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Written by Hamza
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Fri, 08 Aug 2008 20:32:17 GMT
NEW YORK (AP) -- Wall Street rebounded sharply Friday as a surge in the dollar and a resulting drop in oil prices eased some of investors' worries about losses at mortgage finance company Fannie Mae. The Dow Jones industrial average jumped more than 300 points....
Fri, 08 Aug 2008 19:37:43 GMT
NEW YORK (AP) -- Oil prices dove to 5 a barrel on Friday, driven lower by a huge jump in the U.S. dollar, signs of moderating fuel demand around the world and the growing belief in the markets that commodities may have peaked....
Fri, 08 Aug 2008 20:01:28 GMT
WASHINGTON (AP) -- Fannie Mae is making bold cutbacks that will send shock waves through the mortgage market, after posting a quarterly loss Friday that was three-times larger than Wall Street expected....
Fri, 08 Aug 2008 15:19:42 GMT
BOSTON (AP) -- The Swiss bank UBS has reached a .4 billion agreement to buy back bonds in the biggest settlement yet over claims that banks misled investors to buy auction-rate securities, the Massachusetts Secretary of State's office said Friday....
Fri, 08 Aug 2008 20:45:10 GMT
NEW YORK (AP) -- The dollar soared Friday in what analysts are calling a game-changing move as concerns about the deteriorating euro zone economy gripped investors and commodities sold off....
Fri, 08 Aug 2008 20:44:23 GMT
WASHINGTON (AP) -- The efficiency of America's workers grew at a slightly slower pace in the spring as companies sought to produce more with leaner work forces. Workers' compensation growth slowed, too....
Fri, 08 Aug 2008 15:54:11 GMT
NEW YORK (AP) -- Despite a tough U.S. economy, McDonald's Corp. posted an 8 percent gain in July same-store sales on Friday as hungry consumers worldwide lined up for breakfast items and the classic Big Mac sandwich....
Fri, 08 Aug 2008 16:23:40 GMT
WASHINGTON (AP) -- Pilots are complaining that their airline bosses, desperate to cut costs, are forcing them to fly uncomfortably low on fuel....
Fri, 08 Aug 2008 18:13:31 GMT
LONDON (AP) -- The Royal Bank of Scotland posted first-half losses Friday that weren't nearly as bad as some analysts had feared, rounding out what is shaping up to be a relatively bright earnings season for Europe's biggest financial institutions....
Fri, 08 Aug 2008 17:15:26 GMT
ALBANY, N.Y. (AP) -- It's been a fixture on kitchen counters, refrigerator tops and junk drawers for decades....
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