Reuters - Crude oil rose over a dollar and topped
$116 a barrel on Monday, rebounding from the previous session's
$5 decline on concern fighting between Russia and Georgia could
disrupt energy exports from the Caspian region.
Reuters - Five of North America's largest credit unions
are reporting big paper losses on mortgage-related securities,
a sign that housing-market distress is spreading even to the
most risk-averse financial sectors, the Wall Street Journal
(WSJ) said on Monday. -- read full article
Mon, 11 Aug 2008 05:48:29 GMT - Yahoo! News: Business
Reuters - In the month since Apple Inc opened
the App Store, an online software clearinghouse, users have
downloaded more than 60 million programs for the iPhone, Chief
Executive Steve Jobs told The Wall Street Journal in an
interview.
Reuters - Shares in Dutch TNT NV rose
more than 6 percent on Monday after a source said Europe's No.2
mail and logistics company was in talks with U.S. rival United
Parcel Service .
AP - The dollar's rebound and oil's tumble breathed some serious optimism into Wall Street last week. But no one knows for sure yet whether the two trends are truly antidotes for what's been ailing the stock market.
Reuters - Households consider it more likely
than ever that their stock holdings will fall in value over the
next year, a survey released on Friday said. -- read full article
Fri, 08 Aug 2008 13:49:00 GMT - Yahoo! News: Business
Reuters - Iran and Algeria are expected to discuss
the formation of an OPEC-style gas group during a visit by
Algerian President Abdelaziz Bouteflika to Tehran, Iran's
ambassador to Algeria said in remarks published on Sunday.
Reuters - Short trading in 19 major U.S.
financial stocks will revert to rules governing other shares on
Wednesday as a Securities and Exchange Commission experiment
against abusive short selling expires. -- read full article
Sun, 10 Aug 2008 17:08:26 GMT - Yahoo! News: Business
Reuters - Wall Street may extend its push for
recovery this week as investors bet that a further drop in oil
prices will restrain inflation and boost prospects for profit
growth.
Reuters - U.S. Treasury Secretary Henry
Paulson said in an interview aired on Sunday he had no interest
in staying in his post beyond January when a new administration
takes office.
Investor's Business Daily - 1 AIG's 18% dive on its big Q2 loss rattled the sector, which got worse after Moody's said it might cut American Express' debt ratings. The Dow sank 1.9%, the S&P 500 1.8%, the Nasdaq 1%. Volume rose on the NYSE but fell on the Nasdaq. Retail stocks fell on July sales. The 10-year Treasury yield fell 12 ticks to 3.92%. -- read full article
Thu, 07 Aug 2008 23:03:46 GMT - Yahoo! News: Business
Reuters - Continental is considering
buying a peer company as part of its defense against a hostile
11.3 billion euro ($17 billion) bid from Schaeffler Group, the
Financial Times reported on Saturday. -- read full article
Sat, 09 Aug 2008 11:36:11 GMT - Yahoo! News: Business
Reuters - A banking group has renewed its plea
to the Securities and Exchange Commission to broaden a rule
aimed at curbing abusive short selling and market manipulation.