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Crude recovers gains above $130

Crude oil prices rallied on Wednesday, recovering earlier losses and reacting to a new forecast by Morgan Stanley projecting Brent Crude prices will hit as much as $150 a barrel.

PRECIOUS METALS: Gold Drops for Second Day as Dollar Strengthens, Silver Falls

Gold futures fell for the second day on Wednesday in New York as the dollar strengthened, lowering the appeal of the precious metal as an alternative investment.

Exxon Mobil's Tillerson Maintains CEO and Chairman Titles

Exxon Mobil chairman and CEO Rex Tillerson will hold to both of his titles after shareholders rejected a plan backed by some members of the Rockefeller family to split the chairman and chief executive roles.

U.S. Stocks Drop as Oil Resumes Price Hike

U.S. stocks fell on Wednesday as concerns increased that regional banks face more write downs after more bad news in the financial sector did little to ease concerns over the state of the slowing economy, while oil futures headed back toward $130 a barrel.

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Google claims Viacom suit threatens web communication: report

Google claims that Viacom's $1 billion copyright infringement suit against the You Tube video service threatens legitimate communication across the Internet.

Wall Street Recovers Losses as Oil Prices Drop

U.S. stocks recovered earlier gains as lower crude oil prices dragged energy companies shares down, while lifting airlines and bleak data showed a mixed picture of the housing sector.

Future H1 profits up

Publishing company, Future Plc, said on Friday that it's pre-tax profit for the half year ended 31 March 2008 increased 17 per cent.

American, United, Delta Boost Round-Trip Fares up to $60

AMR Corp.'s American Airlines, UAL Corp.'s United Airlines and Delta Air Lines Inc. raised fares in the U.S. by up to $60 as the airline industry continues to struggle with soaring oil jet-fuel costs.

Price Hikes Coming for Kleenex, Huggies

Kimberly-Clark Corp, the maker of Kleenex facial tissue and Huggies diapers, said on Friday that it plans to raise prices in the U.S. for its baby, childcare and consumer tissue products.

Stocks: Rise Over 2% On Wall Street Rally, Nikkei Retakes 14,000

Tokyo stocks closed over 2 percent higher on Friday, with Japan's key Nikkei index topping the 14,000 line for the first time in about two months, as an overnight surge in U.S. stocks led to heightened optimism about the U.S. economic outlook.

US automakers at the brink as oil surges

As oil prices surge, a new risk looms for Detroit: the future may be slipping out of its control.

PRECIOUS METALS: Gold Futures Almost Seal a 3 Percent Weekly Gain

Gold futures rose higher on Friday and recorded a third straight weekly gain of almost 3 percent as weakness in the U.S. dollar a and surging energy costs boosted the demand for the precious metal as a hedge against inflation.

GTX's Prostate Cancer Treatment Will Complete Efficacy Analysis

GTx Inc. said on Friday its prostate cancer treatment will continue the late stage of its clinical trial as it did not bear the results that were expected. Shares of the company slumped.

U.S. Stocks Tumble as Oil Continues to Climb

U.S. stocks fell on Friday, extending the biggest weekly retreat since February and placed the market on track for weekly losses as crude oil resumed its surge to top $133 a barrel.

Wyeth Urged for more Data on Osteoporosis drug

Wyeth said on Friday that U.S. regulators addressed an approvable letter seeking for more information about its osteoporosis drug, delaying the approval of the treatment.

S&P Place U.S. Airline Ratings on Negative CreditWatch

As the airline industry continues to lag, Standard & Poor's Ratings Services hit the industry's latest blow on Thursday by placing nine major domestic airlines on CreditWatch with negative implications as they face due to record high jet fuel costs.

Mesa Air Bordering on Bankruptcy if Delta Ends Contract

Mesa Air Lines said Thursday it may seek bankruptcy protection if a fails to stop Delta Air Lines from moving ahead with a plan to cancel a service contract.

McDonald's Holds down Dollar Meal, Making Menu Healthier

Oak Brook, Ill-based McDonald's Corp. said Thursday it's making the menu healthier and will uphold its Dollar Menu in spite of a tough economy.

Copper Drops as Dollar rises and investors fear U.S. demand is likely to slow

Copper fell on Thursday to its lowest this week as the dollar gained and investors are concern demand from the U.S. is weakening.

U.S. Stocks Rise on Drop in Jobless Claims, Oil Falls

U.S. stocks gained on Thursday for the first time in three days after an unexpected drop in jobless claims and oil prices retreated from record breaking heights.

Natural Gas Weekly Update - May 22

Since Wednesday, May 14, natural gas spot prices decreased at most markets in the Lower 48 States. However, a price rally yesterday (May 21) contributed to price increases at some market locations since last Wednesday,

NRG Announces Unsolicited $11 Bln Bid for Calpine

Power company NRG Energy Inc has made an unsolicited bid to buy competitor Calpine Corp, the U.S. power producer that exited bankruptcy protection on January 31, for about $11 billion in stock, the companies said on Wednesday.

Sallie Mae to Continue Offering Federal Student Loans

SLM Corp, the biggest U.S. education lender, announced on that it will continue to make loans guaranteed by the government.

Pfizer's Chantrix anti-smoking pill banned on Side Effects Study

Anti-Smoking pill Chantrix from Pfizer Inc. was banned today by the Federal Aviation Administration for its use by pilots and air traffic controlers, after a study showed dangerous side effects.

Crude hits new Record at $131.88 a barrel as Inventories Fall, Fears of Short Supplies Rise

Crude oil hit the record above $131 a barrel on Wednesday as crude inventories in the U.S. fell more than expected on the week ended May 16.

PRECIOUS METALS: Gold Rallies on Weak Dollar, Higher Energy Costs; Silver Gains

Gold rose to the highest level near $929 an ounce on Wednesday as surging oil prices and a weakening dollar boosted demand for the metal as a hedge against inflation. Silver also gained.

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