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- Tough first half ends quietly
NEW YORK – Wall Street ended a grueling first half quietly yesterday, closing mixed as investors again based their trades on what has become the dominant force in the market: the price of oil. The major indexes closed out the first six months of 2008 with double-digit declines and are perilously close to the levels of a bear market.
- Overland purchases Snap Server
Overland Storage, a San Diego maker of data storage devices, has purchased the Snap Server storage appliance business from Adaptec for $3.6 million.
- Treasury auction yields mixed returns
The Treasury Department auctioned $23 billion in three-month bills at a discount rate of 1.900 percent, up from 1.855 percent last week. An additional $22 billion in six-month bills was auctioned at a discount rate of 2.135 percent, down from 2.255 percent last week.
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