U.S. stocks end mostly lower on oil, Fed worries

Date: Tue, 10 Jun 2008 17:04:33 -0400
U.S. stocks end mostly lower on oil, Fed worries

U.S. stocks end a volatile session most lower, tracking gyrations in
crude oil prices, while remarks by Federal Reserve Chairman Ben Bernanke
revive expectations of a possible interest-rate hike to contain
inflation.

Calls increase for big brokers to be regulated like banks

Big brokerage firms like Goldman Sachs, Lehman Brothers and Morgan
Stanley are facing increasing calls this week that they should be
regulated the same way as banks because they're so important to the
health of the world's financial system.

Fed watchers say Fed's on hold and not itching to hike

Fed watchers attending the Boston Fed's annual conference on Cape Cod
think financial markets are just too stressed out about the Fed.

Wall Street likes new iPhone despite worries for iPod

A day after Apple Inc. unveiled a new, 3G version of the iPhone and
drastically cut the price of the device, industry analysts generally
believe the moves will make the company more of a mainstream player in
the mobile phone market.

Mid-Atlantic power prices triple on heat waves, natural gas

Wholesale spot prices for power in the mid-Atlantic States nearly have
tripled this month to a level much higher than retail prices, with
strong heat waves pushing up electricity demand and generation costs
increasing from costlier natural gas.