WACO COMPANIES - Inventory Glut Pressures Oil Prices - Wall Street Journal WACO COMPANIES - Inventory Glut Pressures Oil Prices - Wall Street Journal

Thursday, February 5, 2009

WACO COMPANIES - Inventory Glut Pressures Oil Prices - Wall Street Journal

OTTAWA – Crude-oil futures were trading slightly lower Thursday, weighed down by swelling U.S. inventories and further economic gloom. Light, sweet crude for March delivery was down 19 cents, or 0.5%, at $40.13 a barrel on the New York Mercantile in STOCKMARKET NEWS >

NEW YORK (AP) - BB&T Corp. shares hit a 13-year low Thursday after a Citigroup analyst downgraded the stock, saying that bank has held up relatively well amid the financial crisis, but that its credit performance may worsen as the economy in STOCKMARKET NEWS >

NEW YORK (AP) — Bank of America Corp. shares dropped below $4 a share Thursday — a level not reached since 1984 — pummeled by unrelenting concern that the government's plans to help prop up banks could hurt shareholders. Shares dropped 20 cents in STOCKMARKET NEWS >

NEW YORK— Shares of Amylin Pharmaceuticals Inc. outpaced the broader market Thursday as billionaire investor Carl Icahn builds on his ownership position in the company as he attempts to replace board members. The San Diego-based company's stock in STOCKMARKET NEWS >

Power generator Duke Energy Corp. said Thursday that its fourth quarter profit rose 36 percent as unusually cold weather drove demand for energy despite a big drop in industrial demand in the Midwest and Carolina as the recession took hold. The in STOCKMARKET NEWS >

BANGALORE (Reuters) - The new chief executive officer of fraud-hit Satyam Computer Services sold 40,000 shares of the company in the days before the previous board's aborted decision to buy two related firms, stock exchange data shows. A.S. Murty in STOCKMARKET NEWS >

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