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• Stocks Tumble After Sales Of Existing Homes Fall
. NEW YORK — Stocks skidded lower Thursday after a steeper-than-expected decline in existing home sales wiped away some of the market's optimism about upbeat earnings reports. The major indexes fell more than 1 percent, including the Dow Jones industrial average, which lost more than 250 points. The National Association of Realtors said sales resumed their decline in June after a slight rebound in May. Existing home sales declined by 2.6 percent in June, well beyond the 1 percent drop economists
• Stocks Tumble After Sales Of Existing Homes Fall
. NEW YORK — Stocks skidded lower Thursday after a steeper-than-expected decline in existing home sales wiped away some of the market's optimism about upbeat earnings reports. The major indexes fell more than 1 percent, including the Dow Jones industrial average, which lost more than 250 points. The National Association of Realtors said sales resumed their decline in June after a slight rebound in May. Existing home sales declined by 2.6 percent in June, well beyond the 1 percent drop economists
• Suncor Energy``s Q2 earnings rise to $829 million on high oil prices (Suncor)
.CALGARY _ Planned maintenance and unexpected repairs caused Suncor Energy Inc.`s (TSX:SU) production to slip during the second quarter, but earnings rose 12 per cent for Canada`s No. 2 oilsands producer thanks to high crude prices.Suncor said Thursday its oilsands production averaged 174,600 barrels per day, down 14 per cent from the second quarter of 2007.Management lowered its full-year production outlook to between 240,000 and 250,000 barrels per day to reflect the weak numbers posted in the
• Nova Chemicals net profit in second quarter falls 78 per cent to US$18 million from $80 million (Nova-Chemicals)
.PITTSBURGH, Pa. _ Nova Chemicals Corp. (TSX:NCX), a Canadian-American plastics and petrochemicals producer, reported higher revenues but a 78 per cent drop in second quarter profits as the company took a non-cash charge on its raw material hedging contracts.Nova said Thursday it earned US$18 million or 21 cents a share for the three months ended June 30, down from earnings of US$80 million or 96 cents for the same 2007 period.Quarterly revenues rose to $2.2 billion from about $1.7 billion, said
• Oil gains ground to settle at US$125.49, but natural gas continues slide (Oil-Prices)
.NEW YORK _ Energy market investors managed to win back modest gains Thursday following oil`s big drop a day earlier, but again drive natural gas prices sharply lower as a three-week sell-off of that fuel continued unabated.Light, sweet crude for September delivery rose US$1.05 to settle at $125.49 a barrel on the New York Mercantile Exchange _ gaining back only about a quarter of Wednesday`s decline. August natural gas tumbled 46.5 cents to settle at $9.283 per 1,000 cubic feet, its lowest point
• Blogger: 'Providence is partly responsible for the food problem in World'
. Providence, Rhode Island is partly responsible for the food problem in World.. So writes blogger "Raag," of Blacksburg, Va., after a trip to Providence for a conference. Here's a bit of it: ...Any restaurant I went to served huge amount of food. At some places food was served in plates as big as counter top. In one of the Indian fast food places, one of our professor went to eat something and server gave him 'half a kilogram' of rice. So, my professor politely said please do not give me that
• Comic-Con: 20th Century Fox Panel
.Comic-Con: 20th Century Fox Panel Posted by Cybergosh on 07/24 at 12:13 PM A half hour past the scheduled start time, the massive crowd that began lining up last night outside Hall H at the San Diego Convention Center is ready to get down to business...and the only thing that’s in the way are some collapsed curtains! Once the maintenance crews complete their reinforcing of the parameter, we will be underway...stand by… 12:12 PM - SDCC Director of Programming is on the stage! And...he
• 1962 Deja Vu
. Could we soon be going through another Cuban Missile Crisis like we did in 1962? The Russian Defense Ministry has denied a newspaper report that Russia was considering basing nuclear-capable bombers in Cuba, Russian news agencies reported Thursday. The newspaper Izvestia this week cited an anonymous top air force official as saying the bombers could be based in Cuba as a response to U.S. plans to place elements of a missile-defense system in Eastern European countries. Defense Ministry spoke
• Military-Industrial-Complex & Secret Societies
. President Dwight Eisenhower Farewell Speech January 17, 1961 (Highlights) My fellow Americans, this evening I come to you with a message of leave-taking and farewell, and to share a few final thoughts with you, my countrymen. We have been compelled to create a permanent armaments industry of vast proportions. Three and a half million men and women are directly engaged in the defense establishment. The total influence – economic, political, even spiritual – is felt in every city, every S
• NEGRO PLEASE: Foxy Brown Files for Career Support
.NEGRO PLEASE: Foxy Brown Files for Career Support July 24th, 2008 [Editor’s Note: “Blogger’s Note” has been taken over by Ron Mexico until further notice] They got Foxy Brown on the cover of this month’s XXL lookin like Donna Summer workin the lunch shift at a strip club—in Rwanda. “A lot of things have happened over the years between Jay and I… Ain’t No Nigga gave him his first radio hit… But there’s an unbreakable bond that will never die. 50 [Cent]wanted me to be part of his team so bad.
• Barack Obama lifts the spirits, but he’s not ‘The One’
. Interesting commentary from Brit side. By Iain Martin Last Updated: 12:01am BST 24/07/2008 Even if it is not quite the second coming - this is at least his third visit - Barack Obama’s arrival on these shores will be regarded by his Anglo-supporters as a quasi-spiritual event. While he may not be our saviour, he is promising to make the world we share with the US a safer place, and to behave in an exciting fashion on our television For those Britons sick of the old-time religion of
• Midday open thread
. Who is this guy and why is he so whiny? He was "frightened and intimidated" by the "angry left blog Daily Kos"? What a wuss. Wondering what the Sarah Palin scandal is all about? Here's a good roundup of the affair that has knocked a Republican governor once sporting an over-90 percent approval rating back to earth.. Comments are scary. Yup, that means you. To add, these stories always start with sensational ledes about "death threats", as though it's those crazy liberals or whatnot that e
• Nancy Lieberman Mounts A Comeback
. Nancy Lieberman is a half century old, but that won't stop her from mounting a comeback with the WBNA's Detroit Shock. Of course Lieberman has only been signed for a seven day contract, but I guess she's been staying in playing shape. The surprise move comes as the Shock seek to replace Cheryl Ford, who will miss the rest of the 2008 season. "At last year's WNBA All-Star Game, our coaching staff watched Nancy run through the skills test. She was very impressive," said Bill Laimbeer, the hea
• Dow's Quarter and Rohm & Haas
.Another fantastic management job at Dow Chemical (DOW) this quarter and more affirmation as to why the Rohm & Haas (ROH) deal went for the price it did and why it is a great purchase. Results: Sales for the second quarter set another Company record, rising 23 percent from the same period last year to $16.4 billion. Double-digit price increases were recorded in all operating segments and all geographic areas. · Volume grew 5 percent, with 12 percent growth in geographic areas outside of No
• Seattle Housing Market vs. National Headlines
. One common refrain lately among real estate agents desperate to put a positive spin on the local market is that potential home buyers in the Seattle area are just being frightened by all the bad national news on the housing market. The local market is doing just fine, and would be even better if only everyone would stop paying attention to the national stories. Well, let’s take a look at the latest national housing market data, and compare it to the Seattle area. Associated Press: Existing ho
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