http://www.eagletribune.com en-us Copyright CNHI All Rights Reserved. 5 Wed, 24 Sep 2008 04:46:00 +0000 http://www.eagletribune.com/business/etgtntsnbusiness_story_268044613.html http://www.eagletribune.com/business/etgtntsnbusiness_story_268044613.html NEW YORK (AP) and mdash; Financial markets extended their declines yesterday as investors worried that lawmakers were beginning to doubt the necessity of a broad government bailout for financial institutions as a way to revive ailing credit markets. Sun, 08 Jun 2008 06:50:00 +0000 http://www.eagletribune.com/business/etgtntsnbusiness_story_160105310.html http://www.eagletribune.com/business/etgtntsnbusiness_story_160105310.html NEW YORK (AP) and mdash; Wall Street tumbled yesterday, taking the Dow Jones industrials down nearly 400 points, on a pair of alarming economic developments. Oil prices shot up by more than $11 a barrel and approached $140 for the first time, and the Labor Department's data showed the biggest gain in the government's unemployment rate in more than 20 years. Wed, 28 May 2008 08:35:00 +0000 http://www.eagletribune.com/business/etgtntsnbusiness_story_149083526.html http://www.eagletribune.com/business/etgtntsnbusiness_story_149083526.html NEW YORK (AP) and mdash; Wall Street advanced in uneven trading yesterday after a drop in oil prices and an unexpected gain in new home sales encouraged investors to put money back into the market. Stocks picked up momentum late in the session as oil prices drifted below $129 a barrel. Fri, 23 May 2008 09:22:00 +0000 http://www.eagletribune.com/business/etgtntsnbusiness_story_144092223.html http://www.eagletribune.com/business/etgtntsnbusiness_story_144092223.html DETROIT and mdash; Fast-rising gas prices claimed their latest victim Thursday: Ford Motor Co., which dropped its goal of becoming profitable by 2009 and said it will cut production of trucks and sport utility vehicles through the rest of this year. It was a warning shot to the rest of the beleaguered U.S. auto industry, which is facing its worst sales in more than a decade. Sat, 17 May 2008 08:58:00 +0000 http://www.eagletribune.com/business/etgtntsnbusiness_story_138085806.html http://www.eagletribune.com/business/etgtntsnbusiness_story_138085806.html NEW YORK (AP) and mdash; Wall Street capped a week of big gains with modest moves yesterday as investors grappled with surging energy prices that overshadowed news of a surprise increase in home construction. Sat, 17 May 2008 08:58:00 +0000 http://www.eagletribune.com/business/etgtntsnbusiness_story_138085838.html http://www.eagletribune.com/business/etgtntsnbusiness_story_138085838.html WASHINGTON (AP) and mdash; Treasury Secretary Henry Paulson said Friday that financial markets are "considerably calmer" now than they were two months ago. He predicted the economy will be rebounding by the second half of this year. Sat, 17 May 2008 08:57:00 +0000 http://www.eagletribune.com/business/etgtntsnbusiness_story_138085710.html http://www.eagletribune.com/business/etgtntsnbusiness_story_138085710.html CHARLOTTE, N.C. (AP) and mdash; Telecom carrier FairPoint Communications Inc. said yesterday its first-quarter profit fell 34 percent, weighed down by some one-time customer credits and increased competition. Sat, 10 May 2008 08:15:00 +0000 http://www.eagletribune.com/business/etgtntsnbusiness_story_131081515.html http://www.eagletribune.com/business/etgtntsnbusiness_story_131081515.html AMESBURY 52 Cedar St.: John J. McPartland and Mark E. Wojcicki to Jason and Jason Shane Brissey, $412,500 52 Cedar St.: Cynthia and Mark E. Wojcicki to Mark E. Wojcicki, $125,000 30 Congress St.: John J. McNulty and Newburyport Five Cents Savings Bank to Vincent W. Burke, $245,000 Sat, 10 May 2008 08:14:00 +0000 http://www.eagletribune.com/business/etgtntsnbusiness_story_131081445.html http://www.eagletribune.com/business/etgtntsnbusiness_story_131081445.html WASHINGTON and mdash; Democrats' plans to help hundreds of thousands of homeowners struggling with rising subprime mortgage rates and plummeting house values could be sidetracked by President Bush's threatened veto and the opposition of many congressional Republicans. Sat, 10 May 2008 08:11:00 +0000 http://www.eagletribune.com/business/etgtntsnbusiness_story_131081108.html http://www.eagletribune.com/business/etgtntsnbusiness_story_131081108.html NEW YORK (AP) and mdash; Wall Street ended the week with a big decline as investors grappled with two of the biggest threats to the economy: fallout from turmoil in the credit market and surging energy prices. All three major indexes suffered losses for the week. Sat, 10 May 2008 08:10:00 +0000 http://www.eagletribune.com/business/etgtntsnbusiness_story_131081040.html http://www.eagletribune.com/business/etgtntsnbusiness_story_131081040.html NEW YORK (AP) and mdash; Oil rose above $126 a barrel for the first time yesterday, bringing its advance this week to nearly $10, as investors questioned whether a possible confrontation between the U.S. and Venezuela could cut exports from the OPEC member. Thu, 01 May 2008 12:02:00 +0000 http://www.eagletribune.com/business/etgtntsnbusiness_story_122120211.html http://www.eagletribune.com/business/etgtntsnbusiness_story_122120211.html WASHINGTON (AP) and mdash; Soaring prices for food, gas and other everyday needs pushed consumer spending to a faster pace than expected in March. The Commerce Department reported today that consumer spending was up 0.4 percent, double the increase that economists had forecast. Thu, 01 May 2008 12:00:00 +0000 http://www.eagletribune.com/business/etgtntsnbusiness_story_122120026.html http://www.eagletribune.com/business/etgtntsnbusiness_story_122120026.html WASHINGTON (AP) and mdash; General Motors Corp. said today it had taken an ownership stake and formed a partnership with Mascoma Corp., a renewable energy company that is working to develop cellulosic ethanol from wood chips, waste paper sludge and switch grass. Fri, 25 Apr 2008 22:48:00 +0000 http://www.eagletribune.com/business/etgtntsnbusiness_story_116224831.html http://www.eagletribune.com/business/etgtntsnbusiness_story_116224831.html WASHINGTON (AP) and mdash; President Bush said tax rebates will start going out Monday, earlier than previously announced, and should help Americans cope with rising gasoline and food prices, as well as aid a slumping economy. Fri, 25 Apr 2008 22:45:00 +0000 http://www.eagletribune.com/business/etgtntsnbusiness_story_116224459.html http://www.eagletribune.com/business/etgtntsnbusiness_story_116224459.html SAN FRANCISCO (AP) and mdash; Microsoft Corp. is no closer to buying Yahoo Inc. than when it made its $44.6 billion bid nearly three months ago, leaving the software maker in a quandary over whether the deal is still worth pursuing.