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Phil Flynn

MGIC may be downgraded on housing weakness

CREDIT RATINGSMGIC may be downgraded on housing weaknessMGIC Investment Corp., the Milwaukee mortgage insurer, may be downgraded by Moody’s Investors Service on weakness in the housing market. “The continued det...

Oil drops below $78, a 13-month low

NEW YORK (AP) _ The stunning collapse in oil markets accelerated Friday, sending a barrel of crude plunging below $78 as investors grow more pessimistic about resolving a mushrooming global economic crisis.

Fear and panic trump good economic news as loonie, markets pounded

TORONTO - Just about every financial and economic indicator in Canada tumbled hard Friday, as ever-deepening uncertainty spread like a red stain through the international marketplace. The loonie an...

Excited Drivers Line Up For $2.99-A-Gallon Gas

Believe it or not, there is an up-side to the financial meltdown. Gas prices are starting to fall as the cost of crude gets cheaper. CBS 2's Kristyn Hartman reports there is even gas to be had in the area under three bucks a...

Oil prices plunge to 13-month low

The stunning collapse in oil markets accelerated Friday, with a barrel plunging below $78 as investors grow more pessimistic about a mushrooming global economic crisis. By STEVENSON JACOBS The Associated Press NEW YORK — The...

Oil prices plunge to 13-month low on global slowdown

Stevenson Jacobs, The Associated Press NEW YORK - Oil prices plunged in another violent sell-off Friday, briefly tumbling below US$78 a barrel as investors grow more pessimistic about the prospects for resolving a mushrooming...

Oil plunges to 13-month low on global slowdown

Oil prices have been plunged in another violent sell-off on Friday, briefly tumbling below USD 78 a barrel as investors grow more pessimistic about the prospects for resolving a mushrooming global economic crisis.

Oil sinks as economy falters

Investors worry that the worsening crisis could lead to a further decline in demand for oil. Oil prices continued to decline Thursday as global economic problems hammered demand for crude products. In an effort to loosen up the...

Futures Movers: Oil futures edge lower on speculation over OPEC action

Oil futures fall on speculation over OPEC action By Myra P. Saefong & Polya Lesova, MarketWatch SAN FRANCISCO (MarketWatch) -- Oil futures fell Thursday, holding ground below the $90-per-barrel level as traders weighed...

Daily Mail, London, business briefs column

Via Acquire Media NewsEdge) Oct. 9--ING DIRECT TO ACQUIRE ?3BN IN BRITISH SAVINGS: Dutch bank ING Direct is to acquire ?3bn-worth of British savings held by Kaupthing Edge and Heritable Bank after signing an agreement with the...

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