Booming oil means record 2Q sales for Halliburton --Revenue rose to record $4.48 billion Halliburton's second-quarter profit fell about 67 percent from a year ago, when it recorded a nearly $1 billion gain from its split with former subsidiary KBR, but the oilfield services provider posted record revenue and said prospects look good for the remainder of 2008. Revenue rose to a record $4.48 billion from $3.73 billion a year ago, beating Wall Street's $4.25 billion average estimate.
Plane carrying Ron Paul, congressmen makes emergency landing A plane carrying Texas Rep. Ron Paul and six other members of Congress was forced to make an emergency landing Tuesday due to mechanical issues. According to the Federal Avaiation Administration (FAA), Continental Airlines flight 458, a Boeing 737 en route to Washington, DC from Houston made a rapid decent in New Orleans when the pilot reported pressurization problems.
Cost of Bailout of Loan Giants Is Estimated at $25 Billion The proposed government rescue of the nation’s two mortgage finance giants will appear on the federal budget as a $25 billion cost to taxpayers, the independent Congressional Budget Office said on Tuesday even though officials conceded that there was no way of really knowing what, if anything, a bailout would cost.
Bush Job Approval Drops to 21% George W. Bush's overall job approval has dropped to 21% as 76% of American say the national economy is getting worse according to the latest survey from the American Research Group. Among all Americans, 21% approve of the way Bush is handling his job as president [sic] and 72% disapprove. When it comes to Bush's handling of the economy, 17% approve and 77% disapprove.
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