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Yacht builders finding smooth sailing
NEW ORLEANS — Fuel prices are soaring and credit markets tightening, but the super-rich are still lining up to pay tens of millions of dollars for mega yachts.
Stocks see mixed finish
NEW YORK — Wall Street capped a shortened trading week with a mixed finish Thursday after some uneven economic data: news of a contraction in the nation’s services sector and a tame reading on employment. But stocks still had their third dismal week in a row, with the major indexes again posting losses as worries about rising oil prices and the fallout from the credit crisis dogged the market.
Wall Street firms borrow less
WASHINGTON — Wall Street companies sharply scaled back their borrowing from the Federal Reserve’s emergency lending program over the past week while commercial banks boosted it slightly.
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- Stocks in bear territory after oil hits new record
- In brief
- Retailer eyes alternatives
- GM holds off Toyota in U.S.
- Wall Street seesaws on negative, positive news
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- In brief
- Bush delays decrease in fees
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National Business
Asia markets mixed as Nikkei falls again
Asian markets were mixed Friday as investors digested uneven readings on the U.S. economy and more record oil prices. Japan posted its 12th straight day of losses.
NATION & WORLD
4 people dead in Milwaukee shooting; no arrests
Milwaukee police say four people have died in a shooting outside a house party.
PENNSYLVANIA NEWS
Lawmakers convene to wrap up '08-'09 Pa. budget
Pennsylvania lawmakers were prepared to pass the state budget _ and a flurry of other bills _ on Friday, four days after the state government's fiscal year drew to a close. ...
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