Recovery

Bank of England says UK economy set to shrink

By ROBERT BARRAssociated Press LONDON (AP) - Britain's weak economy may shrink in the last three months of the year and growth will remain sluggish into 2013, the governor of the Bank of England warned Wednesday. The U.K. central bank's warning came after the country's gross

Reports say Japanese elections likely Dec. 16

By ELAINE KURTENBACHAssociated Press TOKYO (AP) - Japanese parliamentary elections have been tentatively set for Dec. 16, media reports said Thursday after Prime Minister Yoshihiko Noda pledged to dissolve the parliament by Friday if the opposition agreed to key reforms. Noda's pledge, made

Oil up slightly as US leaders face fiscal cliff

By PABLO GORONDIAssociated Press The price of oil rose marginally Wednesday as President Barack Obama pushed ahead with talks to try to resolve the impending "fiscal cliff" that could derail the fragile recovery in the world's No. 1 economy. By early afternoon in Europe, benchmark oil for

At a glance: Recovery from Superstorm Sandy

By The Associated Press The latest on Superstorm Sandy recovery efforts in New Jersey and New York: POWER - The main utility on New York's Long Island, the Long Island Power Authority, says that more than 14,000 homes and businesses still lack power but that most should have it back on by