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Oil falls below $67 on US consumer confidence drop
Oil prices fell below $67 a barrel Wednesday in Asia as a drop in U.S. consumer confidence and rising crude inventories painted a weak demand outlook. Benchmark crude for September delivery was down 61 cents to $66.62 a barrel by midday Singapore time in... Sponsored Topics: Asia - Singapore - United States - US - Oil Prices
SF Gate

Cheapo Laptop Wars
Best Buy should know better than to get in a bare knuckle mano-a-mano price war with Wal-Mart. That's like getting into a hairspray competition with a news anchor. Are you nuts? Best Buy laid down the gauntlet recently with a $299 Acer 15 inch laptop. It's a great deal, if you can find one in stock. Wal-Mart shot back this week with a Compaq 15 inch laptop for $298. Now that's what I call rolling back the prices!! One dollar! I saw the Compaq in my local Wal-Mart sales circular and noted in the fine print that each store only has 10 units. In other words, they aren't serious about selling these things like hotcakes. It's clearly a loss leader to get more computer shoppers in the store who will hopefully buy something a bit more expensive when they see the $298 laptop is out of stock. So, in the end there really isn't a cheap laptop war; just a laptop war. My questions: Will these hot teaser specials persist when Windows 7 comes out or is this just the desperate act of PC sellers dog
INC.com

Tesco Rapped Over `Misleading` Price Claims
Adverts comparing the cost of shopping at Tesco with two other supermarket chains were misleading, the advertising watchdog has ruled. The price-comparison adverts on TV and in the national press di...
Big News Network

Madoff 'very candid' with lawyer for victims
A lawyer for victims of Bernard Madoff's fraud says Madoff told him during a 4 1/2-hour jailhouse interview in North Carolina exactly how the fraud took place.
Msn

Home prices may be stabilizing somewhat
Average home prices have been increasingly slowly over the past couple of months, according to the latest report from Standard and Poors/Case-Shiller. The report noted May marked the fourth consecutive month where the annual rate of decline in the real estate index had slowed. This applied to...
NASDAQ

Alert-15:39 (Est) ACM Precious Metals Analysis: Gold Breaks Support Level as Dollar Surges amid Fragile Sentiment
Gold tumbled as resurgence in dollar strength weighed on the precious metal, causing it to drop below key support level as the dollar advanced against majors amid tentative market sentiment. The dollar weakened in early trading as improved optimism heightened risk aversion in the market, buoyed by the Dollar Index touching its lowest level of 78.3 this year. Price action in gold received muted...
Alerts Feed

Oil speculation scrutinized
WASHINGTON - With consumers hit by oil-price swings, federal regulators may be moving toward imposing limits on speculative energy trading, which some blame for price volatility.
Arizona Daily Star

Ethiopian Airlines orders five 777s worth $1.3B
Boeing Co. said that Ethiopian Airlines has ordered five 777-200 longer-range (LR) airplanes worth $1.3 billion at list prices. (BA)
Biz Journal

Seattle home price drop slows a bit
The Seattle home sale market continued slumping in May but didn't fall quite as much as in the previous month. The average home price of a Seattle home dropped 16.6 percent in May from a year earlier, compared with a 16.8 percent drop in April 2009 compared with April 2008.
Biz Journal

Gold still up...
As the week begins, the shiny yellow metal remains appealing in the market similar to the past days as the dollar is still weak and is slightly advancing against the euro and the yen, knowing that the gold and the dollar have an inverse relation. Gold prices are still forming an upside wave and are ...
IB Times

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