U.S. stocks end week sharply lower as oil surges

Date: Fri, 23 May 2008 17:04:58 -0400
U.S. stocks end week sharply lower as oil surges

U.S. stocks finish with losses for the day and tumble sharply on the
week, as crude oil surges above $130 a barrel, putting pressure on a
market beseiged by worries that inflation will crimp consumpation and
further weaken the economy.

Futures Movers: Natural-gas futures near $12, close with an almost 7%
weekly gain

Natural-gas futures climb closer to $12 per million British thermal
units Friday, as concerns about the potential for disrupted output
during the Atlantic hurricane season feed a rally that lifted prices for
the commodity by almost 7% for the week.

Telecom Report: AT&T, Verizon bet they'll catch Sprint in 4-G wireless
race

"My network's better than your network." So goes the playground-like
argument that's raging in the telecom industry's fierce competition for
customers in "fourth-generation" wireless service.

Anheuser-Busch shares bounce on report of takeover bid

Shares of Anheuser-Busch pop after a published report says the brewer
could be the target of a takeover attempt by rival InBev.