Page 440 - 05 News Today

Profits through cost-cutting, hopefully offsetting ongoing losses in mortgages. it also says that it will stop paying, it hopes, a dividend next year. crude fell below $105 a barrel. opec says its considering adopting a policy raising outlook to help make up for libyas shutdown. boeing shares climbed on closing a deal with two chinese airlines for 2,000 planes over the next five years. netflix sinking nearly 6% on news facebook is dabbling in streaming movies on its website for a modest fee. t...

Where does the united states get its oil from? >> well, its a reminder when you see $105 crude and people talk about $ gas, its a reminder more than half of our energy supplies in the country are imported. 49% is what we come up with ourselves. 51% is imported. where does it come from? the bulk of that from here in the western hemisphere, mexico and venezuela. the persian gulf, 17% there. other sources up to about 10% there. so all eyes really on the middle east here. when you have so much oil c...

Conflict gt ideologies there. bottom line is, according to deutsche bank, an analyst, you wont see $4 gas until you see oil at $125. right now oil is $105, $106. >> frank buckles died february 27th at age 110. he was the last surviving u.s. veteran of world war i. he drove an ambulance for the u.s. army in europe rising to the rank of of corporal. his daughter wants his body to lay in honor in washington as a tribute to all the veterans of the first world war. shes backed by politicians in his h...

Welcome back. oil prices keep soaring. they topped $104 a barrel last week. today the situation is getting worse. we have details from the new york stock exchange. >> we are watching oil on the move right now. topping $105 a barrel. it hit $106 a barrel this morning, the highest price in 2 1/2 years. look at prices over the last month. they are up almost 20%. the funny thing is oil supplies are okay. the trade you are watching happened with oil is being driven by speculation. the fear of what wi...

Details. >> gasoline hit $3.51 today. oil prices closed higher, too over $105 a barrel on concerns about supply disruptions. now obama is considering tapping me troilum reserves. since we import $10 billion-barrel a day, it would have 70 days of imports its been tapped 17 times since it was created in the early 1970s. >> when we have unin the middle east its not market issue but could create major disruption. im not saying that it has happened but that is the issue. not the market setting the pr...

The economic recovery. we are seeing $4 in some parts of the country. in the northeast, were seeing 3.50 a gallon. its gone up dramatically, 33 cents in the last two weeks. what theyre trying to do is just kind of put a ceiling on what the traders are doing because the price is over $105 a barrel. >> as you were sitting down a couple minutes ago when lee land was reporting, he said they just traded it back up again. were above 105. >> were above 105, we were 15 minutes ago. you can expect to go ...

The turmoil in libya is pushing oil higher and higher by the day. crude oil prices are at their highest level since september 2008 nearing $105 a barrel, and thats already hurting all of us at the pump, but the obserama administration has been resisting calls to tap into the strategic reserve. lisa sylvester joins us here. like a hidden tax, the higher a gallon of gas costs, the more people have to shell out of their pockets. >> and people are really focusing on this issue when it comes to this ...

Tumbling 88 point, the nasdaq shrinking 40 points. the oil prices skyrocketed on escalating unrest many the middle east. employers added $192,000 jobs in february. the unemployment rate falling to 8.9%. in december, januarys numbers were revised upward to show an additional 58,000 jobs were added. but violence in libya and protests in yemen, oh man, bahrain, and now eastern saudi arabia sent oil prices soaring. u.s. crude is up $3 today finishing just below $105 a barrel. those prices are keepin...

At the end. >> it happens how it always does. terrible defense and dodgy, dodgy, dodgy goal keeping. barcelona on tuesday, will they recover in. >> you have with arsenal a team that beats barcelona, one of the best clubs in the world and then they lose to all of these lowly teams and they have a chance to finally win the carling cup. since 04? 05? >> youre a fan of the red sox so you know about beauty and fragility. they call it arsenal silent pain with the tears after the game. they play barcel...

All, the big oil giant of them all is saudi arabia. what happens if that country where they are planning big protests on march 11th if not sooner, then what? >> well, neil, thats a problem. if saudi arabia goes off of line, they are producing a huge amount, 10 million plus barrels per day. they are producing if they go off line, then we see $200 crude probably even higher, 225. and it would happen very, very quickly. if you look at the prices rising now its because of the fear that we might have...