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Bankruptcy Judge Rejects Countrywide Settlement Offer-Reuters
Last Update: 8/15/2008 11:39:44 AM
DOW JONES NEWSWIRES
A $325,000 payment proposal by Countrywide Financial Corp. to settle claims over
its lending practices was rejected Thursday by a federal bankruptcy judge,
Reuters reported. The offer by the housing lender, now part of Bank of America
Corp. (BAC), made to a bankruptcy [...]

WASHINGTON (MarketWatch) — U.S. consumers remained gloomy in August, despite a
drop in retail gasoline prices, according to media reports on the University of
Michigan/Reuters consumer sentiment index released Friday. The index rose to 61.7
in early August from 61.2 in July. The index reached a 28-year low in June.
Economists surveyed by MarketWatch were expecting the index to [...]

Is the party over?
The sharp declines in metals prices was mostly “predicated on the sharp reversal in oil and on the turn upward in the greenback, but the underlying theme remains the rotation out of commodities by index and hedge funds,” said Nadler.
“The party is at a point where the lone couple now dancing to [...]

On July 15th the US Dollar Index closed at 71.87, the lowest close since reaching its record low in April. This index was in the process of breaking down, and in fact it had actually fallen out of its uptrend channel on the following chart.
However, rather than continue lower and fall off the edge of [...]

Barrick Gold Posts Stronger 2Q Net, Sales; Cash Costs Rise
Last Update: 7/31/2008 8:10:38 AM
DOW JONES NEWSWIRES
Barrick Gold Corp. (ABX) posted a 22% improvement in second-quarter earnings and
stronger sales as higher gold prices offset an increase in cash costs.
The world’s largest gold producer, which is based in Toronto, earned $485 million
or 55 cents a share in [...]