U.S. stocks rally to the finish line on oil's slide

Date: Tue, 29 Jul 2008 17:04:16 -0400
U.S. stocks rally to the finish line on oil's slide

Stocks are buoyed as cheerier consumer confidence and lower crude prices
offered some respite to ongoing concerns about the economy.

Futures Movers: Crude futures shed over $2 to close near a three-month
low

Crude-oil futures close with a loss of more than $2 a barrel Tuesday, as
ongoing concerns over easing demand as well as strength in the dollar
push prices to their lowest level in nearly three months.

Merrill share-sale plan contradicts CEO's earlier statements

Analysts are praising Merrill Lynch's plans to raise capital and sell
troubled assets. But those plans could create a credibility crisis for
the firm's CEO.

Airlines reconsider the propeller as jet fuel prices soar

As regional airlines see fuel costs saor, they have been switching to a
fleet of propeller-driven turboprop planes for more efficiency.

Alaska senator indicted on criminal charges

Alaska Republican Ted Stevens is charged with improper disclosure of
gifts and services valued at more than $250,000 in business dealings in
his home state.