Oil dips amid weak demand and supply concerns
New Yorks oil prices slipped about a dollar as weak U S demand offset supply worries from the Georgia conflict. Gasoline prices at the pump fell further with national regular averaging 3 78 a gallon, while crude settled near 115 a barrel amid cautious market trading after a mixed Energy Department inventory report.
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Senators demand probe of oil price report flaws
Four Democrats urge inspector general review of a government report on oil prices saying data were inaccurate and that the study downplayed speculation. They accuse the July release of aiming to influence a Senate vote on curbing oil market speculation, citing the CFTC announcement later that July.
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Netflix shipping hampered for 3 days
Netflix Inc faced three days of major technical problems that limited its DVD shipments across 55 Los Gatos centers. The disruption, the largest since its 2000s launch, halted all shipments Tuesday and Thursday morning, with limited service on Wednesday and unclear resumption timing.
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Potter flick moves to summer 2009
Warner Bros shifts Harry Potter and the Half-Blood Prince from November to July 17, 2009. The sixth film in the franchise with boy wizard Harry will open next summer instead of fall. Studio President Alan Horn cites past success of summer Potter releases and the Writers Guild strike as factors shaping the new release window.
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Rates on 30 year mortgages hold at 6.52 percent
Freddie Mac reports 30 year fixed mortgages at 6.52 percent this week, unchanged for a third week and near yearly highs. Other loan types eased slightly with 15 year at 6.07 percent, five year ARM at 6.02 percent, and one year ARM at 5.18 percent.
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Washington
Freddie Mac
Frank Nothart
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