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Newspaper
Odessa American
Location
Odessa, Texas, United States of America
Date
Aug 10, 2005
Page
13
The Federal Reserve raised the federal funds rate to 3.5 percent, the highest in nearly four years, with banks following by a quarter point increase in prime rate to 6.5 percent. Productivity rose 2.2 percent in Q2 while unit labor costs grew 1.3 percent, easing wage inflation concerns.
After months of haggling and intrigue, Unocal Corp. shareholders meet today to approve a takeover by Chevron Corp. The vote ends Unocal as an independent company and rebuffs Chinese attempts to secure energy.
New York editors across Seventeen Teen People CosmoGirl and Teen Vogue feature more average women with diverse body types and skin tones. Quotes from editor Atopia Rubenstein highlight including nonmodels to reflect readers and boost confidence amid growing pageant and ad campaigns.
Crude prices eased after a brief rise above 64 a barrel with concerns over Saudi security and U S refinery outages keeping markets on edge. Light sweet crude settled at 63 07 a barrel on the N Y M E, off 87 cents, after hitting an intraday high of 64 27. The prior close was 63 94 a barrel.
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