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Yahoo! News: Business Updated : Thu, 21 Aug 2008 21:42:18 GMT
Oil up 5 percent on global tensions, soft dollar (Reuters) Reuters - Oil prices rose nearly 5 percent on Thursday, the biggest percentage gain in more than two months, driven by rising tensions between the United States and energy behemoth Russia. Publ.Date: Thu, 21 Aug 2008 19:58:04 GMT Source: Yahoo.com
Fannie and Freddie debt gains, deep share dive abates (Reuters) Reuters - Investors' growing belief in the likelihood of a federal bailout of home-funding giants Fannie Mae and Freddie Mac triggered a rally in the debt prices of the two companies on Thursday while a steep fall in their shares prices abated. Publ.Date: Thu, 21 Aug 2008 21:11:28 GMT Source: Yahoo.com
Cost-cutting boosts Gap's 2nd-quarter profit (AP) AP - Apparel retailer Gap Inc. said Thursday that its second-quarter profit rose 51 percent, despite a sales decline, helped by cost-cutting and tight control on inventory. Publ.Date: Thu, 21 Aug 2008 21:30:32 GMT Source: Yahoo.com
Three big banks settle with NY state over ARS (Reuters) Reuters - New York Attorney General Andrew Cuomo on Thursday said Merrill Lynch & Co Inc , Deutsche Bank (DBKGn.DE) and Goldman Sachs have agreed to settlements regarding their auction rate security sales practices. Publ.Date: Thu, 21 Aug 2008 21:42:18 GMT Source: Yahoo.com
Trends & Innovations - Wednesday (Investor's Business Daily) Investor's Business Daily - The proportion of working-age Americans facing medical debt rose to 72 mil or 41% last year, up from 58 mil or 34% in '05, according to a new survey by the nonprofit Commonwealth Fund. About half of those facing health debt have up to $2,000 in bills, while 12% have more than $4,000 in debt and another 12% have more than $8,000. The survey also found most of those with medical debt said they had exhausted their savings, with some also tapping into credit cards, home equity or cutting back on food or heat to cover health care costs. Publ.Date: Wed, 20 Aug 2008 22:56:43 GMT Source: Yahoo.com
Markets await Bernanke as central bankers gather (Reuters) Reuters - Federal Reserve Chairman Ben Bernanke tackles financial stability in a key speech on Friday but economists doubt he will provide solid clues about future policy action to calm the credit crunch. Publ.Date: Thu, 21 Aug 2008 21:14:58 GMT Source: Yahoo.com
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