62,000 jobs lost, off nearly half-million for year 03.07.2008, 20:18:57 WASHINGTON (AP) -- The nation lost jobs for a sixth month in a row in June, a storm of pink slips drenching this year's July Fourth holiday for more than 60,000 Americans and leaving thousands more worried about the future.... |
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Service sector contracts as orders fall 03.07.2008, 18:30:14 NEW YORK (AP) -- Higher oil prices caused service businesses to shrink in June, as falling new orders and rising costs hit the nation's coffee shops, paper mills and corner stores.... |
Stocks end mixed following jobs, services data 03.07.2008, 21:23:30 NEW YORK (AP) -- 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.... |
NY judge orders prison for former Refco CEO 03.07.2008, 21:07:09 NEW YORK (AP) -- The former head of Refco Inc., blamed for the collapse of one of the world's largest commodities brokerages, was sentenced to 16 years in prison Thursday by a judge who decried the "staggeringly arrogant" greed of white collar criminals.... |
Oil heads past $145 for 1st time; pump cost up too 03.07.2008, 21:46:40 NEW YORK (AP) -- Soaring fuel costs are taking some of the celebration out of this holiday weekend.... |
Judge in NY scolds hedge fund scammer who ran away 03.07.2008, 21:45:51 NEW YORK (AP) -- A hedge fund cheat who tried to fake his own death and spent nearly a month as a fugitive told a judge Thursday that he really did try to commit suicide while on the run, saying he thought it would be better to do himself in than turn himself in.... |
Ky. lawyers face new trial in diet-drug settlement 03.07.2008, 21:46:46 COVINGTON, Ky. (AP) -- Two lawyers accused of defrauding their clients in a diet-drug settlement of $65 million were sent back to jail Thursday after a jury deadlocked and a federal judge declared a mistrial.... |
Continental ordered to trial in Concorde explosion 03.07.2008, 17:51:40 PARIS (AP) -- A French judge ordered Continental Airlines and five people to stand trial on charges of manslaughter for the 2000 crash of a Concorde jet that killed 113 people, a prosecutor said Thursday.... |