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Consumer confidence lowest since early '80s

U.S. consumer confidence was the weakest this month since Jimmy Carter was president from 1977 to 1981, and while single-family home construction in April fell to a 17-year low, total housing starts rose unexpectedly because of an increase in apartment and condominium construction.

Market ends mixed as oil sets record

Wall Street capped a week of big gains with modest moves Friday as investors grappled with surging energy prices that overshadowed news of a surprise increase in home construction.

Oil decline, economic data boost market

The stock market notched its second straight daily advance Thursday, with investors assuaged by a pullback in oil prices and better-than-expected economic data.

Better-than-expected report on consumer prices lifts market

Wall Street advanced Wednesday after a better-than-expected report on consumer prices tempered some of the market's concerns about inflation.

Market mixed on retail, oil news

Wall Street turned in a mixed performance Tuesday after a fresh report on retail sales and a new oil price record told investors the same old story: The economy is hurting and costs are rising, but things could be worse.

Dow jumps as oil falls, dollar rises

Wall Street rose sharply today as a rising dollar cooled some concerns about inflation and helped keep oil prices in check. The Dow Jones industrials at times gained more than 150 points.
AIG loss, soaring crude make for anxious week

Wall Street ended the week with a big decline as investors grappled with two of the biggest threats to the economy: fallout from turmoil in the credit market and surging energy prices. All three major indexes sustained losses for the week.

Scripps board OKs company split

E.W. Scripps Co. board has approved management’s plan to separate the media company into two public companies, effective July 1.
Oil, commodities lead market as oil price rises

Wall Street closed a quiet session with a moderate advance Thursday, with energy and other commodities companies leading the market as oil prices extended their record-breaking run.

Wall Street retreats as oil prices edge higher

Wall Street tumbled Wednesday as the price of oil soared to almost $124 a barrel - a record - touching off concerns that the stock market's recent gains might have been premature as consumers grapple with rising energy and food costs.

Market finishes higher after losses early in day

Wall Street reversed early losses to close higher Tuesday, as investors monitored the movements of record high oil prices but still laid bets that the economy and companies are in recovery mode.

Things looking ducky for top Aflac officials

Shareholders of health and disability insurer Aflac approved almost $15 million of compensation for Chairman and Chief Executive Dan Amos on Monday in the first stockholder vote on executive pay by a major U.S. company.

Failed merger deal, oil costs drag market down

Wall Street pulled back Monday following Microsoft Corp.'s decision to withdraw its bid for Yahoo Inc. and as oil prices rose to a record of more than $120 a barrel.

Indications of resilience

The economy showed unexpected signs of resilience Friday as job losses slowed, the dollar gained a bit of muscle for a change, and there were even indications that food prices may be easing.

Fed aims to rein in credit-card industry

The Federal Reserve and other regulators initiated steps Friday to end "unfair and deceptive" credit-card industry practices assailing consumers who are already struggling to cope in a bad economy.

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