Oil Prices Bounce After U.S. Inventories Rise

Oil prices bounce up and down this morning even after the U.S. Dept. of Energy announce a rise in inventories this morning. While light sweet crude dropped below the $48 mark immediately following the announcement, it quickly bounced back up to 20 cents over its opening price and then back down slightly to 15 cents at $49.35. Brent is trading down 27 cents at $50.25…

Time Warner Profit Up Slightly

Time Warner reported a small profit increase for the first-quarter based on an increase in advanced cable service subscribers and advertising sales at AOL and TNT.

Is NASA Delay Just Good PR?

Am I a jerk for wondering about how prepared NASA truly is for the upcoming launch of the space shuttle Discovery? Wait. Don't answer that.