Reuters - Oil prices rose more than $1 on Monday
after energy firms in the U.S. Gulf shut down nearly all
offshore oil output and a host of flood-prone coastal
refineries ahead of Hurricane Gustav, the biggest threat since
2005's devastating Katrina.
Reuters - U.S. energy companies shut nearly all
offshore Gulf oil and gas production and raced to bring down
flood-prone Louisiana refineries on Sunday ahead of Hurricane
Gustav, which threatens to rival the wrath of 2005's Katrina.
Reuters - Consumer electronic makers are bracing
themselves for slower growth in the second half of this year
and in 2009, but count on consumers turning to home
entertainment amid tougher economic times and tighter budgets.
Reuters - U.S. energy companies shut nearly all
offshore oil production and were racing to bring down
flood-prone Louisiana refineries on Sunday ahead of Hurricane
Gustav's landfall, which could rival the wrath of 2005's
Hurricane Katrina.
Investor's Business Daily - Investors yanked $26.36 billion from stock funds in July -- the most since $44.84 billion in January. July trumps June's outflow figure of $4.82 billion, according to the Investment Company Institute. -- read full article
Thu, 28 Aug 2008 22:33:07 GMT - Yahoo! News: Business
Reuters - Alabama's Jefferson County
and lenders pulled back from the brink of a threatened
bankruptcy filing on Friday after the county proposed
restructuring $3.2 billion of soured sewer debt. -- read full article
Fri, 29 Aug 2008 23:31:51 GMT - Yahoo! News: Business
Reuters - Oil and natural gas companies shut down
production across the Gulf of Mexico on Saturday to prepare for
the worst hurricane to hit the U.S. oilpatch since 2005, as
coastal refineries braced for possible floods.
Investor's Business Daily - Consumers put the brakes on spending while personal income plunged in July, the Commerce Department said Friday, as the effect of rebate checks faded and inflation sapped buying power. -- read full article
Fri, 29 Aug 2008 22:49:06 GMT - Yahoo! News: Business
Reuters - Alaska Gov. Sarah Palin is seen as a
strong advocate for opening new areas to oil drilling,
including the Arctic National Wildlife Refuge, but has taken a
hard line in negotiations with oil companies and raised taxes
on the state's energy producers.
Reuters - Lehman Brothers Holdings Inc.
has settled on a structure that will allow it to offload
billions of dollars in real-estate loans from its books,
according to the on-line edition of the Wall Street Journal. -- read full article
Sat, 30 Aug 2008 01:57:59 GMT - Yahoo! News: Business
Reuters - Wall Street is set for another
volatile week after the Labor Day holiday, as investors track
the price of oil, key economic data and continued fallout from
the credit crisis. -- read full article
Fri, 29 Aug 2008 22:55:35 GMT - Yahoo! News: Business
Reuters - U.S. stocks tumbled on Friday, led
lower by tech shares after computer maker Dell warned that
companies worldwide are cutting back on technology spending.
Reuters - Personal income tumbled unexpectedly
in July and inflation-adjusted spending shrank as government
economic stimulus waned, but consumer spirits rose this month,
a hint the economy may muddle through its woes.
Reuters - Competition and a move away from
tailored dressing, only exacerbated by a weak economy, are
hurting the men's suit business hard, and retailers are adding
to manufacturers' pain by demanding more discounts. -- read full article
Fri, 29 Aug 2008 11:24:09 GMT - Yahoo! News: Business