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Last updated: 10:42:22 Friday May 16, 2008


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  • Oil pushed above $127 a barrel for first time
    Oil prices soared more than $3 a barrel, surpassing $127 for the first time Friday and putting more pressure on already lofty gasoline and diesel prices ahead of the summer driving season in the northern hemisphere. 2008-05-16
    Activities: [2007 Oil Price Crisis]

    Icahn's Yahoo fight puts Microsoft in driver's seat
    Two weeks after Microsoft Corp (MSFT.O) abandoned its pursuit of Yahoo Inc (YHOO.O), a proxy fight launched by activist investor Carl Icahn has put Microsoft in the driver's seat. 2008-05-16

    People: [Carl Icahn]
    Activities: [Microsoft - Yahoo Deal]

    U.S. consumers' mood grim as early-80s in May
    Consumer confidence tumbled to its lowest in 28 years this month, a survey showed on Friday, as short-term inflation expectations reached the highest levels since the stagflationary early 1980s. 2008-05-16

    Activities: [Global Food Crisis] [2008 U.S. Recession]

    Bush in Saudi Arabia to discuss oil
    President Bush is appealing to oil-rich Saudi Arabia to increase production just as oil prices have hit another record high. 2008-05-16

    People: [Mahmoud Abbas] [Dick Cheney]
    Activities: [2007 Oil Price Crisis] [Saudi Arabia-U.S.]

    Housing posts surprising rebound in April
    Construction of new homes posted the biggest increase in more than two years in April, a rare spot of good news amid the worst downturn in housing in more than two decades. 2008-05-16

    Activities: [2007 Global Credit Crunch]

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    [2007 Oil Price Crisis]: Oil pushed above $127 a barrel for first time (08:12 5/16)


    [Microsoft - Yahoo Deal]: Icahn's Yahoo fight puts Microsoft in driver's seat (10:12 5/16)


    [Global Food Crisis]: U.S. consumers' mood grim as early-80s in May (10:12 5/16)

    [2008 U.S. Recession]: U.S. consumers' mood grim as early-80s in May (10:12 5/16)

    [2007 Global Credit Crunch]: Housing posts surprising rebound in April (10:12 5/16)

    [2007 Global Inflation]: Inflation Gnaws at Pet Food Companies (21:21 5/15)

    [Chinese Currency Dispute]: US stops short of branding China for currency manipulation (16:02 5/15)

    [U.S. Markets]: Stocks rise on oil price drop, mixed economic data (16:01 5/15)


    [1929 Great Depression]: Obama compares housing crisis to Great Depression (08:46 5/14)


    [Stock Option Backdating Scandal]: Broadcom co-founders charged in stock options probe (15:50 5/14)




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