| U.S. Economy Headlines |
| Stocks gain after tame CPI data
(Reuters)
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| Reuters - Stocks rose on Friday, helped by a
government report that showed underlying price pressures rose
moderately in May, easing fears that inflation would force a
near-term rise in interest rates.
-- read full article |
| Fri, 13 Jun 2008 17:06:15 GMT - Yahoo! News: Economy News |
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| Oil slips to $135 after OPEC questions high price
(AP)
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| AP - Oil prices pulled back Friday after OPEC questioned whether crude can remain so high through the rest of the year and the dollar gained against the euro. Meanwhile, U.S. filling station operators pushed average gas prices deeper into record territory.
-- read full article |
| Fri, 13 Jun 2008 18:50:28 GMT - Yahoo! News: Economy News |
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| Hummer dealers uneasy as GM weighs possible sale
(AP)
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| AP - As if high gas prices, a weak economy and a strike by a major supplier weren't enough to drag down Hummer's sales, Hummer dealers are now reeling from the news that General Motors Corp. may consider selling the brand.
-- read full article |
| Thu, 12 Jun 2008 19:34:24 GMT - Yahoo! News: Economy News |
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| Oil prices rebound on Nigeria, technical factors
(AP)
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| AP - Oil prices rebounded from a steep early loss to end modestly higher Thursday in another volatile session fueled by a rising dollar and concerns about supplies. Gas prices reached new record at the pump, rising to a national average of $4.06 a gallon, and are likely to keep rising.
-- read full article |
| Thu, 12 Jun 2008 20:07:02 GMT - Yahoo! News: Economy News |
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| Stocks rise on retail sales, BUD deal
(Reuters)
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| Reuters - Stocks rose on Thursday after a
stronger-than-expected May retail sales report and a $46
billion takeover bid for Anheuser-Busch from an overseas rival
helped the market recover from a string of deep losses.
-- read full article |
| Thu, 12 Jun 2008 20:49:59 GMT - Yahoo! News: Economy News |
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| Dollar lifted by strong retail data
(AFP)
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| AFP - The dollar firmed Thursday as a stronger-than-expected reading of US retail sales eased fears about a sharp US economic slump and traders braced for a meeting of G8 finance ministers.
-- read full article |
| Thu, 12 Jun 2008 21:20:26 GMT - Yahoo! News: Economy News |
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| Treasury prices decline following sales report
(AP)
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| AP - Treasury prices plunged Thursday after a jump in retail sales last month bolstered a notion that an inflation-wary Federal Reserve might have more leeway to begin raising interest rates. The yield on the 10-year note soared to its highest level of the year. -- read full article |
| Thu, 12 Jun 2008 22:02:59 GMT - Yahoo! News: Economy News |
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| Today's high oil prices could be here to stay
(AP)
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| AP - Damien Barilko, co-founder of the Paris electric bike company Velocito, said sky-high gas prices have finally succeeded where environmentalists and governments have failed: persuading motorists to go green.
-- read full article |
| Thu, 12 Jun 2008 23:52:46 GMT - Yahoo! News: Economy News |
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