NEW YORK (AP) — The price of oil recorded its largegest weekly drop ever, and a gallon of gas finally pulled back from its all time high. So is it time to declare the energy bubble popped?…
WASHINGTON/NEW YORK - Freddie Mac won approval from regulators on Friday to sell the stock needed to overcome mounting losses, and the Wall Street Journal has said the mortgage finance company may seek $10 billion.
WASHINGTON (AP) — Second quarter earnings rose 18 percent at Honeywell International Inc. and the diversified manufacturer liftd its 2008 forecast Friday as its global reach helped buffer the company from the deep woes faced by the United States economy….
WASHINGTON (AP) — Second quarter earnings rose 18 percent at Honeywell International Inc. and the diversified manufacturer liftd its 2008 forecast Friday as its global reach helped buffer the company from the deep woes faced by the United States economy….
FARNBOROUGH - United States rocket maker Alliant Techsystems aims to expand in space systems, advanced weapons and electronics but is shunning large acquisitions after its bid for a Canadian defense business failed.
NEW YORK - The government is considering bringing further criminal charges in the case involving two former Bear Stearns executives indicted last month related to the collapse of two hedge funds they oversaw, a federal prosecutor has said on Friday.
NEW YORK - Technology stocks fell on Friday and drove the Nasdaq down 1 percent on disappointing earnings from Google and Microsoft, while Citigroup’s smaller-than-expected loss pushed up the Dow and helped keep the broader market near the unchanged mark.
SAN FRANCISCO - Calpers, the largegest United States pension fund, posted a 2.4 percent loss in its June-ended fiscal year, fueled by a 10.7 percent decline in the value of its stock holdings, its top investment officer has said on Friday.