Mortgage rates rise to seven week high but stay low
Rates on 30 year and 15 year fixed mortgage loans climbed to seven week highs for the week ending July 4, while economists say levels remain low enough to support the housing market. The 30 year average rose to 5.40 percent and 15 year to 4.78 percent, with one year ARMs at 3.49 percent.
MENTIONED IN THIS ARTICLE
Washington
Freddie Mac
Federal Reserve
Wall Street
Fed
Frank Nothart
Freddie Mae
Mortgage Bankers Association of America
Crude oil prices post small gains on strike news
Oil futures closed modestly higher after earlier spikes on Nigeria strike fears. Nigerian President Obasanjo ordered his deputy to lead talks, triggering profit taking as markets weighed potential supply disruption against a resolution.
MENTIONED IN THIS ARTICLE
New York
Dow Jones/AP
Nigeria
London
Olusegun Obasanjo
New York Mercantile Exchange
International Petroleum Exchange
North Sea
Africa
America
U.S
Tom Bentz
BNP Paribas Futures
Tony Rosado
Zone Energy
Jobless rate climbs to nine-year high in June
The U S unemployment rate rose to 6 4 percent in June the highest in nine years as payrolls shrink by 30 000 marking a fifth straight month without growth Economists warn of a stalled recovery and potential recession while labor force participation grows with 600 000 returning to seek work and claims mounting against the Bush administration.
MENTIONED IN THIS ARTICLE
Washington
Labor Department
Bush
U.S
Jon Corzine
D-N.j
Congress
America
Elaine Chao
White House
Ari Fleischer
Liberty Media to buy QVC for 7.9 billion dollars
Liberty Media Corp. agreed to spend 7.9 billion dollars on the shopping channel QVC. Liberty, which already owns 42 percent of QVC, will purchase Comcast's 58 percent stake and become sole owner of the channel.
MENTIONED IN THIS ARTICLE
Philadelphia
Liberty Media Corp
QVC
Liberty
Comcast
Comcast to Sell QVC as Part of Strategic Review
Comcast, the largest U.S. cable operator with over 22 million customers, plans to sell QVC in a move to boost flexibility. Chairman Brian L. Roberts called QVC an exceptional business but a disciplined financial evaluation guided the decision. Liberty Media, based in Englewood, Colorado, owns Starz and Encore and has stakes in AOL Time Warner and News Corp.
MENTIONED IN THIS ARTICLE
QVC
Comcast
Brian L. Roberts
Roberts
Liberty Media
Englewood, Colo
Starz
Encore
AOL Time Warner
News Corp
Legitimate e mail marketers fear losing effectiveness
Legitimate e mail marketers warn that rising anti spam filters and stricter delivery hurdles threaten reach and impact. Firms report about 15 percent of permission based messages fail to land in inboxes, prompting tighter testing and list hygiene while preserving opt in rules.
MENTIONED IN THIS ARTICLE
Assurance Systems
George Bilbrey
Peter Cobb
eBags
Unemployment spike knocks stocks lower on Thursday
Investors shook off a larger than expected rise in unemployment as stocks fell in a shortened session. The Dow dropped 72.63 to 9070.21, the Nasdaq slid 15.27 to 1663.46, and the S&P 500 declined 8.05 to 985.70, despite stronger service-sector growth.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Chris Johnson
Schaeffer
Cincinnati
Standard & Poor
Dollar gains as early July tension meets mixed data
The dollar finishes higher against most major currencies after choppy trading as manufacturing gains support late in the session. Traders cite pre holiday positioning before Independence Day markets close, with global weakness in government bonds weighing on risk sentiment and offset by improving U.S. data.
MENTIONED IN THIS ARTICLE
New York
Dow Jones/AP
U.S
Germany
Japan
Market ends week higher as tech leads gains
The Dow rose 0.9 percent, the Nasdaq gained 2.4 percent, and the S&P 1 percent higher after Tuesday and Wednesday purchases. Trading was light Thursday ahead of the Independence Day weekend, with volumes thin as the market closed three hours early.
MENTIONED IN THIS ARTICLE
S&p
Also Mentioned on This Page
Bill Cheney
John Hancock Financial Services
Mark Zandi
Economy.com
Squace
Department of Labor
Ap Gditve
Nape
Broad ST
Dow
Elyria
BBB
Pola Acy
Sae Kar Pets
Eop
Ae Lee Lg
Business Bureau
Meda
Deta
BBS
Cleveland
Cred Ae
Setry
Dhar Tang SC
Locus
Paas
Scripps Howard
Tattered Cover
Denver
Heather Duncan
Onefn
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