Archive for July 9th, 2008

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Hundreds of grounded planes. Thousands of lost jobs. Nearly two dozen price hikes. Record oil prices have battered the airline industry, and Wednesday the airlines called on Congress to act.

Cisco chief John Chambers has some bad news for the technology sector: He no longer expects the recent slowdown in tech spending to pick up until next year at the earliest.

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With Americans feeling more and more pain when they fill up on their way to work Republicans and Democrats in Congress have floated a number of energy bills which they hope will bring relief to their constituents.

Whatever good for Main Street comes out of modifying the mortgages of borrowers who are in default on their loans, the effort looks like something that would please Wall Street.

The Senate Wednesday approved a bill to put new rules in place for intelligence agency eavesdropping on suspected terrorists.

Cisco chief John Chambers has some bad news for the technology sector: He no longer expects the recent slowdown in tech spending to pick up until next year at the earliest.

Earnings jitters and a weak dollar were among the factors dragging on stocks Wednesday afternoon, as investors stepped back from the previous session's advance.