By The Associated Press
INCREASING URGENCY: China cut state-set gasoline and diesel prices for the second time in a month, a day after cutting interest rates for the first time in almost four years. Beijing also took a step to letting the market set rates paid on bank deposits,
By Digital Trends StaffProvided by
The next frontier could be within reach. A private Dutch company recently announced its plants to colonize Mars, turning the red planet into an alternative society for humans. It's a bold plan, and one that comes at the same time and more and more
FORT WORTH, Texas (AP) - RadioShack Corp. has reached a deal to expand in Asia.
Fort Worth-based RadioShack on Thursday announced a joint venture with a Chinese company to open consumer electronics stores in China, Taiwan, Hong Kong and Macau.
By JONATHAN FAHEYAP Energy Writer
NEW YORK (AP) - The price of oil fell slightly Friday on the prospect of weak economic growth with no immediate assistance from the U.S Federal Reserve.
Oil ended the week at $84.10 per barrel, within $1 of its close last week
By MARTIN CRUTSINGERAP Economics Writer
WASHINGTON (AP) - The U.S. trade deficit shrank in April, but only because a big drop in imports offset the first decline in U.S. exports in five months.
The Commerce Department said Friday that the trade deficit narrowed
NEW YORK (AP) - McDonald's Corp. says strength in the U.S. and Europe drove up a key revenue figure in May, but warned that economic volatility around the world and rising expenses are pressuring its second-quarter results.
The fast-food chain, based in Oak
By JOSHUA FREEDAP Business Writer
Stocks rose for the fourth day in a row on Friday, capping their best week so far this year.
It was a relief for investors after the big drops of the previous week.
Stocks fell in morning trading, with the Dow Jones industrial average down almost 63 points. But
By COLLEEN BARRYAP Business Writer
MILAN (AP) - Global stocks staged a minor recovery Friday after the U.S. government said businesses were restocking their shelves faster than analysts expected, coming on the heels of a surprise Chinese rate cut.
By MATTHEW PENNINGTONAssociated Press
WASHINGTON (AP) - The U.S. and Philippines said Friday they are expanding intelligence sharing and cooperation on maritime security, as President Barack Obama reiterated Washington's desire to be viewed as a Pacific power
By ADAM SCHRECKAP Business Writer
FUJAIRAH, United Arab Emirates (AP) - By night, the lights of dozens of ships anchored off this eastern Emirati port create the mirage of a far-off city at sea.
The crowded anchorage reflects Fujairah's rise as one of the