10-16-08 Money, Markets & More
Get set for another interest rate cut by the Fed. Our chief economist sees one coming this month. Brace for more earnings news - from candy bars to motorcycles to airlines. And would you buy a pricey Elmo this year?
APNewsBreak: Probe questions runaway Prius story
SAN DIEGO (AP) -- Investigators with Toyota and the federal government were unable to make a Toyota Prius speed out of control as its owner said it did on a California freeway, according to a memorandum obtained Saturday by The Associated Press. A congressional spokesman said the finding cast doubt on the driver's story....
How the major stock indexes fared on Friday
Mixed economic reports held the stock market to only modest moves Friday but gains for the week were strong. Uneven figures on retail sales and consumer confidence gave investors little new insight into the economy. The reports weren't enough to propel the market higher a day after the Standard & Poor's 500 index closed at its highest level in 17 months. Major stock indicators climbed for the week after investors grew more upbeat about the health of banks....
Probe questions account of runaway Prius
SAN DIEGO (AP) -- Investigators with Toyota and the federal government were unable to make a Toyota Prius speed out of control as its owner said it did on a California freeway, according to a memorandum obtained Saturday by The Associated Press. A congressional spokesman said the finding cast doubt on the driver's story....
Summary Box: Stocks cap week with modest moves
QUIET DAY: Major stock market indexes were little changed a day after the Standard & Poor's 500 index closed at a 17-month high. Mixed reports on consumer sentiment and retail sales kept trading subdued....
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