Crude falls below $88 on recession fears

Date: Wed, 23 Jan 2008 17:06:04 (GMT)
Crude falls below $88 on recession fears

Crude-oil futures declined sharply on Wednesday, as continuing fears
that an economic recession will slash demand for oil prompted traders to
sell energy futures.

Market Snapshot: U.S. stocks back under water in the face of recession
worries

U.S. stocks opened sharply lower after the European Central Bank spoke
of inflationary worries, dashing hopes it would follow the Federal
Reserve's interest-rate cut, and Apple Inc.'s outlook weighed on
technology.

Bond Report: Treasurys rally as stocks continue to slump

Treasury bonds rallied Wednesday, sending yields sharply lower, as
traders once again sought safety in government debt amid continuing
recession fears and expectations for another pullback on Wall Street.

Apple's earnings rise 58%, but outlook disappoints

Apple reports a first-quarter profit that rose 58% from a year ago, but
the shares tumble in after-hours trading as the consumer-electronics
maker gave an earnings outlook that fell short of analysts'
forecasts.

Motorola's quarterly profit declines 84% on mobile woes

Motorola reported an 84% decline in fourth-quarter profit, as it shipped
fewer wireless phones and suffered a steep loss in its struggling
handset division.

More employers look to recruit workers 50 and older

SAN FRANCISCO
AARP is adding three federal government agencies and six private
companies to its list of employers looking to hire people 50 and older
for a variety of full-time, part-time and seasonal jobs, the group
announced Thursday.