Tuesday, November 06, 2007
Crude oil rallies to new record high of $97 a barrel
DJIA
13,531
-11.54
S&P
1,502
+0.05
NASDAQ
2,785
-10.10
10Yr
4.32%
+0.006
Crude oil rallies to new record high of $97 a barrel
NEW YORK
Crude-oil futures joined a broad commodities rally and jumped nearly 3%
to a new all-time high Tuesday, boosted by expectations for a drop in
crude inventories and dollar weakness.
Market Snapshot: U.S. stocks shed gains; Nasdaq falters into negative
territory
NEW YORK
Wall Street on Tuesday failed to maintain an early bounce as investors
struggled to move their focus beyond the credit-related troubles that
have been dogging financial stocks.
Google's mobile-phone strategy keys on open standards
WASHINGTON
With its bid to bring open technology standards to the mobile phone
market, Google Inc. is leading a strategy that could make devices
cheaper and give consumers more control over their phones'
capabilities.
Alibaba.com shares nearly triple in Hong Kong debut
HONG KONG
Shares of Alibaba.com almost tripled in their Hong Kong debut on
Tuesday, marking a successful start for the world's largest initial
public offering by an e-commerce company since Google Inc.
Beazer suspends dividend, cuts jobs; no relief for Hovnanian
BOSTON
Beazer Homes USA Inc., the home builder that has been rocked an
investigation into its mortgage-origination business in addition to the
housing pullback, has suspended its quarterly dividend in an effort to
firm up its capital position.
