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Fri, May 09 2008

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Money

8 a.m.: AIG needs cash, stocks decline

NEW YORK — Wall Street headed for a lower open Friday after the world’s largest insurer reported a wider-than-expected loss for the first quarter, rekindling investors’ anxiety about the strained state of the global financial system.
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9:50 a.m.: Jobless claims post sharp decline
WASHINGTON — The number of newly laid off workers seeking unemployment benefits dropped much more than expected last week.
8:35 a.m.: Retailers report mixed April
NEW YORK — Consumers gave some of the nation’s retailers a little relief in April following months of dismal sales, but business was helped along by heavy discounting that could hurt first-quarter earnings.
7:05 a.m.: Stocks head higher on retail sales
NEW YORK — Wall Street headed for a modestly higher open Thursday as investors waited to see if retailers’ April sales figures would provide a sense of how consumers are faring in a climate of economic weakness and rising costs.
10:15 a.m.: Stocks lower on home sales, labor
NEW YORK — The stock market traded lower Wednesday, as investors reacted to mixed economic data and waited to see if oil prices will climb further into uncharted territory.

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People & Places

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• EDITORIAL: Give, even when gift is refused
• EDITORIAL: Award honors Wilson and athletes
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• PHOTO GALLERY: Invention Convention
• PHOTO GALLERY: The Herald Bulletin Johnny Wilson Award
• PHOTO GALLERY: 2008 Primary Election
• VIDEO: Campaign volunteers
• PHOTO GALLERY: Mayor's Cup Grand Prix

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• EDITORIAL: ACS board endorsements
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• May 8: Local News Briefs
• May 8: Police Log
• May 8: Arrest Log
• May 8: Local Births
• May 7: Local News Briefs

• Duquaine-Campbell
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• Read your favorite local columnists
• MALEAH STRINGER: Letting the cat out the door
• THERESA TIMMONS: Taking a crack at advice
• LOIS ROCKHILL: Letter carriers will collect food Saturday
• PRIMUS MOOTRY: Mom on Wright and wrong

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