Friday, December 28, 2007
Crude on the rise for fifth day, nearing $98; natural gas gains
Crude on the rise for fifth day, nearing $98; natural gas gains
SAN FRANCISCO (MarketWatch) -- Crude-oil futures rose more than $1 to
approach $98 a barrel Friday, extending the benchmark contract's string
of gains into a fifth straight session and on track for a weekly gain of
more than $4.
Genesco's shares jump after court ruling; Finish Line plunges
NEW YORK
Shares of Genesco Inc. jumped Friday, gaining as a judge ruled that
executives of the shoe retailer -- target of a $1.5 billion buyout by
Finish Line Inc. -- didn't commit fraud during merger negotiations and
ordered Finish Line to complete the deal.
Economic Report: U.S. new-home sales off 9%, more than forecast, in
November
Sales of new U.S. homes fell by a greater-than-expected 9% in November
to a seasonally adjusted annual rate of 647,000, the Commerce Department
reported Friday.
Financial Stocks: Bond insurers drop on Buffett's reinsurance plan
LONDON
The battered bond insurance industry took another hit on Friday after
Warren Buffett's Berkshire Hathaway reportedly started a rival firm
targeting municipal issuers.
Market Snapshot: Stocks higher, but downbeat home sales report caps
gains
NEW YORK
Stocks were higher Friday, but a disappointing report on new home sales
for November capped gains and rekindled concerns about the U.S. economy
and the housing crisis.
