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A Sharp Fall in Oil Prices |
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Monday, 07 July 2008 |
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David Lundberg, director at Standard & Poor's, discusses the reasons behind Monday's sharp drop in crude prices and the outlook for oil companies like Exxon Mobil and Chevron. (July 7) |
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Oil Prices Drop Below $140 With Eased Middle East Tensions |
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Monday, 07 July 2008 |
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07/07/08 The price of light-sweet crude during NYMEX floor trading hours dipped below $140 per barrel as the US dollar continued to strengthen in trading against other currencies and Middle East tension seemed to ease. |
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Downturn hitting luxury goods |
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Monday, 07 July 2008 |
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High-end stereo and TV maker, Bang & Olufsen, cuts its profit estimate for the third time this year. * Germany and Italy hit by travel strikes * InBev steps up Anheuser take-over bid |
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Stocks chase dollar higher; oil slumps |
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Monday, 07 July 2008 |
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U.S. stocks rallied in early Monday trade as a stronger dollar sent oil prices reeling by as much as $5. The bid for Budweiser maker Anheuser-Busch has gone hostile as InBev looks to unseat Anheuser's board. Conway Gittens, Reuters |
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Rising costs press dry cleaners |
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Monday, 07 July 2008 |
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23 years ago Albert Lee immigrated to the US and now he owns a chain of dry cleaning stores in New York City. But Lee is worried that his decades of hard work could be in jeopardy. Not only is he paying more for fuel, utilities, and insurance, a staple of his business - the wire hanger - has recently doubled in price. Manoush Zomorodi reports. |
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