AP - Wall Street capped a week of big gains with modest moves Friday as investors grappled with surging energy prices that overshadowed news of a surprise increase in home construction.
Investor's Business Daily - 1 June crude rose $2.17 to $126.29 after hitting $127.82 on Goldman Sachs' forecast that prices will average $141 in the 2nd half. China may up imports of diesel, squeezing already tight global supplies of distillates. The U.S. will stop adding to petroleum stockpiles, bowing to heavy pressure from Congress. Retail gasoline prices neared $3.78 a gallon. -- read full article
AP - After nine months of turmoil that started with the collapse of the subprime mortgage market, Wall Street appears to be at a turning point of sorts.
AFP - Europe's main stock markets diverged on Thursday as companies published mixed earnings news, and after share-price gains in Tokyo and overnight on Wall Street, dealers said.
Reuters - Berkshire Hathaway Inc (BRKa.N),
billionaire Warren Buffett's investment company, no longer held
any Ameriprise Financial Inc stock as of March 31,
according to a U.S. regulatory filing on Thursday.
AFP - Shares in mining giant BHP Billiton hit an all time high on the Australian stock exchange Wednesday on talk that a Chinese entity was seeking a stake in the group.
Bloomberg - May 14 (Bloomberg) -- Democratic presidential candidate
Barack Obama picked up the endorsement today of three former
chairmen of the Securities and Exchange Commission, two of whom
were appointed by Republican presidents. -- read full article
AFP - Europe's main stock markets steadied on Wednesday after a mixed close on Wall Street overnight and as the price of oil fell from a record high point, dealers said.
Reuters - Three former chairmen of the U.S.
Securities and Exchange Commission endorsed Democratic
presidential candidate Barack Obama on Wednesday, bolstering
the Illinois senator's economic credentials and bipartisan
appeal as he closes in on his party's nomination.
AP - Treasury prices traded mixed Wednesday, after investors briefly rallied on a report showing mild April inflation but then gave up gains as stocks advanced. -- read full article
Reuters - Stocks rose on Wednesday in light
trading after a modest rise in consumer prices in April cooled
inflation fears while Macy's Inc and Freddie Mac
posted reassuring quarterly results.
Reuters - Dutch financial services group ING Groep
will launch next week South Korea's first mutual fund
investing solely in Taiwan stocks on hopes that ties between
China and Taiwan will improve and that the technology cycle is
bottoming out, an executive said. -- read full article
AP - Securities regulators on Wednesday charged Broadcom Corp. co-founders Henry T. Nicholas III and Henry Samueli with falsifying the company's reported income, leading to what is believed to be the largest accounting restatement yet because of backdating stock options. -- read full article
