Exxon Mobil tops U.S. profit record in Q2 earnings
Exxon Mobil reported second quarter net income of 11.68 billion dollars, or 2.22 dollars per share, a record for U.S. corporations and below Wall Street expectations. Revenue rose to 138.1 billion dollars as crude and gas prices surged. Shares fell about 3 percent to 81.74 dollars.
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Houston
Exxon Mobil Corp
U.S
Wall Street
Exxon Valdez
Exxon Mobil
Thomson Financial
Europe
Royal Dutch Shell
Exxon
Oil Falls From Rally Amid Slower Economy Pressure
Oil prices eased to 124.08 per barrel after a 4. day rally as U. S. GDP growth readings and rising jobless claims spooked traders. Gasoline averaged 3.909 a gallon, signaling softer demand as Americans cut driving and fuel use.
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New York
U.S
Auto Club Aaa
Oil Price Information Service
Wright Express
New York Mercantile Exchange
Commerce Department
Labor Department
James Cordier
Tampa
Fla
Mortgage rates ease after housing rescue bill passage
Freddie Mac reports 30-year mortgage average at 6.52 percent this week, down from 6.63 percent. The decline follows the Bush administration signing a housing rescue plan aimed at helping up to 400,000 families refinance to affordable loans. Five and 15 year rates also fell to 6.07 percent and 6.07 percent respectively, while one year adjustable rates declined to 5.27 percent.
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Washington
Freddie Mac
Freddie
Fannie Mae
Bush
Congress
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