Wall Street slides after services data miss and orders dip
Investors cooled after a four day rally as services data and factory orders came in below forecasts. Dow fell 65.63 to 8675.24 S&P 500 dropped 12.98 to 931.76 Nasdaq down 10.88 to 1825.92. AEGON NV to withdraw from UK Group Risk market to reallocate capital to higher growth units.
MENTIONED IN THIS ARTICLE
U.S
Standard & Poor
Aegon NV
Aegon USA
Cedar Rapids
United Kingdom
AEGON
Energy prices slump after crude oil surplus report
Energy prices eased after the Energy Department analysis showed crude oil inventories rose nearly 3 million barrels, about 20 percent above a year earlier. Benchmark crude for July delivery fell 3.5 percent to 66.12 dollars per barrel on the NYMEX while pump prices rose about 2 cents to 2.548 dollars per gallon.
MENTIONED IN THIS ARTICLE
New York Mercantile Exchange
Energy Department
Energy Information Administration
Auto Club Aaa
FedEx to Book $1.2 Billion in Charges in Q4
FedEx plans to record about $1.2 billion in charges in its fiscal fourth quarter as write downs exceed earlier estimates. About $900 million relates to the 2004 purchase of Kinko's, now FedEx Office, with an additional $90 million for the 2006 acquisition of a trucking firm and affiliates.
MENTIONED IN THIS ARTICLE
FedEx
Memphis, Tenn
GM and Chrysler press to trim dealerships
GM and Chrysler executives urged Senate lawmakers that overbuilt dealer networks must be cut as they work toward a soft landing from bankruptcy. They warned communities will suffer, while lawmakers accused the firms of abandoning long time dealers. more than 2,700 franchises face loss as the industry argues buyer profits hinge on shedding unprofitable outlets.
MENTIONED IN THIS ARTICLE
Washington
General Motors
Chrysler
Fritz Henderson
Senate Commerce Committee
James Press
Jay Rockefeller
D-W.va
Rockefeller
Kay Bailey Hutchison
R-Texas
Thrifty shopper saves thousands with coupons and rebates
Susan Samtur of Scarsdale New York demonstrates money saving by coupons and store rebates at Fareway. She plans, matches sales, and organizes lists to maximize savings, noting many items can be free or heavily discounted with careful coupon use. Her husband Stephen recalls she began about 30 years ago after buying their first home.
MENTIONED IN THIS ARTICLE
George C. Ford
Gazette Edar Rapids
Susan Samtur
Scarsdale
N.Y
Samtur
Queen of America
Fareway
16Th Ave
Samtar
Stephen Samtur
Slosiarek
the Gazette
America
Cedar Rapids
GM mulls more temporary shut downs as bankruptcy exit nears
GM considers additional factory closures in Q3 to cut inventory ahead of a Chapter 11 exit within 60 to 90 days. Spokeswoman declined to confirm further shutdowns. May end inventory stood at 674000 vehicles, down 100000 from last year, with plans to lean out levels further during summer cuts.
MENTIONED IN THIS ARTICLE
Detroit
General Motors Corp
Sherri Childers Arb
Mark LaNeve
LaNeve
General Motors
The Drive For A Longer Life In The United States
A look at longevity shows the United States rising from an average 47 years in 1900 to 77 in 2000, with gains slowing in recent years. Factors include infant mortality, obesity linked industries, uninsured Americans, and a stagnating NIH budget since 2003 limiting basic research. Doctor Robert Butler cites four forces at work and notes policy implications.
MENTIONED IN THIS ARTICLE
U.S
America
Robert Butler
International Longevity Center
New York
United States
National Institutes of Health
Also Mentioned on This Page
Wall Street
Russell Whatley
Mineral Wells
Texas
Peter Lopez
Spencer
W.va
Marshall
Loeb Marke
Twatch
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