Dow industrials and S&P 500 give back almost all gains as oil prices stem losses but Nasdaq holds on
Media Release
Aug. 14, 2006

The Dow Jones industrial average (up 6.16 to 11,094.19, Charts) and the broader Standard & Poor's 500 (up 1.50 to 1,268.24, Charts) index both ended just above unchanged. Both had gained nearly 1 percent earlier.

Stocks had rallied in the morning and through the early afternoon as investors welcomed news of a cease-fire between Israel and Hezbollah militants in Lebanon and the impact it had on oil prices.

But market gains fizzled by the close, with investors finding little reason to hold on to such an advance ahead of Tuesday and Wednesday's key inflation news.

Treasury prices fell, raising corresponding yields. The dollar gained versus other major currencies.

Dow industrials and S&P 500 give back almost all gains as oil prices stem losses but Nasdaq holds on
Media Release
A morning mega-rally turned into a small tech advance Monday as a broad advance petered out by the close, with only the Nasdaq holding on to gains.
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Disagreement between union and bankrupt auto parts maker raises the possibility of strikes
Media Release
Such strikes could quickly hamper production at GM, potentially costing it billions of dollars while it is deep into its own restructuring plans.
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Fed finally pauses rate hikes
Media Release
Chairman Ben Bernanke and his colleagues appear ready to call a halt to the longest unbroken stretch of Fed interest rate increases in recent history, providing at least temporary relief to millions of consumer and business borrowers.
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US raised its forecast for the average price of oil in August by $3 a barrel, citing July's heat wave and decreased production from the closure of BP's oilfield
Media Release
The Energy Information Administration (EIA), the numbers arm of the Energy Department, estimated in its monthly energy forecast that oil is expected to average $76.50 a barrel in August, up from its prior forecasts of $73.50.
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The United States will consider revoking trade benefits under the Generalized System of Preferences for 13 advanced developing countries
Media Release
The announcement comes after the collapse of the Doha round of World Trade Organization talks, blamed by some U.S. legislators on a failure of large developing countries to open their markets to foreign goods.
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Starbucks Corp. third-quarter profits jumped 16 percent as it opened a record number of coffee houses
Media Release
For the 13 weeks ended July 2, the Seattle-based coffee retailer posted net earnings of $145.5 million, or 18 cents per share, up from $125.5 million, or 16 cents a share, in the same period a year earlier.
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Alliance Boots, the international drug distribution and retail group, could soon be selling its No 7 lipsticks in Florida as it hammers out a deal with CVS
Media Release
...it hammers out a deal with CVS, one of the US’s largest pharmacies, to roll out its own-brand ranges across the US.
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AOL’s attempt to square up to Yahoo, MSN and Google
Media Release
AOL on Wednesday made its boldest effort yet to ditch its reputation as an internet dinosaur reliant on a dying dial-up connection business by making its aol.com e-mail addresses free to people signing up for high-speed broadband from other providers.
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