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Week In Pictures
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Oil prices were slightly higher in Asia on Wednesday as investors awaited a weekly crude inventory report for evidence an economic slowdown in the U.S. is cutting consumer demand for oil products such as gasoline.
U.S. stocks appeared headed for a rebound Wednesday after an upbeat profit report from Hewlett-Packard Co. offered investors reassurance about the economy.
Wall Street retreated Monday after Fannie Mae and Freddie Mac fell to their lowest levels in nearly 20 years on concerns that the government might need to bail out the mortgage financiers. Weakness in the overall financial sector sent the Dow Jones industrial average down more than 175 points.
Whether or not the government is actually on the verge of taking over mortgage finance companies Fannie Mae and Freddie Mac, investor fears that a bailout is imminent could turn such a worst-case scenario into reality.
New mining jobs in western Kentucky are attracting hundreds of workers to Union County.
The Kroger Co. says it has placed signs in its meat departments in the Cincinnati and Dayton areas with information on the latest Nebraska Beef recall.
The dollar continued its rise against the euro Friday amid hopeful signals on the U.S. economy, falling oil prices and gloom about the European economic outlook.
Wall Street closed mixed Friday after playing out a now familiar scenario: Upbeat sentiment about falling oil prices flagged amid ongoing concerns about weak credit markets and the economy. The major indexes also turned in a mixed performance after another volatile week.
Stock futures pointed to a modest advance Friday as oil prices dropped back below $114 a barrel, suggesting to Wall Street that consumers' energy bills will become more manageable.
