Archive for May 27th, 2008

It's hard to imagine that ExxonMobil shareholders could be so unhappy. After all, the world's largest publicly-owned energy company rode the surge in oil prices to a record $40 billion in earnings last year, making it by far the most profitable Fortune 500 company. Shares are up 10% in the last year, while the S&P500 has fallen by just as much.

When Don Cressman opened his monthly credit card statement, he was shocked to find some exorbitant fees added onto his bill.

It's getting harder and harder to deny that the economy is in recession.

Falling oil prices gave a boost to stocks Tuesday afternoon, with the market finding some momentum late in a choppy session.

It always seemed as if Harry Macklowe, the most famous of New York City's swashbuckling developers, was fated to lose his real estate empire one day. In good times, he borrowed heavily to expand. In bad times, Macklowe avoided catastrophe by sweet-talking his bankers - or battling them in court.

Oil prices tanked Tuesday as traders pulled back following the unofficial opening of the peak summer driving season.

New home sales rose unexpectedly in April but remained near historically low levels, according to a key government report on the battered housing market.

Tech shares gained and the broader market was mixed Tuesday afternoon, after an upbeat morning, as lower oil prices and a report showing a surprise rise in new home sales competed with ongoing concerns about the economic outlook.

Think of it as a popularity contest for companies: Each year, Universum surveys MBA candidates on where they'd most like to work. An exclusive Fortune.com list.

When Don Cressman opened his monthly credit card statement, he was shocked to find some exorbitant fees added onto his bill.