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AP August 12, 2011 10:06PM John Santiago works on the floor of the New York Stock Exchange on Friday, Aug. 12, 2011. | AP Photo NEW YORK - The wildest week in Wall Street history ended with a second day of gains. ConAgra Foods Inc. has made another bid for Ralcorp Holdings Inc. that has been rejected. Ralcorp said Friday that it received a roughly $5.17 billion offer this week and that it is not in the companys best interest. WASHINGTON -- Regulators on Friday shut down a small bank in Kansas, lifting to 64 the number of US bank failures this year. The pace of closures has slowed, however, as the economy has slowly improved and banks work their way through the bad debt ... A trader works on the floor of the New York Stock Exchange, Aug. 10, 2011. (Richard Drew/AP Photo) No matter which side of the political fence or economic Continental Divide you sit on, few can deny that this was the week that was. The strike by workers at Verizon Communications (NYSE: VZ) is about one thing -- and one thing only -- health care. James Cox, managing partner of Harris Financial Group in Colonial Heights, Va. Traders work on the floor of the New York Stock Exchange on August 12, 2011 in New York City. Traders work on the floor of the New York Stock Exchange on August 12, 2011 in New York City. Extreme market anxiety is likely to roil the already-volatile gold futures market, and a change in margin requirements adds uncertainty. Various European market regulators banned the short sales of financial companies last week. The shares of those European financial companies rose: so does that mean that the ban on shorting worked? AP AMSTERDAM -- Royal Dutch Shell PLC said Friday it is trying to stop oil leaking from a flow line at one of its drilling platforms in the North Sea off the coast of Scotland. Could Apple be worth $1 trillion? Its conceivable. The $347 billion maker of iPhones and iPads became - if only briefly - the most valuable company in the United States when it overtook Exxon Mobil on Tuesday. Chancellor George Osborne has asked the Inland Revenue to check whether the 50p top rate of income tax is actually making money for the government. WASHINGTON (CNNMoney) -- With 120000 post office workers facing layoffs and thousands more facing benefits changes, lawmakers will soon be required to make some tough choices -- meaning that ... Italys government has approved euro45 million ($64.12 million) in cuts over the next two years to balance the budget by 2013 to meet demands of European Central Bank. A bar screen at Valley Creek Waste Water Treatment plant in Jefferson County, Ala. Jefferson County is struggling to avoid what would be the largest municipal bankruptcy in US ... A former managing director of the NASDAQ Stock Market has been sentenced to 3 1/2 years in prison after making hundreds of thousands of dollars on insider trades. Spanish and Italian bonds rose, pushing 10-year yields for both down by the most since the euro was created, after the European Central Bank bought the securities as it sought to ... By ANNE DINNOCENZIO JC Penney Co. is reporting a flat second-quarter profit as the department store retailer was forced to aggressively mark down prices on fashions to get its middle income shoppers to spend in an increasingly uncertain economy. The yen gained versus the dollar, approaching the strongest level since World War II, as the Standard amp; Poors downgrade of the US and concern Europes sovereign-debt crisis is worsening boosted demand ... A man stands outside a store advertising that it is going out of business in New York, July 19, 2011. By Alexandra Alper NEW YORK (Reuters) - Consumer sentiment dropped to its lowest point in more than three decades in early August, ...
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