Archive for May 13th, 2008

Stocks tumbled Tuesday afternoon as investors eyed record oil and gas prices, Hewlett-Packard's nearly $14 billion acquisition of EDS and Wal-Mart's muted profit forecast.

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Single-family home prices dropped 7.7% in the first quarter in the largest year-over-year decline since the National Association of Realtors began reporting prices in 1982.

Politicians in Washington are busy arguing about the financial and moral hazards of coming to the aid of troubled homeowners.

Congress, as part of a plan to tame record oil prices, is voting Tuesday on measures aimed at stopping President Bush from continuing to fill the nation's Strategic Petroleum Reserve.

Stocks slipped modestly Tuesday morning as investors weighed Hewlett-Packard's nearly $14 billion acquisition of EDS, Wal-Mart's better earnings and tepid forecast and another record for gas prices.

The economic downturn is hitting middle-aged and older American workers hard, forcing more than one in four to postpone retirement, according to a survey released Tuesday by the AARP.

What do you do if you have several billion dollars burning a hole in your pocket?

The soaring price of gas has convinced New Jersey resident Eric Scott to trade the comfort of his car for a seat on the train every morning after 17 years of driving to the office.