Oil slides from highs as markets weigh Fed data
Stocks pared gains as oil declined to 114.45 a barrel on the NYME while the Fed noted more banks tightening lending standards. Investors saw relief from inflation fears as oil prices drop from July peaks, though mortgage and credit strains persist. the Dow rose about 50 points to 11,784, with momentum from Friday’s 300-point rally.
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Boeing and Northrop face defense panel over tanker deal
Boeing meets Pentagon officials at Wright Patterson AFB to discuss the draft request for proposals for 179 refueling aircraft as lawmakers and analysts debate new guidelines seen as favoring Northrop Grumman’s larger KC-45 over Boeing’s KC-767.
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Twin Cities Roofing offers an eight year transferable guarantee
Phil McDonald of Twin Cities Roofing guarantees eight years of free repair for materials and workmanship with transfer to the next owner. The Midland firm, formed in 1990, emphasizes class 4 impact resistant roofs and serves commercial and residential clients including Thriftway and local schools. Call (482) 520-8136 for details.
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