The Record, Bergen County, NJ

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The Record, Bergen County, NJ

The Record, Bergen County, NJ, September 09, 2006

Op-Ed; Column

Fears Ease, Oil Prices Dip ; Falling Demand, Rising Supplies Fuel Turnaound

WASHINGTON Oil prices fell by more than $1 a barrel Friday, dipping below $67 as traders focused on slackening demand and rising supplies. Crude futures have pulled back more than 15 percent from their all-time high in mid-July to levels not seen since early April. The Atlantic hurricane season so far has been tame and there is growing skepticism that the diplomatic standoff between the West and Iran will prompt OPEC's No. 2 producer to pull supply off the market.

Investors Shrug Off Latest Housing Fear

NEW YORK Wall Street rebounded moderately Friday from two losing sessions as oil prices dropped further and investors mostly shrugged off another warning from a home builder about declining demand. The major indexes ended the week with losses. Investors apparently took in stride Lennar Corp.'s announcement that it was lowering its third-quarter profit forecast, joining several rivals in pointing to lackluster demand in a slowing housing market. Warnings earlier in the week from Beazer Homes ...

Hp Chief: Directors Standing by Me ; Remains On the Job Despite Records Ruse

SAN FRANCISCO Hewlett-Packard Co. Chairwoman Patricia Dunn said Friday that several of her fellow board members want her to remain on the job despite a criminal investigation into her efforts to plug a media leak. Dunn's crusade spawned a ruse to obtain the personal phone records of company directors and at least nine reporters. It put HP's board at the center of an imbroglio that threatens to distract the Palo Alto-based company as it tries to build on a recent run of success in the persona...

Business Briefs

BD to buy up TriPath shares FRANKLIN LAKES Medical supplier BD on Friday said it will acquire TriPath Imaging Inc. by purchasing the 93.5 percent of TriPath shares that it does not own for $350 million.

Study: Mortgages Cost More for Blacks, Hispanics ; Creative Financing by Some Borrowers Cited As Factor

WASHINGTON Black and Hispanic home buyers pay more for their mortgages than do whites, according to a Federal Reserve report released Friday. The Fed's analysis of 2005 home lending data found that 54.7 percent of black borrowers paid a higher-than-typical interest rate on home mortgages. That was up sharply from 32.4 percent in 2004.