| MSNBC Commerce News | Top 10 | Economy, incumbency favor Bush
President Bush s re-election is a virtual certainty if you believe a model developed by a professor who tries to predict election winners based almost purely on economic factors. By Martin Wolk.
| Dow industrials hang around 10,000
Stocks traded mixed Friday, with the Dow Jones industrials wavering near the 10,000 level one day after they closed above it for the first time in more than 18 months.
| BMG, Sony ink music deal
German media giant Bertelsmann and Sony of Japan have agreed on a merger of their music units in the latest move to consolidate the ailing industry, sources close to the deal said on Friday.
| President Bush expects repayment
President Bush said Friday that Vice President Dick Cheney s former company should repay the government if it overcharged for gasoline delivered in Iraq under a controversial prewar contract.
| Dollar hits fresh low against euro
The U.S. dollar hit a new record low against the euro Friday, spurred by comments from U.S. Treasury Secretary John Snow that the market should set the value of the dollar and he wasn t concerned about its decline.
| U.S. trade gap grows
The U.S. trade deficit rose to $41.77 billion in October as Americans appetite for imports hit a record high, offsetting a sizable gain in exports, including the best showing for sales of farm products in seven years. The politically sensitive deficit with China hit an all-time high.
| Wholesale prices retreat
Wholesale prices retreated by 0.3 percent in November, pulled down by falling costs for gasoline, beef and cars, suggesting that inflation doesn t pose a threat to the economy s resurgence.
| Celebration of flight lifts off
A celebration honoring the 100th anniversary of the Wright brothers first flight leads up to a modern-day re-enactment on Wednesday.
| Earth s magnetic field weakening
The strength of the Earth s magnetic field has decreased 10 percent over the past 150 years, raising the remote possibility that it could flip the planet s poles for the first time in nearly a million years.
| Canada says P2P downloading legal
Canadian copyright regulators said downloading copyrighted music from peer-to-peer networks appeared to be legal under that country s law, but they said uploading was still prohibited.
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| | | Yahoo! News - Business | Top 10 | Stocks slip as oil prices push to fresh records
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AP - 5 minutes ago
| Market slips on weak consumer confidence
NEW YORK (Reuters) - Stocks fell on Friday, after a survey showed consumer confidence tumbled to its lowest in 28 years this month as short-term inflation expectations hit their highest since the stagflationary early 1980s.
Reuters - 18 minutes ago
| Consumers mood grim in May: survey
NEW YORK (Reuters) - Consumer confidence tumbled to its lowest in 28 years this month, a survey showed on Friday, as short-term inflation expectations hit their highest since the stagflationary early 1980s.
Reuters - 24 minutes ago
| Stocks slip as oil prices push to fresh records
NEW YORK - Stocks slipped Friday as investors' nervousness over a fresh record for oil prices dented enthusiasm over a surprising jump in new home construction.
AP - 5 minutes ago
| US housing starts jump 8.2% in April
WASHINGTON (AFP) - US housing starts and permits showed a surprisingly strong jump in April, signaling a glimmer of hope in the troubled housing market, government data showed Friday.
AFP - 57 minutes ago
| Housing posts surprising rebound in April
WASHINGTON - Construction of new homes posted the biggest increase in more than two years in April, a rare spot of good news amid the worst downturn in housing in more than two decades.
AP - 59 minutes ago
| Stocks slip as oil prices push to fresh records
NEW YORK - Stocks slipped Friday as investors' nervousness over a fresh record for oil prices dented enthusiasm over a surprising jump in new home construction.
AP - 5 minutes ago
| Market slips on weak consumer confidence
NEW YORK (Reuters) - Stocks fell on Friday, after a survey showed consumer confidence tumbled to its lowest in 28 years this month as short-term inflation expectations hit their highest since the stagflationary early 1980s.
Reuters - 18 minutes ago
| Stock futures up ahead of home construction data
NEW YORK - Wall Street headed for a modestly higher open Friday as investors watched oil prices hit a new record high and awaited data on new home construction last month.
AP - 1 hour, 52 minutes ago
| Abercrombie profit tops view; affirms outlook
NEW YORK (Reuters) - Teen apparel retailer Abercrombie & Fitch Co reported higher quarterly profit on Friday, topping Wall Street estimates, as a lower tax rate and a better gross margin helped offset the impact of lower same-store sales.
Reuters - 6 minutes ago
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