Wall Street given its deadline by the Fed

Date: Wed, 30 Jul 2008 17:04:05 -0400
Wall Street given its deadline by the Fed

Never mind that the loan balance between the Federal Reserve and Wall
Street has been $0 for four weeks, time is running out for the borrowers
to get their financial houses in order.

Futures Movers: Oil prices close over $4 higher as U.S. gasoline
supplies decline

Crude-oil futures edge higher, finding support from a second-weekly
decline in U.S. crude inventories as well as the first drop in gasoline
supplies in five weeks.

Earnings Outlook: GM investors gird for another big loss

General Motors Corp. will show just how bad the state of its business
has become on Friday when the struggling Detroit giant hands in what
many on Wall Street expect to be a massive second-quarter loss.

Economic Report: ADP shows 9,000 private-sector jobs added in July

U.S. private-sector employment rose by 9,000 in July, according to the
ADP employment index.