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January 25, 2008
Harley-Davidson fourth-quarter profit down
MILWAUKEE -- Harley-Davidson Inc. said Friday its fourth-quarter profit tumbled 26.3 percent due to slumping U.S. motorcycle sales amid a weakening economy, according to the Associated Press.
Harley said its profit for the quarter ended Dec. 31 totaled $186.1 million compared with$252.4 million a year ago. Salesb dropped 7.7 percent to $1.39 billion from $1.50 billion.
Posted by Peter C. T. Elsworth
at 10:02 AM to Motorcycling
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Oil Prices Rise Above $90 a Barrel
Oil futures extended recent gains Friday, pushing crude back above $90 a barrel after U.S. government leaders agreed to a stimulus plan in an effort to avert a major slowdown in the world's largest economy, according to the Associated Press.
Light, sweet crude for March delivery on the New York Mercantile Exchange rose $1.29 to $90.70 a barrel in electronic trading by the afternoon in Europe. The contract gained $2.42 to settle at $89.41 a barrel on Thursday, the largest rise in over three weeks.
Posted by Peter C. T. Elsworth
at 9:58 AM to Crude oil market
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