Oil prices surge after Saudi attack raises supply fears
Prices jump to 13-year high as Saudi Arabia violence raises concerns on oil supplies. crude for June settles at 38.21 per barrel, gas and heating oil spike, with gasoline futures at a record high and natural gas rallying.
MENTIONED IN THIS ARTICLE
Washington
Saudi Arabia
New York Mercantile Exchange
ABB Lummus Global Inc
Middle East
Tom Kloza
Oil Price Information Service
Ed Lilliere
Energy Merchant LLC
Nymex
Quattrone Convicted in Manhattan White Collar Case
A federal jury in Manhattan convicted Frank Quattrone a star banker of obstruction and related charges after a seven hour, two day deliberation The verdict comes two months after Martha Stewart was found guilty and signals continued prosecutions of corporate executives The case hinged on an email and Quattrone’s reply as investigators probed CSFB stock allocations during the Internet boom
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New York
Frank Quattrone
Tnal
Manhattan
Quattrone
Martha Stewart
Stewart
WorldCom Inc
Enron
CSFB
Grand Jury
Securities and Exchange Commission
Texas
Sheldon Silver
Star
Manhattan Federal Court
John Keker
Building spending hits record in March while manufacturing cools
Commerce Department data show total construction put in place rose 1.5 percent in March to a seasonally adjusted annual rate of 944.1 billion dollars, with private residential builders at a record 507.2 billion. ISM manufacturing index eased only slightly to 62.4 in April, still signaling growth though higher commodity costs like aluminum and steel weighed on some firms.
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Washington
Commerce Department
United States
Institute For Supply Management
Cracker Barrel settles discrimination claims nationwide
The Justice Department says Cracker Barrel ended a pattern of racial discrimination at more than 50 restaurants across Alabama Georgia Louisiana Mississippi North Carolina Tennessee and Virginia. The company will implement changes but did not admit wrongdoing and faces no fines.
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Washington
Cracker Barrel
Justice Department
U.S. District Court
Atlanta
R. Alexander Acosta
Julie Davis
Davis
Try Store Inc
Lebanon
Tenn
Department
Alabama
Georgia
Louisiana
Mississippi
North Carolina
Tennessee
Virginia
T bill rates rise in Monday auction
U S Treasury selling three month bills at 0.985 discount rate and six month bills at 1.175 in Monday auction. The new rates lift the three month and six month benchmarks to their highest since mid 2003. The Fed also reported one year Treasury bill yields at 1.55 percent, up from 1.50 percent.
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Washington
Treasury
Treasury Department
Federal Reserve
Market In Review Highlights I mate Worth At Source
Market summary notes value shifts for key items and services with focus on sources and trends. Analysts reference various sectors including commodities and consumer goods, noting fluctuations and potential impacts on prices and buying power.
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