Archive for July 16th, 2008

Oil lower ahead of inventory data

Wednesday, July 16th, 2008

Last Updated: July 16, 2008: 9:34 AM EDTBush: Lift offshore drilling banMore VideosSpecial Reportfull coveragePricey gas: Fewer cops, more potholesOPEC's empty toolkitSizing up Iran's oil threatAwash in oil moneyOil's 2nd biggest dollar dropFuel hits airlines hardNEW YORK (CNNMoney.com) -- Oil prices eased Wednesday ahead of the government's weekly inventory report, which ...

Paulson grilled on Fannie, Freddie

Wednesday, July 16th, 2008

By Chris Isidore, CNNMoney.com senior writerLast Updated: July 15, 2008: 4:42 PM EDTFed cracks down on shady lendingMore VideosFannie,Freddie: too key to failMore VideosPrice jump worst since '91Delta tops earnings estimates despite oilSEC to limit Fannie, Freddie short salesWhere Americans will (and won't) cut backStimulus made no difference, small-biz owners ...

Bernanke gloomy on economy

Wednesday, July 16th, 2008

By Chris Isidore, CNNMoney.com senior writerLast Updated: July 15, 2008: 5:06 PM EDTFannie,Freddie: too key to failMore Videos Fed cracks down on shady lendingMore VideosPrice jump worst since '91Delta tops earnings estimates despite oilSEC to limit Fannie, Freddie short salesWhere Americans will (and won't) cut backStimulus made no difference, small-biz ...

TREASURIES-Prices fall as U.S. inflation accelerates

Wednesday, July 16th, 2008

*U.S. Treasuries prices fall as U.S. inflation hits 5 pct *Credit concerns give Fed less room to fight inflation *Stocks expected to open flat (Updates prices, commentary) ...

US STOCKS-Flat Wall St open eyed; CPI offsets Wells Fargo

Wednesday, July 16th, 2008

* U.S. consumer prices surge in June, fan inflation worry * Bernanke to testify for 2nd day on economy * Well Fargo beats profit views, stock higher (Updates prices) By Ellis Mnyandu ...

LDK Solar signs 10-year deal with Photovoltech

Wednesday, July 16th, 2008

(Adds dateline, new throughout) NEW YORK, July 16 (Reuters) - Chinese solar company LDKSolar Co Ltd (LDK.N: Quote, Profile, Research, Stock Buzz) on Wednesday said it signed a 10-yearcontract to supply about 400 megawatts of solar wafers toBelgium-based Photovoltech. ...

American Eagle wins injunction against Payless

Wednesday, July 16th, 2008

NEW YORK, July 16 (Reuters) - American Eagle Outfitters Inc(AEO.N: Quote, Profile, Research, Stock Buzz) said on Wednesday that it has won a preliminaryinjunction against Payless ShoeSource Inc in a trademarkinfringement and unfair competition lawsuit. Apparel retailer American Eagle said the ...

TransCanada, Conoco to extend pipeline for $7 bln

Wednesday, July 16th, 2008

TORONTO (Reuters) - TransCanada Corp (TRP.TO: Quote, Profile, Research, Stock Buzz) and its partner ConocoPhillips (COP.N: Quote, Profile, Research, Stock Buzz) will expand their Keystone crude oil pipeline system from Western Canada to the U.S. Gulf Coast and add 500,000 barrels per day capacity in 2012, ...

Brazil striking oil workers to meet with Petrobras

Wednesday, July 16th, 2008

SAO PAULO, July 16 (Reuters) - Oil workers who are now in their thirdday of a strike in Brazil's offshore Campos Basin will sit down with thestate-run energy company Petrobras (PETR4.SA: Quote, Profile, Research, Stock Buzz)(PBR.N: Quote, Profile, Research, Stock Buzz) later Wednesday, aunion leader ...

CSX sees ‘09 price increases above inflation – CEO

Wednesday, July 16th, 2008

CHICAGO, July 16 (Reuters) - U.S. railroad CSX Corp (CSX.N: Quote, Profile, Research, Stock Buzz)should see price increases in 2009 above the rate of inflation,the company's top executive said on Wednesday. In a conference call with analysts, Chief Executive MichaelWard said ...