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Boeing Rolls Out New 777 Freighter

Boeing Co. on Wednesday debuted its new 777 freighter, a twin-engine airplane that can carry 226,000 pounds of cargo.

Stocks: Tumble On Wall Street Decline, Nikkei Drops Below 14,000

Tokyo stocks tumbled Wednesday morning, with the benchmark Nikkei index dropping below the 14,000 line for the first time in five trading days, as broad-based selling set in after sharp falls in U.S. shares overnight.

This Week In Petroleum - May 21

Despite cool weather along the East Coast over the past several weeks, Memorial Day weekend, the unofficial start to the summer driving season is upon us. Some may interpret recent increases in gasoline prices as yet another manifestation of a

U.S. Stocks Slump as Oil Tops $132 a barrel

U.S. stocks fell for a second day, as oil prices surged past $132 a barrel after data showed a drop in crude supplies which boosted concerns that inflation will affect the rate at which U.S. consumes, while financial companies fell on concern computer errors at Moody's Investors Service may result in bond downgrades.

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PRECIOUS METALS: Gold Soars above $920, Dollar Slumps; Silver Gains

Gold futures rose to the highest level in four weeks as a decline in the U.S. dollar and rising oil prices boosted the metal's appeal as an investment hedge. Silver gained more than 4 percent.

Stocks Tumble on Inflation Woes

U.S. stocks plunged on Tuesday after oil soared to nearly $130 a barrel fueling concerns that commodity prices will further dampen U.S. consumption levels, while analysts forecast more credit losses and faster inflation.

FDA Approves Covidien's Kit for Lapaoscopic Procedures

Covidien Ltd., a healthcare products manufacturer, said on Tuesday that its Procedure Kit for laparoscopic procedures was approved by U.S. regulators.

Airline Customer Satisfaction Lowest in 7 Years

Customer satisfaction with U.S. airlines dropped to its lowest level since 2001, according to a survey report published on Tuesday.

Medtronic Posts Higher Earnings, Revenue in 4Q

Medtronic Inc. the developer of medical technology reported on Tuesday its earnings for the fourth-quarter ended April 25 were $812 million, or 72 cents per share, compared with $812 million or 70 cents per share, a year earlier.

Target Posts Profit but Sees Sluggish Sales Ahead

Target Corp., the second largest U.S. retailer, reported a profit which beat Wall Street forecasts as the company's chief financial officer said sluggish sales were ahead.

Home Depot Profit Slips 66 Pct on Housing Slump

Home Depot Inc., the largest home- improvement retailer, said on Tuesday its first-quarter profit fell 66 percent as consumers grappling with the deepest U.S. housing slump in over 25 years left the company's sales affected.

Dollar Slips Ahead of Home Sales Report

The dollar fell versus the euro and yen on Tuesday ahead of a home sales report which could indicate more declines in the housing market.

Crude oil rises on Supply worries, High Gasoline Prices

Crude rose on Monday as supply worries continue despite a decision from South Arabia to raise oil production, while gasoline rose to $4 a gallon in some areas in the United States.

Japan Stocks Rebounded Slightly On Oil Price Rising

Japan stocks rebounded slightly Monday, led by oil companies' shares as New York oil futures reached $127.82 per barrel in off-hours trading on Friday. But the upward trend was thwarted because of concerns over the U.S. economy.

U.S. Stocks Turn Higher as Recession Fears Decrease

U.S. stocks rose on Monday, lifting the Standard & Poor's Index to a four-month high, after data suggesting the U.S. economy may not be in recession which helped to overcome concerns over record crude oil prices, while technology shares were boosted as deal talks between Microsoft and Yahoo have been resumed.

Morgan Stanley started Slashing Jobs

The total jobs Morgan Stanley cut this week could get close to 2,000 jobs. A report said Morgan cut 1,500 jobs this week, but few affected employees have not been notified yet, media reports said on Friday.

FDA alerts of Risks with Transplant Drugs in Pregnant Women

The Food and Drug Administration warned one more time about the risks of Novartis and Roche transplant drugs for pregnant woman.

Financial Stocks Slip as Keycorp, Regions Downgraded

Financial stocks fell on Friday on slipping consumer sentiment, led by losses at large regional banks Keycorp and Regions which were hurt by downgrades.

GPS grows as a crime-fighting tool in U.S

It was just after 10 p.m. when William Cotter, wearing a belt full of ammunition, burst into the home of his estranged wife, Dorothy, shooting her in the back with a sawed-off shot gun before taking his own life.

Subprime fears, 'bubble' unsettle farm lenders

With U.S. crop prices soaring to historic levels, times are seemingly good for grain farmers and agribusiness firms. So why are lenders worried about the U.S. farm economy?

Dollar falls on lower consumer confidence, soaring oil

The dollar versus the euro and yen on Friday after a report showing that consumer confidence in the U.S. fell as oil reached a new record.

Wal-Mart Counters Tesco's Presence in the U.S. with New Marketside Stores

Wal-Mart is planning to prepare and serve fresh food at delicatessen counters in its new Marketside convenience stores, in a bit to compete with Tesco's Fresh & Easy offering.

PRECIOUS METALS: Gold Futures Close near $900 on Soaring Oil Prices, Silver Gains

Gold futures closed near $900 an ounce on Friday in New York, making it the highest gain for the contract in 10 weeks as energy costs surged to a record and the dollar weakened, boosting the appeal of the precious metal as a hedge against inflation.

Macy's Will Open FAO Schwarz Toy Stores at its Locations

Macy's Inc, the second largest U.S. department store company, is partnering with toy store chain FAO Schwartz to let it open smaller stores within nearly 700 of its locations over the next two years.

Time Warner Chairman Likely to Resign at Year-End

Time Warner Inc. Chairman Richard Parsons said Friday he will likely step down at the end of the year, a opening the door for Chief Executive Officer Jeffrey Bewkes to take over the position at the world's biggest media company, according to a media report.

Wall Street Sinks as Oil Soars

U.S. stocks fell on Friday for the second day this week, after reports showed consumer confidence plunged to a 28-year low while crude oil soar to another record high,

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