Archive for August 20th, 2008
« Previous EntriesBonds rise on cloudy outlook for financial firms
Wednesday, August 20th, 2008Treasury prices rose Wednesday as lingering concerns about the health of the financial services sector spurred demand for the relative safety of government-backed bonds.
Big oil bids $487 million to drill offshore
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Dollar climbs as oil dips
Wednesday, August 20th, 2008The dollar climbed against major currencies Wednesday, reversing a 2-day losing streak as a read on Germany’s economy continued to show weakness.
Vioxx deal payments to begin Aug. 28
Wednesday, August 20th, 2008Read full story for latest details.
Stocks fight back
Wednesday, August 20th, 2008Rallying financial and energy stocks pushed Wall Street higher Wednesday, after a choppy session dictated by fluctuating oil prices and fears that Fannie Mae and Freddie Mac are on the brink of a government takeover.