Archive for February, 2008

Oil Prices Extend Rise, Gas Futures Up

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VIENNA, Austria (AP) - Oil prices rose Friday, extending the previous day’s gain of more than $2 a barrel as U.S. trade deficit figures spurred hopes that the U.S. economy might escape a serious downturn.
Gasoline futures surged by more than 4 cents a gallon.
The March contract for light sweet crude on the New York Mercantile […]

Oil Prices Extend Rise, Gas Futures Up

VIENNA, Austria (AP) - Oil prices rose Friday, extending the previous day’s gain of more than $2 a barrel as U.S. trade deficit figures spurred hopes that the U.S. economy might escape a serious downturn.
Gasoline futures surged by more than 4 cents a gallon.
The March contract for light sweet crude on the New York Mercantile […]

Oil Prices Extend Rise, Gas Futures Up

VIENNA, Austria (AP) - Oil prices rose Friday, extending the previous day’s gain of more than $2 a barrel as U.S. trade deficit figures spurred hopes that the U.S. economy might escape a serious downturn.
Gasoline futures surged by more than 4 cents a gallon.
The March contract for light sweet crude on the New York Mercantile […]

China January Trade Surplus Up 22.7 Pct

BEIJING (AP) - China’s trade surplus grew by 22.7 percent in January over the same month last year as foreign demand for exports stayed strong despite worries about slowing global growth, according to data reported Friday.
The latest figures appeared likely to fuel demands by China’s trading partners for action on trade barriers and currency controls. […]

Abercrombie Profit Up 9 Percent

NEW ALBANY, Ohio (AP) - Abercrombie & Fitch Co. said Friday that its fourth-quarter earnings rose 9 percent on increased sales from its expanding Hollister Co. chain that cater to teens and its abercrombie stores for children.
The apparel retailer said it earned $216.8 million, or $2.40 per share, for the quarter ended Feb. 2, compared […]

Oil Prices Extend Rise

VIENNA, Austria (AP) - Oil prices rose Friday, extending the previous day’s gain of more than $2 a barrel as U.S. trade deficit figures spurred hopes that the U.S. economy might escape a serious downturn.
The March contract for light sweet crude on the New York Mercantile Exchange rose 40 cents to $95.76 a barrel in […]

Oil Prices Extend Rise

VIENNA, Austria (AP) - Oil prices rose Friday, extending the previous day’s gain of more than $2 a barrel as U.S. trade deficit figures spurred hopes that the U.S. economy might escape a serious downturn.
The March contract for light sweet crude on the New York Mercantile Exchange rose 40 cents to $95.76 a barrel in […]

US Stocks Head for Lower Open

NEW YORK (AP) - U.S. stocks headed for a moderately lower opening on Friday as investors awaited readings on consumer sentiment and industrial production.
The preliminary Reuters/University of Michigan survey on consumer sentiment for February is due in the first hour of trading. The findings can help illuminate how consumers are feeling about the economy.
Consumers uneasy […]

Alcatel-Lucent Sees Loss, Uncertain 2008

PARIS (AP) - Telecommunication equipment titan Alcatel-Lucent sees global economic woes causing it uncertainty in 2008 after the newly merged company survived a choppy 2007, reporting a fourth-quarter loss Friday and scrapping its dividend for last year.
The Franco-American company had some good news, however: Sales rose, and it swung to an operating profit in the […]