Oil prices rebound even as crude inventories jump
NEW YORK (AP) -- The price of oil bounced back near $115 a barrel on Wednesday, as traders shrugged off a massive increase in U.S. crude inventories and a stronger dollar and focused on possible supply threats....
Commodities slump won't mean lower food prices
NEW YORK (AP) -- As prices for crude oil and other commodities ease, consumers have gotten a small dose of relief at the gas pump. But don't expect less pain at the grocery counter....
Companies bid millions to tap Western Gulf
WASHINGTON (AP) -- Energy companies placed $487.3 million in winning bids for the right to drill in the western Gulf of Mexico, knowing they may get a chance later to explore in other areas that have been off limits for decades....
FDIC sets mortgage plan for IndyMac borrowers
WASHINGTON (AP) -- Troubled home borrowers with loans from IndyMac Federal Bank will be able to switch to fixed-rate mortgages under a new plan from federal regulators, who seized the bank last month after it became the largest regulated thrift to fail....
Fannie Mae, Freddie Mac shares plummet
WASHINGTON (AP) -- Shares of mortgage finance companies Fannie Mae and Freddie Mac continued their plunge Wednesday as investors became increasingly convinced that the stocks will drop to zero if the government bails out the troubled companies....
Corbett
