Monthly Archives: May 2008

Saudi Arabia Says It Will Boost Oil Output in June (Update5) By Janine Zacharia May 16 (Bloomberg) — Saudi Arabia, the world’s largest oil exporter, will increase crude production next month in response to rising demand from its customers and … Continue reading →

APStocks pare losses to finish mixed after oil spikesFriday May 16, 6:00 pm ET By Tim Paradis, AP Business Writer Stocks end mixed as investors digest spike in oil prices, surprise gain in home construction NEW YORK (AP) — Wall … Continue reading →

ECONOMIC REPORT Housing starts surge on condo construction Single-family starts continue falling, touch 17-year low By Rex Nutting, MarketWatch Last update: 9:20 a.m. EDT May 16, 2008 WASHINGTON (MarketWatch) — U.S. home builders broke ground on 8.2% more homes in … Continue reading →

ReutersConsumers’ mood grim as early-80s in MayFriday May 16, 10:34 am ET By Burton Frierson NEW YORK (Reuters) – Consumer confidence tumbled to its lowest in 28 years this month, a survey showed on Friday, as short-term inflation expectations reached … Continue reading →

Oil price surges to record high near 128 dollars 3 hours ago LONDON (AFP) — The price of oil rocketed to a record high of 127.82 dollars per barrel on Friday, as US President George W. Bush prepared to urge … Continue reading →

BusinessWeek Microsoft Moves on Yahoo May 15, 2008, 12:10AM EST text size: TT Icahn Begins Yahoo Board Battle The billionaire investor proposed a slate of directors to replace Yahoo’s board, but will Microsoft take the bait? by Robert Hof As … Continue reading →

CBS to buy online pioneer CNet for $1.8 billion By Steve Gelsi, David B. Wilkerson & John Letzing, MarketWatch Last update: 12:10 p.m. EDT May 15, 2008 NEW YORK (MarketWatch) — CBS Corp. will acquire CNet Networks Inc., a pioneering … Continue reading →