Archive for June 27th, 2008

Stocks slumped Friday afternoon, with the Dow crossing into bear market territory, as record-high oil prices, a weak dollar and more financial market woes rattled investors.

As oil prices continue to break records, the nation's six leading airlines have announced capacity cuts for 2008, trimming flights in major hubs and cutting off service to dozens of discount destinations.

Oil prices touched a record high near $143 a barrel on Friday as a selloff on Wall Street sends the Dow into bear market territory.

Stocks slumped Friday afternoon, with the Dow crossing into bear market territory, as record high oil prices, a weak dollar and more financial market woes rattle investors.

The Treasury Department said Friday that it sent out 9.7 million economic stimulus checks this week, totaling $7.5 billion. Only two weeks remain until the majority of the stimulus payments are distributed, according to the Treasury Department.

Would you pay over $5 for all-natural cleaner made with eucalyptus essence? How about a 20% premium for paper towels made from 100% unbleached recycled paper? Shoppers are often asked to pay more for environmentally friendly goods, but they might want to think twice before shelling out.

Would you pay over $5 for all-natural cleaner made with eucalyptus essence? How about a 20% premium for paper towels made from 100% unbleached recycled paper? Shoppers are often asked to pay more for environmentally friendly goods, but they might want to think twice before shelling out.

It's hard to miss: Americans are paying more at the supermarket checkout these days.

Oil prices touched a record high above $142 a barrel Friday, before easing a bit, as traders expect the dollar to remain weak and tense geopolitical situations continue to raise concerns about supply disruptions.

Consumer confidence sank to its third-lowest level ever in June, according to a study released Friday by Reuters and the University of Michigan.