Gas prices pose threat to economic recovery and election
Inflation remains tame overall but gas costs loom as the main risk to growth. Economists warn prices above 4 to 5 dollars per gallon could curb spending and job gains, risking a stall in the recovery and jeopardizing President Obama’s re election.
MENTIONED IN THIS ARTICLE
Washington
U.S
Barack Obama
Chris Christopher
IHS Global Insight
Market in Review Drives Gas Prices and Consumer Confidence
The market outlook notes gas price rises hurt many American businesses while boosting gasoline retailers. Higher fuel costs squeeze profit margins and raise shipping and materials expenses. Government projections put average prices at 3.79 this year and 3.72 in 2013, with a 25 cent rise shaving about 0.2 percentage point from growth. Gas costs strongly shape consumer confidence and perceptions of financial health.
MENTIONED IN THIS ARTICLE
Christopher
Mutuaal
Bala
Capincbua
Cowidgrla
Eurpacgramfb
Fninva x LB
GrthAmAm LG
Incamera x MA
Invccoama m LB
NewPerson m
WAMutInvAm_ LV
Dodge & Cox IntiStk
Dodge & Cox Stock LV
Fidelity Contra LG
FrankTemp-Franklin Income Am CA
Harbor Intrinstl
Pimco TotRetAdml Cl
PIMCO
Vanguard
Morningstar
SEC
The
Associated Press
Goldman to review conflicts of interest at Goldman Sachs
Goldman Sachs plans to strengthen internal rules after a resigning employee criticized its business practices. A $21 billion El Paso Kinder Morgan deal drew scrutiny when a Goldman banker owned Kinder Morgan stock and the firm advised both sides. The judge allowed the deal, while noting disclosure gaps. City and firm officials react.
MENTIONED IN THIS ARTICLE
New York
Goldman Sachs
Delaware
Goldman
New York Times
el Paso
Houston
Kinder Morgan
Steve Daniel
Daniel
Leo Strine
David Wells
Lloyd Blankfein
Doug Foshee
Ford workers take early retirement at 1,700 mark
About 1,700 Ford factory workers will retire by June 1 after buyout offers. Ford will recall about 250 laid off workers and hire replacements at lower wages. Production staff faced $50,000 offers while skilled trades received $100,000. New hires earn about $16 per hour while skilled trades exceed $30.
MENTIONED IN THIS ARTICLE
Detroit
Ford Motor Co
Ford
Marcey Evans
Also Mentioned on This Page
Sie
Techron
the Market IN Review
Dow Jones
Los Angeles
Dow Industrials
Dow Transportation
Dow Utilities
NYSE
S&p
Wilshire
Russell
StOck Exchange
Nyse Amex Naspaa
AtlasEngy
Avinosgg
Jalexandr
Demadwn
HMG
CarverBrs
ReneSola
GSE
BCSB
Timmins G
GettyRity
OrientPap
Gramrcyc
Rentech
Microsoft
PwShs
SPDR
CheniereEn
Micront
NokiaCp
VantageDrl
AschMonn
SprintNex
GoldStrg
Apple Inc
Pfizer
Hstaen
Oracle
Siriusxm
At&t Inc NY
Lowes
Alcoa NY
Agreet NY
NiSource NY
Bob Evans
NokiaCp NY
Csxs
Nordsons Nasd
Cedarf NY
Northropg NY
Cemex NY
Oracle Nasd
CntryLink NY
PNC NY
Chimera NY
ParkerHan NY
Cisco Nasd
Citigross NY
Penney NY
Clearwire Nash
Pfizer NY
Corning NY
PolyOne NY
Darden NY
Popular Nash
Dell Inc
EMC Cp NY
RegionsFn NY
EmersonEl NY
AschMotn Nasd
ExxonMbl NY
RiteAid NY
FifthThird
S&p500etf
FirstEngy NY
FstMerit
Sherwin Sears Hidgs
Fordm NY
Fmcg NY
GenElec NY
Smucker NY
NY SprintNex NY
Goodrich
SP Engy NY
Hewlettp NY
Spdr Fuel NY
HomeDp NY
Steris NY
Honwillnt! NY
Ishemkts NY
Ussteel NY
Ishr2k NY
WangEmg NY
Ntel Nasd
WalMart NY
Invacare NY
WellsFargo NY
Jpmorgch NY
Wendys Co
Windstrm
Keycorp
Enco
Xerox NY
Yahoo Nasd
Lt Sweet Crude
NYMX
New York Mercantile Exchange
Chicago Board of Trade
CME
Chicago Mercantile
NYBT
New York Board of Trade
Pallavi Gogo
Doug
Lionel Richie
Greg Smith
Michael Bloomberg
N. Ridge RD