Wednesday, May 28, 2008

U.S. stocks cap a second volatile day with gains

Date: Wed, 28 May 2008 17:04:50 -0400
U.S. stocks cap a second volatile day with gains

U.S. stock indexes get their second straight day of gains, even after
shifting gears multiple times during the session, with economic data
helping investors overcome downbeat news in the financial sector.

Exxon Mobil shareholders vote against separate chairman/CEO roles

Exxon Mobil Corp. shareholders fall short of a majority of the votes
cast at the oil giant's annual meeting in pressing for the posts of
chairman and chief executive to be made separate.

Futures Movers: Oil reclaims $131 as traders weigh supply, demand
indications

Crude-oil futures find their footing, reclaiming the $130-a-barrel mark,
although to some observers the market appears vulnerable to further
selling.

Capitol Report: Politicians start to squirm over ethanol policy

NEW YORK
Think back to 2005 and the energy policy debates in Congress. Democrats
and Republicans both claimed the slogan of energy independence as the
mantra for a national energy policy.

UPS, DHL to sign multibillion-dollar services deal

Deutsche Post AG, in a virtual admission of failures in its DHL delivery
business, says that it will turn to rival and industry kingpin UPS to
bridge the weakest link in its delivery system.

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