Oil jumps USD 5 after report of US Gas stocks falling

Crude oil prices again soared up after remaining cool for sometime. The news of US Gas stock shortage fulled the price hike. A latest report says that US gasoline supplies fell by 3.5 million barrels last week.  US crude stockpiles also fell by 100,000 barrels last week,...

New York Times Earnings Reflect Ongoing Double Whammy

Even the venerable NYTimes is not immune to the dramatic downturn in newspaper revenues."With ad spending overall down just under double digits at 9% for the first quarter, the New York Times' results -- most...

6.7 magnitude Earthquake in Solomon Islands

" LEAD: M6.7 earthquake hits Solomon Islands+ Aug 16 06:15 AM US/Eastern     TOKYO, Aug. 16 (AP) - (Kyodo)—(EDS: UPDATING WITH TSUNAMI THREAT ASSESSMENT) An earthquake with a magnitude of 6.7 struck...

Good News for Real Estate in 2007

"Daily Real Estate News | December 18, 2006 Real Estate Rebound Expected in 2007 Doug Duncan, chief economist for the Mortgage Bankers Association, expects the 30-year mortgage rate to hover around 6.5 percent for the remainder of the year, but climb to 6.8 percent by the...

Idea of Rapid Withdrawal From Iraq Seems to Fade

"In the cacophony of competing plans about how to deal with Iraq, one reality now appears clear: despite the Democrats’ victory this month in an election viewed as a referendum on the war, the idea of a rapid American troop withdrawal is fast receding as a viable...

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