Momentum grows for new US economic stimulus plan
White House signals openness to action after Bernanke warns slump could last. President Bush supports ideas to boost the economy, with talks of a post election special session and potential package up to 150 billion dollars backed by Democrats while Republicans hedge on timing and scope.
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North Carolina gas stations to repay customers over price gouging
North Carolina AG says six gas stations including Circle B in Fayetteville and five Big D outlets in Murphy Marble and Hayesville agreed to refunds for inflated prices after Hurricane Ike. Circle B will repay 1.50 per gallon and Big D up to 4.99 per gallon, with civil penalties of 5,000 and 10,000 dollars respectively.
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Hayesville
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Wall Street rises on credit hopes and Fed talk
Wall Street advanced as optimism over a revived credit market lifted the Dow by over 400 points with all major indexes rising more than 3 percent. Improved bank lending rates eased uncertainty about a recession, while Ben Bernanke signaled possible further government steps to aid the economy. Analysts warned of volatility ahead, but investors grew hopeful that the worst is behind them. Halliburton topped earnings estimates as markets awaited a wave of reports this week.
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Ben Bermanke
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Bemanke
Ryan Larson
Voyageur Asset Management
Halliburton Co
Dave Lesar
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