Economy - Friday      (Investor's Business Daily)
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Investor's Business Daily - A 1% rise in June import prices was led by a 4.7% increase in imported petroleum prices, the Labor Dept. said. Headline prices topped a 0.7% increase forecast by Wall Street. Excluding oil, prices rose 0.2% after a 0.5% increase the month before. Export prices rose 0.3%.
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Investor's Business Daily - Recent data suggest the game is over in the Web-based social networking field, but that isn&#39;t stopping new new players from joining in.
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Investor's Business Daily - IBM is ironing out some scheduling problems for the steel industry.
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Investor's Business Daily - The U.S. economy will grow 3% next year, up from an expected 2.3% in &#39;07, as housing demand stabilizes, according to a Chicago Fed survey. Inflation is expected to fall amid a slight drop in oil prices. Industrial production is seen rising 2.3% this year and 2.8% next.
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Investor's Business Daily - Energy companies led Chinese stocks to a record high Friday. Turnover in Hong Kong was the second-highest ever.
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Investor's Business Daily - Short exchange traded funds got a small boost this week as the Dow Jones industrial average lost 416 points and the Nasdaq composite dropped 96.66 Tuesday. But that doesn't mean you should necessarily chase them, says ProShares Advisors CIO Bill Seale.
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Investor's Business Daily - The Richmond Fed&#39;s service-sector revenues index fell to -4 in Aug. vs. 6 in July. The retail sales revenues index dived to -34 vs. 3 in July. But the manufacturing index for the Richmond Fed district ticked up to 7 this month from 4 in July.
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Investor's Business Daily - The greenback fell to a record low vs. a basket of currencies as well as the euro after Bank of America missed profit views on big and ongoing credit losses. It's the latest in a series of corporate, monetary and economic news raising concerns about U.S. growth, bettering the odds of further Fed rate cuts. The euro rose 0.88 cent to $1.4291. The yen rallied as risk-averse investors unwound carry trades.
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Plus: Alcatel outlook weak...Cisco profit climbs...Time Warner lowers earnings target...Electronic Arts lowers outlook.
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Plus: Gateway trims loss in third quarter...EDS delays earnings...Amazon outlook disappoints...PeopleSoft exceeds targets.
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Investor's Business Daily - The Business Roundtable&#39;s CEO Economic Outlook Index fell 3 points to 81.9 in May amid high energy prices and the housing slump. But that&#39;s still well-above the boom-bust line of 50. Most executives expect sales, capital spending and hiring to be flat or rise in the coming months. &quot;While the survey does suggest that the economy is settling into a softer consolidation phase, as long as consumers keep spending, the economy can continue to move ahead,&quot; said Harold McGraw, the group&#39;s chairman.
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Investor's Business Daily - Stock markets have soared in India for the last few years. HDFC Bank has held on for the ride.
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Investor's Business Daily - Domestic stock funds had a rough June, but managed to hold on to solid performance for the second quarter and year to date. Growth beat value for the month, quarter and year to date.
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Investor's Business Daily - Federal Reserve Chairman Ben Bernanke offered the market some soothing words Wednesday to counter consumer price and housing data that raised concerns about inflation and an economic slowdown.
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Plus: Time Warner net income slips...Cell phone unit shores up Verizon...Gateway trims loss in third quarter...EDS delays earnings.
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Investor's Business Daily - All those long lines of first-day Apple iPhone buyers didn&#39;t immediately pay off as expected for the device&#39;s service provider, AT&amp;T, but the company on Tuesday still reported better-than-expected earnings, aided by strong wireless growth.
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Plus: eBay warns of weaker 2008 results...Motorola profit shrinks, phone forecast dims...Apple posts good Q1, despite slow iPod sales...Microsoft expected to post healthy profits.