Stocks tumble on financial unease in New York
On a tense trading session in New York Wall Street dropped as investors grappled with renewed worries about the soundness of the financial sector. Freddie Mac and Fannie Mae led declines as concerns grew over potential larger credit write-downs and housing slump losses.
MENTIONED IN THIS ARTICLE
New York Wall Street
Freddie Mac
Fannie Mae
Scott Wren
Wachovia Securities
New York Mercantile Exchange
Standard ‘& Poor
Oil Prices Drift After U.S. Data and Iran Missile Test
Oil settled slightly higher after fluctuating on reports of lower U.S. stockpiles and Iran missile tests. Light sweet crude ended at 136.05 a barrel on the NYMEX, with intraday highs near 138.28, as Iran's Revolutionary Guards reportedly fired missiles amid war games.
MENTIONED IN THIS ARTICLE
U.S
Iran
New York
New York Mercantile Exchange
Energy Information’ Administration
Platts
Revolutionary Guards
Food price hikes strain U S school lunch programs
Washington reports that rising food and fuel costs are squeezing school kitchens. Higher corn based ethanol demand and a weak dollar push up prices for fruit vegetables milk and meat, threatening free and reduced price meals for over 30 million children.
MENTIONED IN THIS ARTICLE
Washington
School Nutrition Association
Pavel N. Matustik
Santa Clarita Valley
California
Agriculture Department
Pentagon to oversee tanker bid redo amid GAO critique
Defense Secretary Robert Gates says the Pentagon will oversee a new competition between Boeing and Northrop Grumman for the $35 billion Air Force tanker contract. The move follows GAO findings of significant Air Force bid errors and a plan to appoint a source-selection panel.
MENTIONED IN THIS ARTICLE
Washington Boeing Co
Northrop Grumman Corp
Air Force
Pentagon
Defense
Robert Gates
Boeing
Northrop
Airbus
Government Accountability Office
GAO
European Aeronautic Defence and Space Co
John Young
Defense Department
Also Mentioned on This Page
THE
Associated Press
David Karpjap
New York Stock. Exchange
RAN
Gates
Western
Dulce ‘Agnor
Letty Moreno
County
West Odessa
Texas
Keith
Lolita
Wallum
Pyas St
Odessa
Beye
Ss. Ae
Golder
Door Busters
Musicworldcentral.com
ProKool
Qefer
Venation Equipment
Famprpasoan
Vince
Aly
Toy
Permian
AIL Go Ulc Heath
Tost McDa Mice Mart
Moura
IDT
Sungene
CY Thur Ky
Tom Curt Sumo