By The Associated Press
Oil prices eased Friday after gaining 1 percent a day earlier on smaller stockpiles and signs of stronger U.S. demand.
Benchmark U.S. crude for February delivery shed 29 cents to $98.75 per barrel in electronic trading on the New York Mercantile Exchange.
Brent crude for
HONG KONG (AP) - Australia's Telstra says it's selling its Hong Kong mobile phone business to Hong Kong billionaire Richard Li's telecom company in a deal worth $2.4 billion.
Telstra said Friday it would earn about 2 billion Australian dollars from selling its 76.4 percent stake in CSL
By MARCY GORDONAP Business Writer
WASHINGTON (AP) - Verizon Communications Inc. says it will publish information on the number of requests for customer records it received from law enforcement agencies this year.
The announcement Thursday from the country's largest cellphone carrier comes as
By MARC LEVY and MARK SCOLFOROAssociated Press
HARRISBURG, Pa. (AP) - The highest court in Pennsylvania, heart of the country's natural gas drilling boom, on Thursday struck down significant portions of a law that limited the power of local governments to determine where the industry can
By MARTIN CRUTSINGERAP Economics Writer
WASHINGTON (AP) - Treasury Secretary Jacob Lew is telling Congress that he will have only a few weeks after Feb. 7 to avoid an unprecedented default on the nation's debt. He says Congress should act quickly next year to raise the borrowing limit.
NICOSIA, Cyprus (AP) - Cyprus' parliament has approved the 2014 state budget, the country's first after agreeing to a painful rescue deal earlier this year that saved it from bankruptcy.
The budget incorporates deep spending cuts to meet strict fiscal targets set by Cyprus' euro area
BEAVERTON, Ore. (AP) - Nike's fiscal second-quarter net income jumped 40 percent, helped by higher average selling prices and an increase in revenue around the world.
Profit topped analysts' expectations, though revenue came in slightly short. Shares rose 39 cents in aftermarket trading,
NEW YORK (AP) - Stocks are mostly lower on Wall Street a day after hitting their latest record high.
Long-term interest rates and the dollar rose after the Federal Reserve said it would reduce its bond purchases.
The Standard & Poor's 500 fell a point, or 0.06 percent, to 1,809 Thursday.
By MARY CLARE JALONICKAssociated Press
WASHINGTON (AP) - The Food and Drug Administration says it will revise sweeping new food safety rules proposed earlier this year after farmers complained the rules could hurt business.
Michael Taylor, FDA's commissioner for foods, said the agency wants to
By Mike FlacyProvided by 12-19-13 UPDATE: Target has confirmed the attack, up to 40 million accounts could be at risk. Detailed by the New York Times Bits blog, retail giant Target and federal authorities are currently looking into a security breach that potentially put millions of customer's
By COREY WILLIAMSAssociated Press
DETROIT (AP) - Detroit Mayor-elect Mike Duggan said Thursday that he and emergency manager Kevyn Orr will share some of the duties of running the cash-strapped city but the bulk of the financial responsibilities will remain under Orr's control.
By the Spokane Shock
SPOKANE, WA (December 16, 2013) – The Spokane Shock have been assigned quarterback Erik Meyer to the 2014 roster.
Erik Meyer (6-2, 210, Eastern Washington) rejoins the Shock for the 2014 AFL season. During his 2013 campaign for the Shock, Meyer rewrote the Spokane record
By BRADLEY KLAPPERAssociated Press
WASHINGTON (AP) - More than a quarter of the Senate introduced legislation Thursday that could raise sanctions on Iran and compel the United States to support Israel if it launches a pre-emptive attack on the Iranian nuclear program, defying President Barack Obama