| Oil-Price Spike, Fed Rate Warnings Push Stocks Lower for the Week
NEW YORK, Feb. 9 -- Investors retreated Friday after a spike in oil prices and warnings from two Federal Reserve officials that interest rates could rise if inflation does not ebb. Wall Street ended the week lower after moving in a narrow range. .
Globe West listings
These activities are scheduled for the area this week. Future events are included as space allows: THEATER Bellingham: Steps Off Broadway presents "Beauty and the Beast" through Feb. 11 at the John J. Lorusso Memorial Theater, 799 South Main St. Performances Friday and Saturday, 7:30 p.m.; Sunday, 2 p.m. $15 in advance, $20 at the door. 508-876-9797. Newton: Theatre Ink presents "Chalk: The Musical" through Feb. 10, 7:30 p.m., at Newton North High School, 360 Lowell Ave. $5. 617-559-6406, theatreink.net. Newton: Newton South Stage presents "Urinetown, the Musical" through Feb. 10, 7:30 p.m., at Newton South High School. $8-$12. 617-559-6594, southstage.org. Upton: Enter Stage Left Theater Workshop presents "ESL Live!" Feb. 10, 8 p.m., at the Nipmuc Rod and Gun Club, 88 Fiske Mill Road.
Red Sox owner Henry buys into Roush race team
DAYTONA BEACH, Fla. - A group of investors led by Boston Red Sox owner John Henry has completed a deal to buy a 50 percent stake in the Roush Racing NASCAR team, a person familiar with the negotiations said Friday. Although team owner Jack Roush is selling half of the team to the Fenway Sports Group, Roush will continue to run the team's competitive operations, according to the person, who requested anonymity because the deal hasn't been announced. .
Kodak restructures for digital age
As part of a four-year turnaround plan, Eastman Kodak expects to cut 5,000 to 7,000 jobs by the end of 2007 in an effort to reduce its administrative overhead and boost profits from digital photography instead of standard film, the company told investors on Thursday. Kodak leaders had already cut 1,200 jobs during the fourth quarter of 2006, bringing the total jobs lost to 23,400 since the company first announced its restructuring plan in January 2004. By the end of this year, that total could reach 30,000, nearly half of the company's size in 2003. .
Samsung intros slimline L77 compact camera
Samsung's gone into full bragging mode with its newly announced L77 digital camera, claiming the sure-to-be-shortly-held title of "world's thinnest" camera that has both a 7 megapixel sensor and a 7x optical zoom. It appears that a thickness of 0.8 inches was enough to snag that honor, with the camera's other dimensions equally pocketable, measuring 3.7 inches in length and 2.2 inches in height. Apart from its size, the camera appears to be decent but fairly unremarkable, with a 2.5-inch LCD, 30 fps VGA video recording, ISO settings up to 1600, and Samsung's trademark "Advanced Shake Reduction" system, along with the usual array of pre-set camera modes. While there doesn't appear to be any word on price just yet, the camera will apparently be available sometime this April. .
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