Saturday, May 10
NEW YORK (AP) Wall Street ended the week with a big decline as investors grappled with two of the biggest threats to the economy: fallout from turmoil in the credit market and surging energy prices. All three major indexes suffered losses for the week.
Insurer American International Group Inc.
Full Story
Friday, May 9
NEW YORK (AP) Wall Street closed a quiet session with a moderate advance Thursday, with energy and other commodities companies leading the market as oil prices extended their record-breaking run.
The price of crude oil swept past $124 a barrel in late New York Mercantile Exchange trading, while gasoline rose to a new record of its own at the pump, climbing to a national
Full Story
Friday, May 9
WASHINGTON (AP) Married couples with joint incomes of up to $1.5 million from their farm operation could still qualify for crop subsidies under a five-year, $300 billion farm bill compromise that would boost the Agriculture Department's food and farm programs.
In some cases, farm couples with incomes totaling $2.
Full Story
Thursday, May 8
NEW YORK (AP) Wall Street tumbled Wednesday as the price of a barrel of oil surged soared to a record near $124 and touched off concerns that the stock market's recent gains might have been premature while consumers grapple with rising energy and food costs. The major stock market indexes each lost more than 1.
Full Story
Wednesday, May 7
Longe joins Denim & Deeds Real Estate
HOOSICK FALLS, N.Y. Dianne Longe, a lifetime resident of the Bennington/Hoosick Falls area, has recently joined Denim & Deeds Real Estate. Longe has a background in sales and also manages her husband's moving business.
Longe has grown children as well as an 11-year-old at home.
Full Story
Saturday, May 3
NEW YORK (AP) Wall Street turned in a mixed performance Friday as investors set aside some initial enthusiasm over a stronger-than-expected jobs report to lock in some of their recent gains. Blue chip stocks logged their third weekly advance in a row as investors grew more confident about the economy's ability to outrun a deep downturn.
Full Story
Saturday, May 3
WASHINGTON (AP) The Federal Reserve and other regulators initiated steps Friday to end "unfair and deceptive" credit card industry practices assailing consumers who are already struggling to cope in a bad economy.
The proposed rules would be the biggest clampdown on the industry in decades, aiming at protecting people from credit card companies that arbitrarily raise
Full Story
Friday, May 2
NEW YORK (AP) Wall Street shot higher Thursday as investors, while anticipating another dismal jobs report Friday, viewed the rising dollar and falling oil prices as promising signs for the economy. The Dow Jones industrial average soared nearly 190 points to close above 13,000 for the first time since Jan.
Full Story
Thursday, May 1
NEW YORK (AP) Wall Street gave up sharp gains and closed lower Wednesday after the Federal Reserve cut interest rates by a quarter point but left investors guessing about the central bank's next move. The Dow Jones industrial average, momentarily soaring above 13,000 for the first time since early January, ended the session with a modest loss.
Full Story
Thursday, May 1
DETROIT (AP) Bowing to grim reality, General Motors Corp. followed Ford's lead and cut its U.S. sales forecast Wednesday after a tough first quarter that saw a $3.3 billion loss.
But unlike Ford, GM faces more unknowns that could complicate its North American turnaround and drag down strong results overseas, including a strike at supplier American Axle, the protracted
Full Story