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Exxon barred from Iraqi oil, gas auction
NEW YORK, July 17 (UPI) -- U.S. markets were flat Friday despite positive news from two large banks that have struggled throughout the financial crisis.
Bank of America reported second quarter profits reached $3.2 billion, while Citigroup said profits reached $4.3 billion April through June, The New York Times reported.
By close, the Dow Jones industrial average extended a positive streak through a fifth day, gaining 32.12 points, 0.37 percent, to 8,743.94. The Standard & Poor's 500 fell 0.04 percent, 0.36 points, to 940.38. The Nasdaq index added 1.58 points, 0.08 percent, to 1,886.61.
On the New York Stock Exchange, 1,438 stocks advanced and 1,499 declined on a volume of 5.1 billion shares traded.
The benchmark 10-year Treasury note fell 21/32 to yield 3.655 percent.
The euro fell to $1.4106, compared to Thursday's $1.4142. Against the yen, the dollar rose to 94.23 yen, compared to Thursday's 93.78 yen.
In Japan, the Nikkei 225 rose 0.55 percent, 51.16 points, to 9,395.32.
In London, the FTSE 100 index rose 0.62 percent, 26.91 points, to 4,388.75.
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BAGHDAD, Feb. 14 (UPI) --
U.S. supermajor Exxon Mobil won't be able to take part in an oil and natural gas licensing auction scheduled for May in Iraq, a spokesman said.
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BRASILIA, Brazil, Feb. 14 (UPI) --
Brazil hopes the current economic downturn will give it an edge over competing suppliers and help secure a cheaper deal for its purchase of up to 36 fighter jets.
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Compared to whites, greater shares of both black and Hispanic young adults say owning their own home is among their top priorities. While 25 percent of blacks and 26 percent of Hispanics say owning a home is of the highest importance in their lives,...
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President Barack Obama has revealed a budget that, once again, will give the Republican party a chance to show that vitriol is more fun than compromise.
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