After The Bell Report: Fed words may mean more than action this time

Date: Tue, 29 Apr 2008 21:01:04 (GMT)
Fed words may mean more than action this time

As Federal Reserve policy-makers gather for the start of their two-day
meeting, the statement they'll cobble together over the next two days
will be more important than any action taken by the central bank.

Capitol Report: Gas-tax reduction plans are counterproductive,
economists say

It might seem axiomatic that cutting taxes on gasoline would make it
cheaper. But economists say a side effect of cheaper gas would be
increased demand. That, they point out, would put prices right back
where they started.

BP, Shell surge as oil prices propel higher profits

BP and Royal Dutch Shell see sharp boost as crude-oil prices helped
offset virtually flat production and skyrocketing costs.

Merck shares fall on rejection of cholesterol drug

Merck's share price drops more than 10% on news that the Food and Drug
Administration has denied approval of a new cholesterol drug called
Cordaptive.