Ford abandons profit goal, turnaround sputters (Reuters)

The 2008 Ford Mustang V-6 is shown at the 2008 New York International Auto Show March 19, 2008. (Keith Bedford/Reuters)Reuters - Ford Motor Co warned on Thursday that it no longer expected to meet a key target of returning to profitability in 2009 and would cut production through this year in response to a slumping U.S. auto market.




Stocks rebound modestly as oil pulls back (Reuters)

Traders work on the floor of the New York Stock Exchange, April 1, 2008. (Brendan McDermid/Reuters)Reuters - Stocks rebounded modestly on Thursday after two days of steep declines, as energy prices pulled back from record highs and a proposed major acquisition in the utilities sector buoyed optimism.




Airline stocks rally as oil prices retreat (Reuters)

American Airlines MD-80 aircrafts sit on the tarmac at Chicago's O'Hare International Airport April 9, 2008. . (John Gress/Reuters)Reuters - U.S. airline shares were broadly higher on Thursday as oil prices -- directly linked to the price of jet fuel -- retreated from a record high above $135 a barrel.




Oil pulls back after hitting record above $135 (Reuters)

Traders work on the floor of the New York Mercantile Exchange May 21, 2008. (Shannon Stapleton/Reuters)Reuters - Oil prices pulled back sharply from a record above $135 a barrel on Thursday as dealers took profits from a dazzling rally and a recovering U.S. dollar dampened commodities markets.




Last UAW plant votes on American Axle contract (Reuters)
Reuters - Union workers at American Axle & Manufacturing Holdings Inc's flagship Detroit plant voted on Thursday in the final hurdle to the ratification of a concessionary and a controversial contract that would slash wages for the auto supplier by more than a third.

When economy revives, how will we know? (AP)

In this March 16, 2008 file photo, a sale sign stands outside a new, single-family home in east Denver When do we know the economy has started to snap out of its funk? Pinpointing the turnaround can be as much art as science, but economists agree there could be some strong signals: a calmer stock market, an end to falling home prices and more jobs being created. We're not there yet. (AP Photo/David Zalubowsk, Filei)AP - With any luck, the second half of this year will be better than the so-far rocky first half. The Federal Reserve chief hopes that is the case. So does President Bush.




Crunch turns back clock on mortgage lending (Reuters)

Broker Craig Van Skaik poses in front of a house for sale in Los Angeles, May 6, 2008. As U.S. banks mop up the mess from billions of dollars of bad home loans, buyers are finding that the days of cheap money are over and that, in many cases, tougher versions of the old lending rules now apply. (Mario Anzuoni/Reuters)Reuters - As U.S. banks mop up the mess from billions of dollars of bad home loans, buyers are finding the days of cheap money are over and, in many cases, tougher versions of old lending rules now apply.




Retail shares rally after beating Wall St views (Reuters)

Shoppers carry their purchases along Broadway in New York City, May 11, 2008. (Joshua Lott/Reuters)Reuters - Apparel and jewelry retailers surprised Wall Street with better-than-expected earnings on Thursday as cost-cutting measures and inventory controls offset the impact of the weak economy.




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