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| Dow drops 39, Nasdaq sheds 10; Oil rises |
| Monday, February 26, 2007 Topic: Stock Markets by Directory Moderator |
 Stocks ended a lackluster week with a moderate decline Friday as higher oil prices weighed on investors' already rickety sentiment and Treasurys rallied amid concerns about a meltdown in the subprime mortgage market among companies that offer loans to those with spotty credit. |
| Stocks fall on mortgage defaults |
| Monday, February 26, 2007 Topic: Stock Markets by Directory Moderator |
 Stocks fell for a third straight session on Friday as concern over rising defaults in the subprime mortgage industry drove down financial services shares and the price of oil hit a 2007 high. Shares of NovaStar Financial Inc. (NYSE:NFI - news) and New Century Financial Corp. (NYSE:NEW - news), two of the major names in the business of making home loans to Americans with shaky credit, extended declines from earlier in the week. |
| Jobless claims fall 27,000 |
| Monday, February 26, 2007 Topic: Business by Directory Moderator |
 The number of U.S. workers filing for first-time jobless benefits fell sharply last week, government data showed on Thursday, but the decline was smaller than expected, and economists say layoffs remained elevated because of winter storms. |
| JetBlue cancels 68 JFK flights |
| Monday, February 26, 2007 Topic: Business by News Editor |
 etBlue canceled 68 flights scheduled into and out of Kennedy airport on Monday because of the snow that was expected to fall, a spokeswoman said.
The JetBlue Airways Corp. cancellations, from among its more than 175 scheduled flights at the Queens airport, were to make sure crews and planes are in the right places so the company can quickly resume operations after the snow storm, spokeswoman Alison Eshelman said Sunday. |
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