Thursday, February 21, 2008
U.S. stocks mostly lower after negative economic data
U.S. stocks mostly lower after negative economic data
U.S. stocks trim early gains after another round of economic data casts
a negative light on the U.S. economy.
Metals Stocks: Gold, platinum futures soar, establish latest record-high
prices
NEW YORK
Gold and platinum futures soared anew Thursday, establishing record
highs as other metals prices also rallied, boosted by weakness in the
dollar and gold's appeal as a hedge against inflation.
Crude drops below $99 after U.S. inventories data
SAN FRANCISCO
Crude-oil futures dropped Thursday, moving below $100 a barrel after
having rallied to a new record high in the previous session, as
government data showed U.S. crude inventories have risen more than
expected.
Nestle posts 16% increase in annual profit after raising prices
LONDON
Nestle reports a 16% improvement in 2007 profit as it reaped the
benefits of its increased focus on healthier foods and managed to pass
off higher commodity costs to consumers.
Emerging Markets Report: Rocky conditions cause a slowdown in Brazil's
IPO market
SAN FRANCISCO
Brazil's market for initial public offerings has cooled from its
white-hot pace last year with companies deciding that conditions in the
broader equity market are too rough to launch new issues, according to a
report.
