April 07, 2011 13:08 ET

Thursday's Newsmakers: #Crude Oil, Gap Inc., Dish Network, Blockbuster, #Japan Quake, #GlennBeck

LAS VEGAS, NEVADA--(Marketwire - April 7, 2011) - Thursday's Newsmakers: Crude Oil, Gap Inc., Dish Network, Blockbuster, New Japan Quake.


Crude Oil

WTI Crude trading around and above $109 per barrel is fueling worries that the rising energy prices could possibly stall the recovering economy. We are now at a 30-month high for crude oil. Oil prices initially down after the quake in Japan recovered quickly and now trading higher.

Gap Inc. (GPS)

The retailer reported a 10% drop in sales in March, blaming the poor performance on the tragic events in Japan despite the fact that the slumping sales occurred in the US.

New Japan Quake

A magnitude 7.1 earthquake has struck off the northeast coast of Japan today rattling nerves and shaking buildings in Tokyo for about a minute. Financial markets initially dipped but recovered quickly. It is unclear at this time what effect this quake has had on the infrastructure of the crippled Fukushima nuclear power plant. The quake occurred in the early morning hours and information about the situation at the plant is scant. Japanese market also rocked by the quake with major issues now trading down.

Glenn Beck

Glenn Beck the controversial host announced yesterday that he is leaving the Fox News Channel. While the exact timing of the departure is unclear it seems that it will happen sometime before the end of the year. As with the other programs on Fox, the show is popular and regularly beats its time slot competitors on CNN and MSNBC. However due to its controversial nature it has been the subject of a boycott which has caused advertisers to shy away from it.

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