CNBC.com's News Now: On a Mission for Oil

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Wednesday, Jul. 02, 2008

1. Too Early to Call a U.S. Recovery 2. Mortgage Spin-Off 3. On a Mission for Oil 4. Maria's Market Message 5. Stop Trading, Listen to Cramer!

Portfolio Watchlist Insider Trends Financial Glossary Stock Screeners Fund Screeners Earnings Screeners  Rush Limbaugh: Is He Worth "Record" Breaking Contract? Rush Limbaugh has proven to be a reliable audience draw for radio giant Clear Channel, which will renew his contract through 2016 for more than $400 million dollars. But Julia asks the question, is Limbaugh worth the "rush" to the big bucks? Click here to read more.

JOBS REPORT: The Labor Department releases the monthly jobs report. Hampton Pearson reports the breaking news from the Labor Department and Steve Liesman and Rick Santelli provides analysis. GM IN REVERSE: GM's positive auto sales numbers have already been overtaken by bad news including heightened concerns about the company's dwindling cash reserves. What can GM do to turn the tide or at least limit the damage? Phil LeBeau explains. ABBOTT IN THE STENT GAME: Abbott Laboratories got a big boost Wednesday afternoon when it received FDA approval for its new drug-coated stent, which is expected to be the top seller in the multi-billion market. Mike Huckman looks at the company's new game changer. ALGAE AT 40,000 FEET: It's the new race between Boeing and Airbus. Each has teamed up with others to come up with the next generation biofuel for airplanes... and they don't want to use food as fuel. Boeing has teamed with Continental and Virgin, and in Airbus' corner are Honeywell and JetBlue. The best new hope: algae. Jane Wells reports.

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