U.S. markets mixed as oil prices surge ... Utility rate regulators' hands are tied ... IAC breaks down to five new companies ... Oil deal sends real estate soaring ... News from United Press International.
Wednesday, August 20
NEW YORK, Aug. 21 (UPI) -- Crude oil prices jumped Thursday, gaining on political tension and a declining dollar.
CHICAGO, Aug. 21 (UPI) -- Galloping oil prices and a weaker dollar lifted grain prices on the Chicago Board of Trade Thursday.
WASHINGTON, Aug. 21 (UPI) -- Interest rates for 30-year, fixed-rate U.S. mortgages declined slightly from the previous week, the Federal Home Loan Mortgage Corp. said Thursday.
NEW YORK, Aug. 21 (UPI) -- Oil prices rebounded Thursday, causing a ripple effect across U.S. stock indexes, hurting oil-dependent stocks, such as airlines and automobiles.
NEW YORK, Aug. 21 (UPI) -- The U.S. leading indicator index fell sharply in July pushed by declines in building permits and stock prices, a research group said Thursday.
WASHINGTON, Aug. 21 (UPI) -- First-time claims for U.S. unemployment insurance dropped by 13,000 during the week ending Aug. 16, the U.S. Department of Labor reported Thursday.
MEMPHIS, Aug. 21 (UPI) -- The Tennessee Valley Authority adopted a 20-percent increase in electric rates for customers spanning a seven-state area, the agency said.
AUBURN HILLS, Mich., Aug. 21 (UPI) -- U.S. auto giant Chrysler LLC told employees to expect a two-week break in July next year, adding months to its notification policy.
LONDON, Aug. 21 (UPI) -- German energy giant E.ON said Thursday it would raise electric rates 16 percent and gas rates 26 percent for most of its 5.5 million British customers.
WASHINGTON, Aug. 21 (UPI) -- Utility regulators said there is little they can do to stand between utility companies and a recent wave of requests for electric rate hikes.
U.S. markets turn lower Thursday ... Canadian CPI rose 3.4 percent in July ... U.S. airlines seen as down but not out ... FDIC re-writes loan terms at IndyMac ... News from United Press International.
NEW YORK, Aug. 21 (UPI) -- InterActiveCorp said Thursday it had completed spin offs that would create five separate companies out of its 60 mostly U.S. brands.
JACKSON HOLE, Wyo., Aug. 21 (UPI) -- New regulations may be the underlying theme of the U.S. Federal Reserve's annual meeting in Jackson Hole, Wyo., this week, analysts said.
ST. JOHN'S, Newfoundland, Aug. 21 (UPI) -- A multibillion-dollar oil deal in Canada's eastern province of Newfoundland this week has resulted in a real estate boom, real estate agents said.
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