Business News
-
Navy alters course, to buy 3rd DDG-1000 ship Bowing to congressional pressure, the U.S. Navy said it will buy a third DDG-1000 destroyer in fiscal year 2009, as initially planned, instead of canceling the $29 billion program after just two ships. Read more »
-
Airlines predict passenger decline Major U.S. airlines will see a 6 percent drop in passengers during the eight-day Labor Day holiday period as high oil prices continue to roil the industry, the airlines' trade organization predicted on Monday. Read more »
-
Oil falls to $112 on global demand worries Oil dropped more than $2 to $112 a barrel on Friday on growing concerns about demand in industrialized nations and the stronger dollar. Read more »
-
Wall St jumps as oil drops, financials rally U.S. stocks rose in thin tradingThursday after oil prices fell anew, buoying hopes that consumer spending will recover, while financial shares rebounded from a sharp two-day sell-off. Read more »
-
Financials extend losses; S&P 500 off 1 pct U.S. stocks fell Wednesday, sending the Dow and the S&P 500 down more than 1 percent, as financial shares sold off on worries about the widening scope of mortgage losses, while disappointing earnings from Deere & Co heightened concerns about the economy's health. Read more »
-
Mounting bank credit woes hobble Wall St U.S. stocks fell Tuesday, as bank shares tumbled on fresh worries about the economy and further losses stemming from the mortgage crisis. Read more »
-
Nasdaq up 1 pct as oil drops, dollar strengthens U.S. stocks added to gains Monday, with the Nasdaq climbing more than 1 percent, as the stronger dollar boosted the allure of U.S. investments and Citigroup projected strong sales for Amazon.com Inc's electronic book reader. Read more »
-
Nasdaq turns positive as oil falls The Nasdaq reversed losses and moved into positive territory on Wednesday while the Dow and S&P 500 pared losses as the price of oil fell, helping to offset a slide in financial shares. Read more »
-
Lower oil boosts Wall St U.S. stocks extended gains Tuesday, lifting the Dow more than 2 percent, as a sharp pullback in oil prices fueled hopes of a consumer and business spending revival and eased inflation concerns. Read more »
-
Financial shares lead Wall Street lower U.S. stocks fell Monday as investors feared the housing slump will spawn further losses for the financial sector, compounding the troubles facing the U.S. economy. Read more »
|
|