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A collection of news and information related to Prices published by Tribune Company sources.
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Energy costs a factor in Michigan US Senate race
Associated Press WriterA gallon of gas costs more than twice what it did six years ago, the last time incumbent Democratic U.S. Sen. Carl Levin was up for re-election. The average statewide cost for regular unleaded gasoline was $3.27 per gallon as of Friday, according to AAA...Tags: Parliament, Consumers Energy Company, National Government, Government, AAA
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Giving seniors a lift
Special to The Baltimore SunLife in America has come full circle for Paul Bikoi. When Bikoi immigrated to Columbia from Cameroon 12 years ago, he turned to a county-based nonprofit business for interpretation and counseling assistance. Now, he helps translate documents for French-...Tags: Transportation, Religious Events
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The week ahead
Tuesday •Earnings: Intel Corp.; Supervalu Inc. Wednesday •September retail sales •September producer price index •Federal Reserve beige book •Earnings: Abbott Laboratories; AptarGroup Inc.; eBay Inc.; RLI Corp....Tags: Economic Indicator, Consumer Confidence, Land Price, Federal Reserve, Economy
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Holiday airfares in Orlando are taking off
Sentinel Staff WriterCentral Floridians planning to fly this holiday season will pay more than they did last year, as airlines' reduced flight schedules drive airfares higher. An analysis by the travel-consulting company Harrell Associates found that Orlando fares are up...Tags: Christmas, Air Transportation Industry, National Government, Government, Religious Festivals
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Banks get break with 'fair value'
The standard-setting board for corporate accounting adopted new guidance Friday that will give banks a break in the distressed market and could boost their balance sheets. The five-member Financial Accounting Standards Board decided to provide some...Tags: Mortgages, Securities, U.S. Securities and Exchange Commission
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Pricing for Lehman debt provides guidance on potential bank losses tied to credit swaps
AP Business WriterNEW YORK (AP) _ Sellers of insurance on bonds issued by bankrupt Lehman Brothers Holdings Inc. are now likely to face demands that they pay out more than 91 cents on the dollar to buyers of those insurance contracts. That's the upshot of an unusual...Tags: Merrill Lynch & Company Inc., Federal Reserve, Credit and Debt, Lehman Brothers Holdings Incorporated, Christopher Cox
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DOT wants assurances before giving Continental bid to join Star Alliance its antitrust blessing
Tribune reporterNot so fast. The U.S. Department of Transportation wants greater detail on how pricing and competition would affect fares if it grants Continental Airlines the same antitrust immunity enjoyed by United Airlines and its key partners in the Star Alliance....Tags: American Airlines, Inc., Transportation, Air Transportation, Continental Airlines Incorporated, Air Transportation Industry
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Board approves new guidance for accounting rules that could help ease financial crisis
AP Business WriterNORWALK, Conn. (AP) _ The standard-setting board for corporate accounting adopted new guidance on Friday for how banks value assets in the distressed market, a move that could boost their balance sheets. The five-member Financial Accounting Standards...Tags: Mortgages, Securities, John McCain, U.S. Securities and Exchange Commission, Government
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Continental in holding pattern
Chicago Tribune reporterNot so fast, say federal regulators. The Department of Transportation wants more detail on how pricing and competition would be altered if it grants Continental Airlines the same antitrust immunity enjoyed by United Airlines and its key partners in the...Tags: American Airlines, Inc., Transportation, Air Transportation, Continental Airlines Incorporated, Delta Air Lines
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Accounting board adopts guidance to ease crisis
AP Business WriterThe standard-setting board for corporate accounting adopted new guidance on Friday for how banks value assets in the distressed market that could boost their balance sheets. The five-member Financial Accounting Standards Board decided to provide some...Tags: Mortgages, Securities, John McCain, U.S. Securities and Exchange Commission, Government
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Asian markets plunge after huge Wall Street losses
Los Angeles Times Staff WriterSHANGHAI — Panic swept Asian markets today on the heels of Wall Street's selloff, as Japan's stock index plunged nearly 10% and shares throughout the region tumbled. Analysts said investors, many of them foreign, raced to dump risky assets and...Tags: Henry Paulson, Federal Reserve, Money and Monetary Policy, Central Bank, Stock Activities
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Hope for Homeowners program: How it works
Cox News ServiceBy Marilyn Geewax Borrowers struggling with unaffordable mortgages may be eligible for help from a government-backed program. "For homeowners in trouble, this may be the help they need," said Housing and Urban Development Secretary Steve Preston. At...Tags: Mortgages
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