By The Associated Press
The price of oil slipped to under $98 Thursday after the U.S. Federal Reserve decided to start to reduce its monetary stimulus.
Benchmark U.S. crude for January delivery shed 8 cents to $97.98 a barrel in electronic trading on the New York Mercantile Exchange. The contract
BEIJING (AP) - Financial news agency Bloomberg says Beijing has issued the company's China-based reporters their press credentials.
The Chinese government's earlier delay in doing so had been seen as official retaliation for the agency's investigative reports on China and prompted
By MATTHEW BROWN and JOSH FUNKAssociated Press
WOLF POINT, Mont. (AP) - It's tough to miss the increasing numbers of trains hauling crude out of the Northern Plains. Destined for refineries across the U.S. and Canada, they rumble through wheat fields and towns, along rivers and national parks.
By JOE McDONALDAP Business Writer
BEIJING (AP) - Asian markets were mixed Thursday after investors took the U.S. Federal Reserve's decision to trim its stimulus as a vote of confidence the American economy is strengthening.
Oil edged down to just under $98 per barrel.
BEIJING (AP) - More Chinese state-owned companies might be spun off as private entities to help improve economic growth but Beijing will keep control of major industries, a Cabinet official said Thursday.
Regulators are working on plans to overhaul ownership following last month's Communist
By KAY JOHNSONAP Business Writer
MUMBAI, India (AP) - Christie's holds its first art auction in India on Thursday, aiming to tap into a budding market for prestige purchasing among the country's fast-growing ranks of millionaires despite an economic slowdown.
The inaugural sale of 83 lots
NEW YORK (AP) - The Secret Service says it is investigating a credit- and debit-card data theft at Target stores.
Secret Service spokesman Brian Leary confirms the agency is investigating, but declined to provide further details.
Minneapolis-based Target Corp. did not respond to requests for
By KATIE ZEZIMAAssociated Press
NEWARK, N.J. (AP) - The New York-based brokerage ConvergEx Group will pay $150 million to settle civil and criminal charges that it charged clients millions of dollars in unwarranted fees and hid the practice from investors, the Justice Department said Wednesday.
NEW YORK (AP) - Oracle's fiscal second-quarter net income edged down slightly, hurt by flat revenue from new software licenses and cloud software subscriptions, but still managed to beat Wall Street predictions.
The business software maker earned $2.55 billion, or 56 cents per share, compared
By LARRY NEUMEISTERAssociated Press
NEW YORK (AP) - A portfolio manager for one of the nation's largest hedge funds accused by the government of cheating to boost sagging results in 2007 was convicted on Wednesday of insider trading charges.
The verdict against Michael Steinberg in Manhattan
His stat line isn't overwhelming, but the imposing presence of 7-foot-6 Mamadou Ndiaye and his team's defense certainly is.
For the second time this season, UC Irvine held Eastern Washington University to 33 percent shooting or less and went on to hand EWU its first home loss in four tries
By DENISE LAVOIEAssociated Press
BOSTON (AP) - A Harvard student accused of making a bomb threat to get out of a final exam was under a great deal of pressure and seems remorseful, his lawyer said Wednesday after his client was freed on bail.
Eldo Kim, 20, was released on $100,000 bond into the
Daniel Lazcano and his brother Frank were arrested for the murder of Marcus Schur two years ago in Whitman County. Frank Lazcano has already been convicted in the case, and on Wednesday afternoon, after two previous mistrials, Daniel was found guilty by a jury in Spokane County.