LIBYA

Bruised but not bowed, bulls staged a rebound on Thursday and helped stocks stabilize in a volatile session suggesting investors aren't ready to give up on the market's rally.

The Dow and S&P 500 closed down but well off the day's lows in a volatile session on Thursday, suggesting investors aren't ready to give up on the market's rally.

U.S. stocks fell for a third day on Thursday as U.S. crude oil prices hovered near $100 a barrel on violence in Libya.

As promised, the president of Algeria Abdelaziz Bouteflika has officially lifted a 19-year-old state of emergency, one of the principal demands issued anti-government forces.

U.S. consumers could see food costs spiking to levels seen during the food crisis of 2008 as higher commodity and energy prices force companies to raise prices on products lining grocery store shelves, the Agriculture Department said on Thursday.

The Dow and S&P slumped for a third straight day on Thursday as investors continued to fret about the economic impact of continued violence in Libya and oil prices, though gains in Priceline kept the Nasdaq in positive territory.

Former Alaska Governor and potential 2010 Republican Presidential candidate Sarah Palin has blasted the White House and Barack Obama for not showing more support for the Libyan people in their demonstrations against Moammar Gaddafi.

Moammar Gaddafi’s daughter, Aisha, has denied reports that she sought to escape the riot-torn country by fleeting to exile in Malta.

Commodity analysts at Nomura Holdings Inc. said. Brent crude prices could double to $220 per barrel in the coming weeks if Libya descends into an all-out civil war and further shuts down oil production in the country.

According to reports by The New York Times and a document obtained by WikiLeaks, several of the hottest pop stars such as Beyoncé, Usher, and Mariah Carey were paid extravagant amounts to perform for member of Moammar Gaddafi's family.

Turmoil in Libya has slashed its oil output by 75 percent or 1.2 million barrels per day, key Libyan oil sector player ENI said on Thursday.

Forces loyal to Muammar Gaddafi launched a counter-attack on Thursday, fighting fierce gun battles with rebels who have threatened the Libyan leader by seizing important towns close to the capital.

The Gold Price rose further in London trade Thursday morning, hitting new 2011 highs for Dollar investors as Brent crude oil jumped to $119 per barrel and a raft of economic analysis warned of stagflation ahead for the global economy.

Soaring oil prices will have little impact on Chinese consumer inflation, but will place considerable cost pressure on the country's manufacturers, a government adviser and ministry official said on Thursday.

The leader of Libya Moammar Gaddafi has appeared on state TV and alleged that al-Qaeda chief Osama Bin Laden and his followers are behind the protests and revolts in the country.

Oil prices continue to rise amidst fears that violent unrest in Libya will not only cut off supplies from that nation, but perhaps spread to other, larger oil producers, including Saudi Arabia.

Gold steadied near seven-week highs on Thursday, as investor fears over inflation stemming from the spike in crude oil were partially offset by pockets of profit-taking after the market's 6 percent rise this month.

Futures on major U.S. indices point to a lower opening on Thursday as oil prices continued surge due to continued turmoil and violence in Libya.

Barack Obama not naming Muammar Gaddafi in his comments on Libya has raised question if the dictator has muted the US President blocking Americans evacuation in Tripoli.

President Barack Obama termed the Gaddafi's crackdown on protestors in Libya as outrageous and unacceptable and is looking at the full range of options to respond to the crisis.

President Barack Obama termed the Gaddafi's crackdown on protestors in Libya as outrageous and unacceptable and is looking at the full range of options to respond to the crisis.