By CHRIS KAHNAP Energy Writer
NEW YORK (AP) - Oil prices climbed for a fourth day on hopes that the Federal Reserve will take additional steps to prop up the economy.
Benchmark U.S. crude on Monday rose $1.33 to end at $88.43 per barrel in New York, while Brent crude rose by $1.95 to finish at $
By MARTIN CRUTSINGERAP Economics Writer
WASHINGTON (AP) - U.S. companies added to their stockpiles in May. But their sales fell for a second straight month, adding to worries that the economy has slowed.
Business stockpiles grew 0.3 percent in May from April, matching April's increase, the
By BERNARD CONDONAP Business Writer
NEW YORK (AP) - Stocks closed lower for the seventh day out of the last eight on Monday after the government reported that U.S. consumers cut their spending last month.
The news pushed stocks down from the start of the trading day. Though they recovered a bit
By ANNE D'INNOCENZIO and MARTIN CRUTSINGERAP Business Writers
WASHINGTON (AP) - The outlook for the U.S. economy appeared dimmer Monday after a report that Americans spent less at retail businesses for a third straight month in June.
The report led some economists to downgrade their estimates
By PALLAVI GOGOIAP Business Writer
NEW YORK (AP) - Citigroup's net income fell 12 percent in the second quarter partly due to a loss on the sale of its stake in a Turkish lender. The income of $2.9 billion was still better than analysts were expecting.
Citi is one of the largest international
BEIJING (AP) - Asian markets rose Tuesday amid optimism China might take new steps to stimulate its slowing economy.
Japan's Nikkei 225 gained 0.5 percent to 8,768.46, while China's benchmark Shanghai Composite Index rose 0.3 to 2,154.44. South Korea's Kospi added 0.8 percent to 1,831.
BOISE, Idaho – For the second time in
less than a month, someone who played Powerball in Idaho is holding a winning ticket
worth $1,000,000. One winning ticket for
last night´s $90 million Powerball draw was sold at an Idaho Lottery retail
location in Bonner County, in northern Idaho.
By CHRISTOPHER BODEENAssociated Press
BEIJING (AP) - China's economic woes that have brought growth to a three-year low will continue for some time, but the slower expansion remains within expectations, Premier Wen Jiabao says.
Wen said Chinese need to recognize the seriousness and complexity
By ANNE D'INNOCENZIO and PALLAVI GOGOIAP Business Writers
NEW YORK (AP) - Visa, MasterCard and major banks agreed to pay retailers at least $6 billion to settle a long-running lawsuit that alleged the card issuers conspired to fix the fees that stores pay to accept credit cards. As part of
By ANNE D'INNOCENZIOAP Retail Writer
NEW YORK (AP) - J.C. Penney's woes keep piling on. In the latest string of troubles, Macy's won a preliminary injunction against Martha Stewart Living that would prevent it from selling some of its products at the chain.
The decision from New York