Archive for August 4th, 2008

Stocks closed lower Monday, the third consecutive day of declines, as falling oil prices could not completely overcome concerns about the health of the nation's economy.

It was easy to scoff two years ago when word leaked out that Amazon was launching its own digital music service. The Seattle-based online retailer wasn't just mulling an iTunes-like download store - it was supposedly drawing up plans for a branded iPod-like device.

Unless the Federal Reserve wants to completely freak out Wall Street, the central bank is not going to raise or cut interest rates Tuesday. The market is prepared for no change.

Oil prices fell below $120 a barrel for a time Monday as a tropical storm in the Gulf of Mexico turned to miss oil facilities and amid indications of political compromise of further off-shore drilling.

More and more foreign companies are scooping up American rivals. But U.S. banks are turning out to be the wallflower at the global merger dance.

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Personal income rose slightly in June after surging in May when the first wave of stimulus checks arrived, the government reported Monday.

In the early morning hours last Sept. 11, a black Town Car pulled up to the entrance of New York-Presbyterian Hospital in Manhattan. Inside the sedan Jimmy Cayne, the CEO of Bear Stearns, was close to death.