Exxon Mobil Q2 earnings surge amid higher oilPrices
Exxon Mobil reported second quarter profits up 39 percent to 5.79 billion dollars, 88 cents per share, on revenue of 70.69 billion. Production, refining, and chemicals all rose sharply led by exploration gains outside the United States. Iran-based Iraqi and Yukos developments influenced crude markets as futures hit high levels.
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Yukos
Cmde
New York Mercantile Exchange
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Oil prices ease from 21-year high amid Yukos standoff
Oil traders kept prices above 42 dollars as Yukos tax debt and Russian actions fueled volatility. U S light crude settled at 42 75 a barrel after a spike to 43 05 intraday while Brent fell to 39 25 as markets weighed Russian authorities back tax battle and potential production shutdowns.
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Yukos Oil Company
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Wall Street Buoys Higher Amid Oil Fears and Earnings
Wall Street rose modestly as investors weighed strong corporate earnings against high oil prices and potential economic headwinds. Dow gained 12.17 to 10,129.24, Nasdaq rose 1.2 percent, while S&P 500 added 0.5 percent as crude surged on Yukos dispute and labor data showed wage growth easing.
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Tariffs proposed on shrimp imports from four nations
The Bush administration proposes antidumping duties on shrimp from Brazil Ecuador India and Thailand, aiming to curb artificially low prices accused of hurting U S producers. Final ruling by December and February determinations will decide damages and scope. Eddie Gordon of the Southern Shrimp Alliance calls the duties a mixed victory.
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Southern Shrimp Alliance
Krispy Kreme shares tumble on regulator inquiry
Krispy Kreme Doughnuts shares fell over 15 percent after the company said federal regulators are examining its franchise repurchases and recent profit guidance. The firm cooperates with the SEC in an informal inquiry. A spokeswoman provided no further details.
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N.C
Krispy Kreme Doughnuts Inc
Securities and Exchange Commission
Krispy Kreme
Winstor-Salem
Amy Hughes
Associated Press
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