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Lehman Brothers: Platts review bars Lehman from key oil trade window - Reuters (22.41 -0.44) : Reuters reports that the energy pricing agency Platts has put LEH under a temporary review that effectively excludes it under a temporary review from trading benchmark-setting oil contracts, four...

Housing, accounting worries sink Fannie, Freddie Monday July 7, 3:43 pm ET By Stephen Bernard, AP Business Writer Shares of Fannie, Freddie tumble on housing worries, potential accounting rule change NEW YORK (AP) -- Shares of mortgage purchasers Fannie Mae and Freddie Mac tumbled...

07-Jul-08 11:16 ET In Play Lehman Brothers: Platts review bars Lehman from key oil trade window - Reuters (22.41 -0.44) : Reuters reports that the energy pricing agency Platts has put LEH under a temporary review that effectively excludes it under a temporary review from trading...

Oil hits new record above $145 Thursday July 3, 10:20 am ET By Pablo Gorondi, Associated Press Writer Oil soars to record near $146 amid concerns over hefty drop in US stockpiles, Iran conflict Oil prices briefly soared to a record near $146 a barrel Thursday, then eased when the...

Trading in single digits now.. A bankruptcy filing may offer a short term bottom for the market.

Wonder if the ECB will hike rates tomorrow ??

Tomorrow... ECB rate hike + crappy job #s = ?? :D

Oil prices rise to record highs above $144 Wednesday July 2, 3:26 pm ET By Adam Schreck, AP Business Writer Oil prices advance to new highs above $144 after report shows supplies fell more than expected NEW YORK (AP) -- Oil prices shot to new records above $144 a barrel Wednesday...

Merrill says GM bankruptcy "not impossible" Wednesday July 2, 10:38 am ET By Soyoung Kim DETROIT (Reuters) - General Motors Corp (NYSE:GM - News) will need to raise as much as $15 billion in cash to shore up liquidity and bankruptcy is "not impossible" if the U.S. auto market continues...

Raise rates now Benny Boy !! :D

:p

Ford sales plunge Buyers flee SUVs and pickups and also shun Ford's cars and crossovers as automakers face worst month for U.S. sales since '92. July 1, 2008: 12:11 PM EDT NEW YORK (CNNMoney.com) -- Ford Motor reported that its U.S. sales tumbled 28% in June, kicking off what could turn...

Pentagon Official Warns of Israeli Attack on Iran U.S. Offical Sees Two 'Red Lines' That Could Prompt Strike BY JONATHAN KARL WASHINGTON, June 30, 2008 Senior Pentagon officials are concerned that Israel could carry out an attack on Iran's nuclear facilities before the end of the...

BIS: Global economy could face deeper downturn Monday June 30, 7:35 am ET By George Frey, AP Business Writer Central banks' banker says world economy could see deeper, longer downturn than most expect BASEL, Switzerland (AP) -- The global economy could face a deeper downturn than...

Oil prices pass $143 a barrel; US gas hits high Monday June 30, 8:33 am ET By Pablo Gorondi, Associated Press Writer Oil rises above $143 a barrel, gas hits new high on tensions in the Middle East Oil prices surged past $143 a barrel for the first time ever Monday, and the price...

RPT-Detroit's mood grim as automakers face the brink Mon Jun 30, 2008 7:15am EDT By Poornima Gupta DETROIT, June 29 (Reuters) - After three decades at work in a GM factory, John Martinez has reached a crossroads. Martinez, 50, must choose between retiring and making a long and...

wonder how today will close...

anyone going long into the weekend?

GM's Market Value Is Only $7 Billion - Half That of Avon Thursday June 26, 5:22 pm ET How the mighty have fallen. At one time, General Motors was considered the pre-eminent US corporation, a giant among giants. But now, on news that Goldman Sachs reduced the company's rating to...

:D