U.S. stocks rally on crude's fall to end at six-week highs

Date: Fri, 08 Aug 2008 17:04:06 -0400

U.S. stocks rally on crude's fall to end at six-week highs

U.S. stocks leap as a surging dollar pushes the price of crude oil to
lows not since seen early May.

UBS settles auction-rate probe for record $19 billion

UBS settles with state and federal regulators over charges relating to
auction-rate securities, agreeing to buy back nearly $19 billion of the
securities.

U.S. banks remain under pressure, quarterly results show

Banks remain under pressure after bad loans increased during the second
quarter, according to one measure of financial strength in the
industry.

Beijing opens Olympics with elaborate ceremony

Powered by a lucky number and dazzling fireworks, the 29th Olympic Games
open in Beijing with an elaborate ceremony featuring thousands of
performers.

Commodities Corner: Talk of $200 oil by year's end quietly fades

SAN FRANCISCO
Talk of $200-per-barrel oil prices by the end of the year has quietly
faded away and been replaced by forecasts for $100.