Oil-Rig Equipment Maker Goes Global As Energy Prices Keep Rising (Investor's Business Daily) Investor's Business Daily - High oil and natural-gas prices are making for blowout earnings for energy companies. T3 Energy Services is growing quickly by preventing blowouts. Paulson: housing bill woes not insurmountable (Reuters) Reuters - Treasury Secretary Henry Paulson on Thursday said that problems with a housing relief bill under debate in the House of Representatives are "not insurmountable" and he would work toward a bill that President George W. Bush could sign. Wall Street jumps on miners, oil (Reuters) Reuters - Stocks rose on Thursday as a surge in global commodity prices propelled mining and energy shares higher, while technology shares gained after a top strategist said they were a good value. Greenspan says worst of credit crisis over: sources (Reuters) Reuters - Former Federal Reserve Chairman Alan Greenspan said on Thursday that the worst of the credit crisis is over, according to sources who attended a speech he delivered in New York. March trade gap narrows on record import drop (Reuters) Reuters - A record drop in U.S. imports because of slowing domestic demand took a big bite out of the U.S. trade deficit in March despite record high oil prices. 2008 growth outlook deteriorated: Blue Chip (Reuters) Reuters - Even with some signs of improvement in the U.S. financial markets and a temporary boost from the economic stimulus package, the growth outlook for the second half of this year has deteriorated, according to a panel of economic forecasters. Will love of mom overcome economy worries on Mother's Day? (AP) AP - It's a few days before Mother's Day and Robert Jenkins jumps every time the phone rings. More shoppers seeking shelter from economy in discounters (AP) AP - Caught in the maelstrom of higher gas and food prices, Americans — even more affluent ones — are seeking shelter in wholesale clubs and discount apparel chains. Jobless claims, retail sales show resilience (Reuters) Reuters - The number of U.S. workers filing claims for initial jobless benefits fell last week and retail sales rebounded last month from a dismal March, suggesting the economy, while soft, was not crumbling rapidly. Shoppers went for bargains in April rebound (Reuters) Reuters - Retail sales rebounded in April after the worst March in 13 years, as warmer weather boosted demand for spring and summer apparel, while most discounters shined as cash-strapped consumers hunted for bargains. Gas jumps above $3.67, oil passes $126 on Venezuela concerns (AP) AP - Oil rose above $126 a barrel for the first time Friday, bringing its advance this week to nearly $10, as investors questioned whether a possible confrontation between the U.S. and Venezuela could cut exports from the OPEC member. Gas prices, meanwhile, rose above an average $3.67 a gallon at the pump, following oil's recent path higher. Jobless claims fall 18,000 in latest week (Reuters) Reuters - The number of U.S. workers filing claims for initial jobless benefits fell to a lower-than-expected level in the latest week, a government report showed on Thursday. Stocks rise modestly even as oil extends record high run (AP) AP - Wall Street closed a quiet session with a moderate advance Thursday, with energy and other commodities companies leading the market as oil prices extended their record-breaking run.

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