Archive for July 2nd, 2008

Oil climbs after inventory report

Wednesday, July 2nd, 2008

By Ben Rooney, CNNMoney.com staff writer. Last Updated: July 2, 2008: 11:16 AM EDTBidding for Iraq oil fieldsMore Videos IEA: Why gas is so expensiveMore Videos Oil execs talk supply, pricesMore VideosAuto sales plungeGM touches near 54-year lowBear Market Guide: Relax, make moneyConsumer confidence nears all-time lowStimulus sends personal income ...

Bonds rise on drop in private-sector jobs

Wednesday, July 2nd, 2008

By Kenneth Musante, CNNMoney.com staff writerLast Updated: July 2, 2008: 10:18 AM EDTLooking for work on the streetMore VideosNEW YORK (CNNMoney.com) -- Bond prices rose Wednesday, lowering corresponding yields, after a report revealed a larger-then-expected decline in private employment during June.The benchmark 10-year note rose 6/32 to 99 4/32. Its ...

Bad news is good news

Wednesday, July 2nd, 2008

By Paul R. La Monica, CNNMoney.com editor at largeLast Updated: July 2, 2008: 10:49 AM EDTAbout the author Auto sales plungeGM touches near 54-year lowBear Market Guide: Relax, make moneyConsumer confidence nears all-time lowStimulus sends personal income surgingIssue #1 on CNN — This week, 12pm ETStarbucks to ...

Starbucks closures just the beginning

Wednesday, July 2nd, 2008

Last Updated: July 2, 2008: 9:56 AM EDTStarbucks to close 600 storesMore VideosNEW YORK (AP) -- Starbucks Corp.'s plan to close several hundred stores is a step in the right direction but analysts say it may not be enough to solve the problems facing the company.Starbucks did not give ...

Mortgage applications rebound

Wednesday, July 2nd, 2008

July 2, 2008: 8:09 AM EDTDownsizing the American homeMore VideosCurrent Mortgage Rates TypeOverall avgs wrtBankRateLinkMtg('30yrFixedMtg');30 yr fixed mtg6.16%wrtBankRateLinkMtg('15yrFixedMtg');15 yr fixed mtg5.71%wrtBankRateLinkMtg('30yrFixedJumboMtg');30 yr fixed jumbo mtg7.32%wrtBankRateLinkMtg('51Arm');5/1 ARM5.58%wrtBankRateLinkMtg('51JumboArm');5/1 jumbo ARM6.24% WASHINGTON (AP) -- Mortgage application volume rose 3.6% during the week ended June 27, according to the trade group Mortgage ...

Hackers steal $2M from Citi ATMs

Wednesday, July 2nd, 2008

Last Updated: July 2, 2008: 10:45 AM EDTAuto sales plungeGM touches near 54-year lowBear Market Guide: Relax, make moneyConsumer confidence nears all-time lowStimulus sends personal income surgingIssue #1 on CNN — This week, 12pm ETSAN JOSE, Calif. (AP) -- Hackers broke into Citibank's network of ATMs inside 7-Eleven stores and ...

Factory orders up by 0.6% in May

Wednesday, July 2nd, 2008

Last Updated: July 2, 2008: 11:25 AM EDTChina weighs in on U.S. economyMore VideosWASHINGTON (AP) -- Orders to U.S. factories turned in the weakest performance in three months in May, reflecting slumping demand for autos, heavy machinery and steel.The Commerce Department reported Wednesday that factory orders rose by 0.6% in ...

Helmsley’s money to go to the dogs

Wednesday, July 2nd, 2008

Last Updated: July 2, 2008: 9:41 AM EDT Late billionaire Leona Helmsley requested that her $8 billion fortune go to the care and welfare of dogs.NEW YORK (AP) -- Animal welfare groups must be panting: Leona Helmsley reportedly directed that her fortune - up to $8 billion ...

Inside Lamborghini’s design studio

Wednesday, July 2nd, 2008

Inside Lamborghini's design studioWhen the Italian automaker set out to redo its offices, they needed to reflect the brand's core values - extreme, aggressive, and sensuous.By Sue Zesiger Callaway, contributorLast Updated: July 2, 2008: 11:50 AM EDT Aluminum and other auto materials dominate Lamborghini Design and Marketing ...

Auto sales plunge

Wednesday, July 2nd, 2008

By Chris Isidore, CNNMoney.com senior writerLast Updated: July 1, 2008: 7:15 PM EDT Weak demand for pickups and SUVs in the face of record $4 a gallon gas has caused Ford to delay the rollout of its 2009 F-Series pickup.6 billion dollars buys GMMore Videos More trouble ...