Oil prices ease from 21 year high
Oil prices declined from a 21 year peak but stayed above 42 per barrel in U S trading. The retreat followed a threat by Russian authorities to shut production at Yukos the country’s largest oil producer. US light crude settled at 42 75 a barrel after a 3 percent surge earlier.
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Russia
Justice Ministry
Yukos Oil Company
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New York Mercantile Exchange
Nymex
Exxon quarterly profit climbs near forty percent
Exxon Mobil Corp reports second quarter profit near 40 percent higher at 5.8 billion led by strong oil and gasoline prices. Refining profit hits highest since 1991 and chemicals earnings mark near a decade high. Excluding items, earnings per share reach 88 cents meeting expectations.
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Dallas
Exxon Mobil Corp
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Exxon Mobil
ISG Posts Second Quarter Profit Misses Analysts
International Steel Group Inc reported $94 million in net income for the quarter, reversing a $27.5 million loss a year earlier but below Wall Street estimates. The stock rose to close at $33.40 after dipping in morning trading. Officials and analysts said higher costs pressured results while signaling a stronger third quarter.
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Video games and TV push kids to move more
New York reports show several children focused programs and games aim to reduce obesity by encouraging activity. Nickelodeon plans LazyTown blending live action and animation with Sportacus and Robbie Rotten. Boohbah toys debut with toddlers to dance. EyeToy for PlayStation 2 uses motion tracking to translate body movement into on screen action. Spider-Man 2 Web Action uses sensors on wrists and ankles for motion mirroring. CDC notes 16 percent of boys and 14.5 percent of girls ages 6 to 11 were obese in 1999 to 2000, higher than 1971 to 1974. Residents like Daniel Decker support moves to engage kids in motion through media.
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Fla
A Spy
Union sues United executives over pension funding
The IAM and Aerospace Workers sue United Airlines Chief Executive Glenn Tilton Chief Financial Officer Frederic Brace and Chief Operating Officer Peter McDonald alleging breach of fiduciary duty by stopping pension payments. The suit targets the trio as United—in Chapter 11—says lender agreements prevent such payments while it reports a narrower quarterly loss.
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International Association of Machinists and Aerospace Workers
United Airlines
United
The
Machinists Union
Glenn Tilton
Frederic Brace
Peter McDonald
Jean Medina
IAM
Pension Benefit Guarantee Corp
Gary Pastorius
Pastorius
Bethlehem Steel
Pepsico to spotlight health with Smart Spot labels
Pepsico plans a widely rolled out Smart Spot label on about 230 products to guide consumers to healthier options and lower calories. The program, announced at the Frito Lay headquarters in Plano Texas, will start labeling in September with broad advertising to follow.
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