Stocks turn positive on gains in oil shrs
Reuters - U.S. stocks turned positive early on Monday, as investors shook off some concerns about potential damage from Hurricane Katrina and record-high oil prices.
Stocks Fall As Katrina Hammers Refineries
AP - Wall Street slumped in early trading Monday as Hurricane Katrina battered U.S. refineries in the Gulf of Mexico, disrupting energy production and catapulting oil prices to new record highs.
TSX rises as Hurricane Katrina slams ashore, disrupts oil production, refining; NY markets lower
Canadian Press - TORONTO (CP) - Higher energy stocks took the Toronto stock market higher Monday morning with oil hitting $70 US a barrel as Hurricane Katrina played havoc with refinery operations and offshore oil production in the Gulf of Mexico.
Dollar falls on oil surge, yuan eyed
Reuters - The dollar slipped against most other major currencies on Monday as investors fretted that record high oil prices could crimp U.S. economic growth, but it gained against the yen as Tokyo shares stumbled.
Nikkei off 1 pct on oil worries
Reuters - The Nikkei average was down 1 percent by midsession on Monday, led by exporters like Toyota Motor Corp. on worries over a surge in oil prices to a new record and after figures last week showed a fall in U.S. consumer confidence.
Oil's Economic Impact May Be Seen This Week
AP - Wall Street has been battered in recent weeks by high oil prices and mounting evidence that rising energy costs — including record gasoline prices — are starting to curtail consumer spending.
Friday's Wall Street Glance
AP - Dow Jones Industrials
Wall Street wants more competition as NYSE, Nasdaq prep mergers
Canadian Press - NEW YORK (AP) - Philadelphia has a stock exchange?
Before the Bell: Google, Plumtree gain
Reuters - Google Inc. rose nearly 1 percent before the bell on Tuesday after the Los Angeles Times reported the Web search company will launch its own instant messaging system .
NYSE says fines Merrill Lynch $10 mln
Reuters - The New York Stock Exchange on Monday said it fined Merrill Lynch & Co. , the biggest U.S. brokerage, $10 million for "supervisory and operational failures."
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