AP - Rich and poor nations have more in common this year — a growing sense of economic insecurity, the U.N. says in an annual survey of world economic and social trends released Tuesday. -- read full article
Reuters - U.S. auto dealer Lithia Motors Inc
said on Tuesday it would withdraw its earnings outlook,
citing weak June vehicle sales and the shift in consumer demand
due to rising gas prices. -- read full article
AP - High gasoline prices have dramatically changed Americans' views on energy and the environment with more people now viewing oil drilling and new power plants as a greater priority than energy conservation than they did five months ago, according to a new survey.
AP - Each week, Ira Cooper opens a letter from another supplier with the same message as the last: We're raising our prices, effective immediately. We can't tell you how long the new prices will last.
Reuters - Treasury Secretary Henry Paulson on
Tuesday said the United States and Germany agreed that a
breakthrough in the Doha round of trade talks would help
control world food price inflation, but high oil prices
required longer-term solutions.
Reuters - Soaring commodity costs are
denting manufacturing activity in Asia and Europe and the
outlook looks bleak as new orders drop off in the face of
rising prices, surveys showed on Tuesday.
AP - The Federal Reserve has auctioned another $75 billion in loans to squeezed banks to help them overcome credit problems and announced it will provide a fresh batch of the loans this month.
AP - A new poll shows high gasoline prices have dramatically changed Americans' views on energy and the environment. More people now say expanding oil drilling and building new power plants is a bigger priority than energy conservation. -- read full article
Reuters - Manufacturing expanded in June for the
first time in five months, helped by a weak dollar, but
inflation pressures soared to their highest since the
stagflation-ravaged 1970s, according to a report that
highlighted the bind facing policy-makers.
AP - General Motors Corp. outsells Toyota Motor Corp. in June to retain its traditional U.S. sales lead, even though GM says its sales dropped 18.2 percent for the month.
AP - Each week, Ira Cooper opens a letter from another supplier with the same message as the last: We're raising our prices, effective immediately. We can't tell you how long the new prices will last.
Reuters - The Dow and S&P 500 were little
changed on Monday on the final trading day of the second
quarter as record oil boosted energy shares, offsetting weak
financial stocks amid nagging concerns of further credit
losses.
Reuters - The U.S. economy continues to bump
along at a slow level of growth but has probably not fallen
into recession, a series of regional purchasing managers'
reports suggested on Monday.
