Monthly Archives: August 2011

Obama Shouldn’t Give Up on Traditional Energy Sources (ContributorNetwork)

Written on August 30, 2011 by Editor - Business News

In advance of President Barack Obama’s speech on jobs and unemployment, Yahoo! News asked its readers and contributors to tell us what subjects they’d like to hear Obama address. Below is a first-person perspective from a reader. [Your Voice: Sign … Continue reading →

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Lehman payout plan OK’d for creditor vote (Reuters)

Written on August 30, 2011 by Editor - Business News

NEW YORK (Reuters) – Creditors of Lehman Brothers Holdings Inc (LEHMQ.PK) will be allowed to vote on the failed bank’s $65 billion payback plan, clearing a major hurdle in the path to ending the biggest bankruptcy in U.S. history. U.S. … Continue reading →

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Grim Fed pondered even bolder easing in August (Reuters)

Written on August 30, 2011 by Editor - Business News

WASHINGTON (Reuters) – The central bank in early August discussed a range of unusual tools it could use to help the economy, with some officials pressing for bold new steps to help the economy. Before settling on a promise to … Continue reading →

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Consumer confidence crumbles to 2-year low (Reuters)

Written on August 30, 2011 by Editor - Business News

NEW YORK (Reuters) – Consumer confidence plunged in August to its lowest since the 2007-2009 recession, after a bruising battle over the budget slammed stock prices and pushed the nation to the brink of default. Tuesday’s data kept alive concerns … Continue reading →

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Oil rises as East Coast refining resumes

Written on August 30, 2011 by Editor - Finance Top Stories

SymbolPriceChangeCOP67.84+0.06HES58.22-0.37SUN37.79+0.85{“s” : “cop,hes,sun”,”k” : “a00,a50,b00,b60,c10,g00,h00,l10,p20,t10,v00″,”o” : “”,”j” : “”} NEW YORK (AP) — Oil rose to near $89 per barrel Tuesday on expectations that supplies will be tighter in the wake of Hurricane Irene. The storm forced several refineries and … Continue reading →

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Some Fed officials sought more economic stimulus

Written on August 30, 2011 by Editor - Finance Top Stories

WASHINGTON (AP) — Some Federal Reserve officials pushed in August for a more aggressive response to the economy’s slowdown. They settled for a plan to keep rates near zero for another two years and won agreement to discuss more options … Continue reading →

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Stocks rise on hopes for more stimulus from Fed

Written on August 30, 2011 by Editor - Finance Top Stories

SymbolPriceChangeBA66.03+1.43BBY25.23-0.20KSS46.63-1.04{“s” : “ba,bby,kss”,”k” : “a00,a50,b00,b60,c10,g00,h00,l10,p20,t10,v00″,”o” : “”,”j” : “”} NEW YORK (AP) — The mere discussion of more economic stimulus from the Federal Reserve was enough to send stocks higher Tuesday. The Dow Jones industrial average rose 20 points, its … Continue reading →

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Russian oil teams up with Exxon Mobil

Written on August 30, 2011 by Editor - Finance Top Stories

SymbolPriceChangeBP39.39+0.14COP67.84+0.06XOM73.91-0.21{“s” : “bp,cop,xom”,”k” : “a00,a50,b00,b60,c10,g00,h00,l10,p20,t10,v00″,”o” : “”,”j” : “”} MOSCOW (AP) — Russia’s state-owned Rosneft teamed up with U.S. company Exxon Mobil on Tuesday in a multibillion deal to develop offshore oil fields in the Russian Arctic — one of … Continue reading →

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Automakers bet consumers still want compact cars

Written on August 30, 2011 by Editor - Finance Top Stories

SymbolPriceChangeGM23.58-0.21{“s” : “gm”,”k” : “a00,a50,b00,b60,c10,g00,h00,l10,p20,t10,v00″,”o” : “”,”j” : “”} DETROIT (AP) — Automakers are gearing up to make more compact cars this year. It’s another bet on a part of the car market that has thrived this year as consumers … Continue reading →

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Planes, trains, buses return to normal — almost

Written on August 30, 2011 by Editor - Finance Top Stories

SymbolPriceChangeJBLU4.37+0.01{“s” : “jblu”,”k” : “a00,a50,b00,b60,c10,g00,h00,l10,p20,t10,v00″,”o” : “”,”j” : “”} NEW YORK (AP) — There wasn’t a spare seat to be found on planes or buses Tuesday as travelers stranded by Hurricane Irene finally headed home. The nation’s transportation system was … Continue reading →

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