Reuters - Oil prices surged more than $3 to a
record above $132 a barrel on Wednesday after a U.S. government
report showed a surprise drop in crude stockpiles,
reinvigorating fears of a worsening supply crunch.
Reuters - The Toronto Stock Exchange's main index
was little changed on Wednesday as record-setting crude boosted
energy stocks, but profit-taking and concerns over inflation
chipped away at other sectors.
Reuters - The Dow Jones industrials fell on
Wednesday as record crude oil prices fueled concerns about
inflation and cutbacks in non-essential consumer spending,
which could hurt corporate profits.
AP - Wall Street extended its decline Wednesday as oil's stubborn climb kept investors' inflation jitters alive, and as questions arose regarding potential errors in debt ratings.
AFP - Europe's main stock markets advanced on Monday, lifted by mining and metals groups after Tokyo's main share index had closed at a four-month high.
Reuters - The U.S. Securities and Exchange
Commission on Monday charged eight former executives of AOL
Time Warner, now known as Time Warner Inc , in a
fraudulent scheme that overstated company advertising revenue
by more than $1 billion.
AP - Treasury prices rebounded Monday, with investors returning to the safety of government securities after stocks gave up an early rally due to weakness in the technology sector. -- read full article
AFP - Warnings of more strong earthquakes triggered panic in China on Tuesday, sending thousands of people running for safety and triggering a sharp drop on the stock market.
Reuters - U.S. stock futures fell on Tuesday,
pointing to a lower open on Wall Street as strong oil prices
keep inflation worries high in investors' minds and put a
damper on the market's recent rally.
Reuters - Stock markets are up sharply since
March. The recent batch of economic data has not looked as dire
as feared. The U.S. Federal Reserve is finding fewer takers for
its loan auctions. A fine-art sale drew a record $86 million
price for a Francis Bacon painting.
Reuters - U.S. stock futures were flat on Monday,
as oil prices remained stubbornly high, while the technology
sector could get a lift from the latest twist in Microsoft's
pursuit of Yahoo .
AP - Wall Street headed for a flat open Monday ahead of a report expected to show the economy remains sluggish amid the continuing housing slump and credit crisis.
AP - Wall Street headed for a modestly higher open Friday as investors watched oil prices hit a new record high and awaited data on new home construction last month. -- read full article