
Reuters - Stocks slipped on Friday after the
price of oil hit a record and consumer sentiment data came in
surprisingly weak, reviving concerns over spending.
Reuters - Consumer confidence tumbled to its
lowest in 28 years this month, a survey showed on Friday, as
short-term inflation expectations reached the highest levels
since the stagflationary early 1980s.
Reuters - Construction starts on new U.S.
homes rose by a surprisingly strong 8.2 percent in April and
applications for new building permits turned up for the first
time in five months, the Commerce Department said on Friday in
a report showing the hard-hit housing sector still had some
spring vigor.
Reuters - Two weeks after Microsoft Corp
abandoned its pursuit of Yahoo Inc , a proxy fight
launched by activist investor Carl Icahn has put Microsoft in
the driver's seat.
Reuters - Teen apparel retailer Abercrombie &
Fitch Co reported higher quarterly profit on Friday,
topping Wall Street estimates, as a lower tax rate and a better
gross margin helped offset the impact of lower same-store
sales.