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Price of Oil Rises Again, Rattling the Markets Crude oil closed at $143.57 a barrel, another record, sending shudders through financial markets already worried about the prospect of a global economic slowdown. The New York TimesMicrosoft, Yahoo mull media partner options: sources (Reuters) Microsoft Corp and Yahoo Inc have been holding separate talks with other potential media partners after their negotiations with each other broke down, sources familiar with the companies' thinking said on Wednesday. yahoo.comToronto area parts maker closes plants, 2,000 jobs lost Progressive Moulded Products Ltd. confirms it has ceased operations at plants in Concord and Rexdale The Globe and MailStocks to Watch: Stocks in focus for Thursday SAN FRANCISCO (MarketWatch) -- Among the companies whose shares are expected to see active trade in Thursday's abbreviated session are Nvidia Corp., Abbott Laboratories, and AMR Corp. MarketWatch.comLehman issues shares to all its employees Lehman Brothers has issued shares to all employees representing about 20 per cent of their equity compensation for the year, a person close to the matter said FT.comStocks plunge - Dow officially in a bear market / New record-high oil prices, GM bankruptcy fears fuel Wall Street slide Wall Street resumed its sell-off Wednesday after oil hit a record and a bearish analyst report renewed concerns that General Motors Corp. could run out of cash. The stock market's pullback, which accelerated in the final hours of the week's last full trading... San Francisco ChronicleToyota to overhaul U.S. strategy after June slump HONG KONG (MarketWatch) -- Toyota Motor Corp. is planning an overhaul of it U.S. operations following weaker sales in June, with the automaker likely to introduce additional production holidays at its... India GazetteUS markets enter bear territory Leading US indices closed in firm bear market territory for the first time in the current downturn as oil prices soared above $144 and General Motors faced further questions over its liquidity. TelegraphAfter The Close - Wednesday ABBOTT LABS (ABT), the biotech titan, has received the FDA's OK for its drug-coated stent Xience V. It will launch the stent immediately. Shares... Investors.com |
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