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Oil falls to $116 on economic worries, dollar gains
(Reuters)
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<p><a href="http://us.rd.yahoo.com/dailynews/rss/business/*http://news.yahoo.com/s/nm/20080808/bs_nm/markets_oil_dc"><img src="http://d.yimg.com/us.yimg.com/p/nm/20080807/2008_08_07t115140_450x306_us_markets_oil.jpg?x=130&y=88&q=85&sig=3Gz.3qZNkI5R5n8x3SMSdQ--" align="left" height="88" width="130" alt="Firemen struggle to extinguish the fire at the Baku-Tbilisi-Ceyhan (BTC) pipeline near the eastern Turkish city of Erzincan August 7, 2008. (Anatolian-Muhammet Ispirli/Reuters)" border="0" /></a>Reuters - Oil dropped to a three-month low on
Friday as the dollar surged and concerns about global economic
growth weighed on demand expectations.</p><br clear="all"/> |
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Fannie Mae posts another huge loss
(Reuters)
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<p><a href="http://us.rd.yahoo.com/dailynews/rss/business/*http://news.yahoo.com/s/nm/20080808/bs_nm/fanniemae_dc"><img src="http://d.yimg.com/us.yimg.com/p/nm/20080808/2008_08_08t080816_450x300_us_fanniemae.jpg?x=130&y=86&q=85&sig=4KH1rLtPJZ6Obxhb9A8xkg--" align="left" height="86" width="130" alt="Construction workers are seen at a townhouse complex in a Denver, Colorado suburb May 16, 2008. (Rick Wilking/Reuters)" border="0" /></a>Reuters - Fannie Mae on Friday posted a
much larger-than-expected second-quarter loss and slashed its
dividend more than 85 percent to preserve capital as home loan
defaults accelerated in the bleakest U.S. housing market since
the Great Depression.</p><br clear="all"/> |
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Mass. official plans serious charges against Merrill
(Reuters)
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Reuters - Charges by Massachusetts against Merrill
Lynch & Co Inc are more serious than those against
Swiss bank UBS because they involved the manipulation
of research of auction-rate securities, the state's top
securities regulator said on Friday. |
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Wall St rallies as oil's slide spurs optimism
(Reuters)
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<p><a href="http://us.rd.yahoo.com/dailynews/rss/business/*http://news.yahoo.com/s/nm/20080808/bs_nm/markets_stocks_dc"><img src="http://d.yimg.com/us.yimg.com/p/ap/20080805/capt.e4cd42a8a3464d028a3d1b2c52750589.earns_news_corp__nyml308.jpg?x=130&y=92&q=85&sig=8z.7OMv1wRl6SSnfwxDebw--" align="left" height="92" width="130" alt="The New York Times and The Wall Street Jounal are displayed at a newsstand on Monday, July 28, 2008 in New York. News Corp. says fiscal fourth-quarter earnings jumped 27 percent, Tuesday, Aug. 6, 2008, on profit from the sale of assets and higher operating earnings in its film, cable networks and newspaper units. (AP Photo/Mark Lennihan)" border="0" /></a>Reuters - Stocks jumped on Friday as the U.S.
dollar's rally helped push oil prices down to nearly $116 a
barrel, reducing inflation fears and improving prospects for
stronger business and consumer spending.</p><br clear="all"/> |
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UBS to buy back stricken debt securities
(Reuters)
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<p><a href="http://us.rd.yahoo.com/dailynews/rss/business/*http://news.yahoo.com/s/nm/20080808/bs_nm/ubs_dc"><img src="http://d.yimg.com/us.yimg.com/p/nm/20080808/2008_08_08t055704_450x286_us_ubs.jpg?x=130&y=82&q=85&sig=8qHNZNymchCMnqRfx1goVA--" align="left" height="82" width="130" alt="The logo of Swiss bank UBS is seen on a building in Zurich July 8, 2008. (Arnd Wiegmann/Reuters)" border="0" /></a>Reuters - Swiss bank UBS AG has agreed
to buy back $19.4 billion of debt securities whose value
collapsed during the global financial crisis and to pay $150
million in fines to settle charges it misled investors,
Massachusetts' top securities regulator said on Friday,</p><br clear="all"/> |
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Bank of America gets subpoenas, reports SEC probe
(Reuters)
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<p><a href="http://us.rd.yahoo.com/dailynews/rss/business/*http://news.yahoo.com/s/nm/20080807/bs_nm/bankofamerica_subpoenas_dc"><img src="http://d.yimg.com/us.yimg.com/p/nm/20080807/2008_08_07t163513_450x331_us_bankofamerica_subpoenas.jpg?x=130&y=95&q=85&sig=M4LKr7bokEgrle2Oev8KWg--" align="left" height="95" width="130" alt="A Bank of America advertisement is seen outside one of its branches in New York July 21, 2008. (Shannon Stapleton/Reuters)" border="0" /></a>Reuters - Bank of America Corp , the
largest U.S. retail bank, said on Thursday it received
subpoenas and requests for information relating to auction-rate
securities from federal and state government agencies.</p><br clear="all"/> |
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Fannie Mae posts another huge loss
(Reuters)
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<p><a href="http://us.rd.yahoo.com/dailynews/rss/business/*http://news.yahoo.com/s/nm/20080808/bs_nm/fanniemae_dc"><img src="http://d.yimg.com/us.yimg.com/p/nm/20080808/2008_08_08t080816_450x300_us_fanniemae.jpg?x=130&y=86&q=85&sig=4KH1rLtPJZ6Obxhb9A8xkg--" align="left" height="86" width="130" alt="Construction workers are seen at a townhouse complex in a Denver, Colorado suburb May 16, 2008. (Rick Wilking/Reuters)" border="0" /></a>Reuters - Fannie Mae on Friday posted a
much larger-than-expected second-quarter loss and slashed its
dividend more than 85 percent to preserve capital as home loan
defaults accelerated in the bleakest U.S. housing market since
the Great Depression.</p><br clear="all"/> |
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Treasury bonds rebound after data, retail sales
(AP)
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AP - Treasury bond prices rebounded Thursday as investors sought safe-haven investments after a surprise jump in weekly unemployment claims and disappointing sales reports from retailers. |
Finance
