SEOUL (Reuters) - Oil was little changed above $136 a barrel on Wednesday after falling more than $5 a day ago when the Federal Reserve chairman said that emergency cash may be available past year-end, boosting the dollar and U.S. stocks.  
Publ.Date : Tue, 08 Jul 2008 23:27:03 -0400
NEW YORK (Reuters) - Stocks rose in another turbulent session on Tuesday as a pullback in oil prices eased worries about consumer and business spending, while financial shares gained after the Fed chairman said he may keep open a lifeline for banks.  
Publ.Date : Tue, 08 Jul 2008 17:19:57 -0400
NEW YORK (Reuters) - Retail chain Steve & Barry's is expected to file for Chapter 11 bankruptcy as early as this week, the Wall Street Journal reported on its website on Tuesday.  
Publ.Date : Tue, 08 Jul 2008 22:43:54 -0400
ARLINGTON, Va (Reuters) - U.S. Treasury Secretary Henry Paulson said on Tuesday that home foreclosure starts may hit 2.5 million this year, many of them the borrowers' own fault for taking out loans they couldn't afford.  
Publ.Date : Tue, 08 Jul 2008 15:27:36 -0400
NEW YORK (Reuters) - Texas energy tycoon T. Boone Pickens on Tuesday called for a massive switch to natural gas as a transportation fuel and a boost in wind power in a plan aimed at reducing U.S. foreign oil dependence by a more than a third.  
Publ.Date : Tue, 08 Jul 2008 20:14:34 -0400
NEW YORK (Reuters) - Aluminum producer Alcoa Inc on Tuesday posted a better-than-expected quarterly profit, lifting its shares, as higher aluminum prices and sales volumes offset increased costs.  
Publ.Date : Tue, 08 Jul 2008 19:31:32 -0400
NEW YORK (Reuters) - Two currency traders pleaded guilty on Tuesday to defrauding investors, admitting their firm engaged in almost no trading and that they misappropriated money from investors and used it to buy luxury homes and cars, federal prosecutors said.  
Publ.Date : Tue, 08 Jul 2008 17:57:51 -0400
ARLINGTON, Virginia (Reuters) - Federal Reserve Chairman Ben Bernanke said on Tuesday the U.S. central bank may keep an emergency lending facility for big Wall Street firms open longer than it initially intended, a signal the Fed is fearful of shutting down a vital backstop.  
Publ.Date : Tue, 08 Jul 2008 21:10:44 -0400
NEW YORK/PASADENA, California (Reuters) - Mortgage lender IndyMac Bancorp Inc said on Tuesday depositors had been withdrawing cash at an "elevated" pace since a key U.S. senator questioned its ability to survive the housing crisis.  
Publ.Date : Tue, 08 Jul 2008 20:13:03 -0400
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