
Reuters - The Federal Reserve must not
wait too long before raising interest rates or it risks a
serious problem with inflation, one of its top policy-makers
said on Wednesday. -- read full article
Wed, 16 Jul 2008 18:33:23 GMT - Yahoo! News: Business
Reuters - Wells Fargo & Co , the
fifth-largest U.S. bank, reported surprisingly strong quarterly
results and raised its dividend, easing investor fears about
mortgage losses and causing its shares to soar on Wednesday. -- read full article
Wed, 16 Jul 2008 16:35:19 GMT - Yahoo! News: Business
Reuters - Inflation accelerated in June to its
fastest rate since the aftermath of Hurricane Katrina in 2005
while workers' earnings slumped, compounding the stagflationary
dilemma facing the Federal Reserve. -- read full article
Wed, 16 Jul 2008 18:41:21 GMT - Yahoo! News: Business
