Archive for March, 2008

Oil execs to take heat from lawmakers Tuesday (Reuters)

Monday, March 31st, 2008

A worker grabs a nozzle at a fuel station in Bangkok March 6, 2008. (Sukree Sukplang/Reuters)Reuters - Five U.S. oil company executives set
to testify on Capitol Hill on Tuesday about soaring gasoline
prices and record industry profits will likely offer a common
defense: It’s not our fault.

Market gains on Midwest data, regulatory plan (Reuters)

Monday, March 31st, 2008

In this photo released by the New York Stock Exchange, executives and guests of Philip Morris International attend the opening bell ceremony on Monday, March 31, 2008.  Philip Morris International Inc. today celebrated its listing and first day of trading on NYSE Euronext?s New York and Paris markets under the ticker symbol ?PM? following its recent spin-off from Altria Group, Inc. Stocks fluctuated within a narrow range Monday after a reading on regional manufacturing came in better than expected and as investors examined details of a government plan to overhaul the way Wall Street is regulated. (AP Photo/Mel Nudelman, NYSE)Reuters - U.S. stocks gained on Monday as a
report showing stronger-than-expected Midwestern business
activity helped the economic outlook and a plan to overhaul the
regulation of U.S. financial markets boosted bank shares.

Treasury spells out regulatory overhaul plan (Reuters)

Monday, March 31st, 2008

Treasury Secretary Henry Paulson listens to a question from the audience as he speaks at the Treasury Department in Washington March 31, 2008. (Jason Reed/Reuters)Reuters - Treasury Secretary Henry Paulson
revealed sweeping plans on Monday for streamlining a hodgepodge
of regulations that are blamed for allowing the U.S. mortgage
crisis to balloon into a full-blown economic threat.

Wall St extends gains; Nasdaq rises 1 percent (Reuters)

Monday, March 31st, 2008

A street sign on Wall Street outside the New York Stock Exchange in New York April 18, 2007. (Eric Thayer/Reuters)Reuters - Stocks added to gains on Monday,
driving the Nasdaq up more than 1 percent, as a report showing
stronger-than-expected Midwestern business activity helped the
economic outlook.

Food price inflation changes how we shop (AP)

Monday, March 31st, 2008

A shopper takes her son along for the ride which shopping at the Heinen's grocery store in Bainbridge Twp., Ohio in this  Dec. 13, 2007 file photo.  Steadily rising food costs aren't just causing grocery shoppers to do a double-take at the checkout line ? they're also changing the very ways we feed our families. (AP Photo/Amy Sancetta, file)AP - Steadily rising food costs aren’t just causing grocery shoppers to do a double-take at the checkout line ? they’re also changing the very ways we feed our families.

Housing chief quits amid investigations (Reuters)

Monday, March 31st, 2008

Housing and Urban Development Secretary Alphonso Jackson in an undated photo. Jackson will resign Monday morning under pressure after accusations of improper allocation of federal contracts, the Wall Street Journal reported in its Monday edition. (HUD/Handout/Reuters)Reuters - The housing secretary announced his
resignation on Monday amid investigations into his role in
government contracts, creating a vacuum at an agency seen as a
vehicle for addressing the housing crisis.