Down week...Oil sinks...Job troubles | KXNet.com North Dakota News

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Down week...Oil sinks...Job troubles

NEW YORK (AP) Stock prices closed mixed today, but it was a tough week for the key averages. The Dow was down 2.8 percent this week, while the Nasdaq dropped 4.7 percent.

Washington (AP) Many economists think the job market may weaken further before it gets better. The nation's jobless rate soared to 6.1 percent in August, while employers trimmed payrolls for an eighth straight month.

NEW YORK (AP) oil prices sank to a five-month low. Light, sweet crude for October delivery fell $1.66 to settle at $106.23.

WARREN, Mich. (AP) General Motors says that half of its major factories worldwide will recycle or reuse nearly all of their waste materials by the end of 2010. Company officials also say 33 more factories have achieved "landfill-free" status, bringing the total to 43 worldwide.

WASHINGTON (AP) FCC Chairman Kevin Martin says he's unlikely to delay plans for a digital television test in North Carolina, as Tropical Storm Hanna approaches. Four commercial stations in Wilmington, North Carolina, are to stop broadcasting in analog at noon Monday, a prelude to the planned national transition to digital broadcasting next February.

(Copyright 2008 by The Associated Press. All Rights Reserved.) APNP 09-05-08 1630CDT | save this article / add to your favorites list


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