Friday, May 16, 2008

U.S. stocks end lower but book solid weekly gains

Date: Fri, 16 May 2008 17:04:47 -0400
U.S. stocks end lower but book solid weekly gains

U.S. stocks remain on track for Friday losses but full-week gains, as
crude-oil prices probe another record high and persistently weak
consumer confidence overshadow a surprising rise in April home
construction.

Transportation Dept. proposes slot auctions at JFK, Newark

The U.S. Transportation Department is proposing to require carriers to
auction off some of their existing takeoff and departure slots at two
major airports in an effort to relieve chronic air-traffic congestion in
the New York area.

Commodities Corner: Cheap oil may be history as $100 becomes the new
norm

The oil market hasn't had a lot of time to get used to triple-digit
prices, let alone the idea that $100 a barrel just might be a new price
floor and the concept that cheap oil is a thing of the past.

Economic Report: April housing starts surge on condo construction

U.S. home builders broke ground on 8.2% more homes in April, led by a
36% increase in multi-family units, the Commerce Department estimates.

Race would be Clinton's in winner-take-all format

The question gets asked from time to time: why don't Democrats abandon
their presidential selection process for a more decisive -- and swifter
-- winner-take-all system? And it's probably something Hillary Clinton
is asking right now, because under such a system, the Democratic
nomination probably would be hers now.

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