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Natural Gas Weekly Update - Apr 17

Since Wednesday, April 9, natural gas spot prices increased at virtually all market locations in the Lower 48 States. Currently, spot prices exceed the average spot prices of the 2007-2008 heating s...

Want to pay Gold prices for food?

By Emanuel Balarie With all the talk about housing, a declining US Dollar, and the inevitable recession, many people may be overlooking a potentially more devastating economic factor, writes...

Obama has small lead in Texas, close in Ohio

Barack Obama holds a slight lead on Hillary Clinton in Texas and has almost pulled even in Ohio before contests that could decide their Democratic presidential battle, according to a Reuters/C-SPAN/Houston Chronicle poll released on Friday.

U.S. border virtual fence to be delayed: report

Technical problems have forced the Bush administration to retool a high-tech virtual fence along the U.S.-Mexico border and will delay the first phase for at least three years, the Washington Post reported on Thursday. There are an estimated 12 million illegal immigrants in the United States, many from Mexico. Immigration is a highly charged topic and a major issue in the campaign for November's presidential election.

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Blockbuster CEO confident to meet Q1 debt covenant

Blockbuster Inc Chief Executive James Keyes said on Wednesday he was comfortable the nation's leading DVD rental chain will meet financial targets of its debt agreements in the first quarter and beyond.

Obama rockets past Clinton in New Hampshire

Democrat Barack Obama rocketed to a 10-point lead over Hillary Clinton in New Hampshire one day before their showdown in the state's presidential primary, according to a Reuters/C-SPAN/Zogby poll released on Monday.

Intel Unribbons new Processor Plant

Chip giant Intel opened up the first of four 45nm fabrication plants today in Chandler, Arizona representing a $3 billion investment for the company.

Wildfires rage in California, more winds expected

Wildfires burned unchecked on Tuesday in Southern California, with hundreds of thousands of people forced to evacuate, at least 700 homes destroyed, and little hope for relief from the hot desert winds fanning the flames.

Massive California wildfires burn through the night

Firefighters hoped for high winds to abate on Tuesday, enabling them to start containing the fast-moving fires that have engulfed a massive swath of Southern California, claimed some 700 homes and sent thousands fleeing.

Hollywood studios go after two piracy sites

The Motion Picture Assn. of America has filed suit against two Web sites that it claims are allowing Internet users to view pirated films, many of which are still in theaters.

HSBC to close subprime unit

HSBC Holdings Plc, Europe's biggest bank, said on Friday that it would close its U.S. subprime mortgage unit, cutting 750 jobs and taking $945 million in charges and write-downs, because the business is no longer sustainable. It was the latest blow from the meltdown in the U.S. market for loans to home buyers with poor credit histories.

Mortgages entering foreclosures at record high

The rate of home loans entering the foreclosure process rose to a record high in the second quarter of 2007, driven largely by failing subprime mortgages, an industry trade group said on Thursday.

Pizza for pesos marks decline of dollar

U.S.-based Pizza Patrón's move to take Mexican currency at its stores initially sparked a backlash in January. But business has been booming.

First Magnus, big mortgage lender, halts loans

First Magnus Financial Corp., one of the largest independent U.S. mortgage lenders, said on Thursday it has stopped funding home loans and taking mortgage loan applications because investors are not buying its loans.

U.S. parents say wary after China product recall

The recall of millions of Chinese-made toys by U.S. toy company Mattel Inc. will make Americans more cautious about buying toys made in China but will not deter them, parents said.

UniSource Energy 2nd-qtr profit up 18 pct

UniSource Energy Inc, the parent of Tucson Electric Power, said on Monday second-quarter profit rose 18 percent, helped by a growing customer base and increased wholesale revenues.

FDA probing death in gene therapy trial

A patient who became ill following two experimental gene therapy injections for arthritis has died and U.S. health regulators are investigating the cause, officials said on Thursday.

Home foreclosures drop in June

U.S. home foreclosures fell in June after jumping to a 30-month peak in May, but default rates will escalate as a horde of mortgages resets at higher loan rates, real estate data firm RealtyTrac said on Thursday.

AT&T says to buy Dobson for $2.8 billion

U.S. telecommunications company AT&T Inc. said on Friday it will buy rural wireless carrier Dobson Communications Corp. for $2.8 billion in cash to expand its reach in rural and suburban markets.

Wells Fargo names Stumpf CEO; Kovacevich stays chair

Wells Fargo & Co., the fifth-largest U.S. bank, on Wednesday named John Stumpf chief executive, replacing Richard Kovacevich, who will remain chairman.

Ventana Shares Soar on Rocheâ€™s $3 Billion Hostile Bid

Shares of Ventana Medical Systems, Inc. (NASDAQ: VMSI) soared more than 48 percent on Tuesday after Switzerland's Roche Holding AG initiated a $3 billion hostile bid for the company.

Mace Sells Arizona Car Washes

Mace Security International Inc. (Nasdaq: MACE) on Friday sold its Arizona Car Wash Region to an undisclosed buyer for $19.25 million in cash.

Voice recognition goes wireless

Zee Tawasha is an unabashed Blackberry addict, constantly sending urgent e-mails to employees at 30 mobile phone stores he owns across California, Arizona and Nevada.

MySpace Outage Blamed on L.A. Power Loss

The popular social-networking site MySpace.com suffered a pair of extended outages over the weekend because of power problems at a key data center in the Los Angeles area, the company said Monday.