By CHRIS KAHNAP Energy Writer
NEW YORK (AP) - The price of oil is falling as the latest batch of data deliver mixed views of the global economy.
Reports out of Europe on Thursday said borrowing costs rose in Spain and unemployment rose in Greece, stoking concerns about the region's financial
By CHRIS KAHNAP Energy Writer
NEW YORK (AP) - Fears of violence in the Persian Gulf escalated Thursday, pushing the price of oil higher.
The Obama administration slapped Iran with more sanctions aimed at stifling its nuclear program. Traders, who worry that the sanctions will eventually lead to a
By CURT ANDERSONAP Legal Affairs Writer
FORT LAUDERDALE, Fla. (AP) - A Florida teenager was in the midst of a severe mental illness episode triggered by a text message about his brother's suicide when he attacked and nearly killed a 15-year-old girl outside a middle school, a psychiatrist for
By MARCY GORDONAP Business Writer
WASHINGTON (AP) - Average U.S. rates on fixed mortgages fell again to record lows, giving would-be buyers more incentive to brave the housing market.
Mortgage buyer Freddie Mac says the average rate on the 30-year loan fell to 3.56 percent. That's down from 3
By PALLAVI GOGOIAP Business Writer
NEW YORK (AP) - It's been a scandal-filled few months for banks.
JPMorgan Chase revealed a $2 billion trading loss, triggering an investigation by the government and hearings in Congress. Then the large banks were implicated in a global dust-up over interest
By LINDA A. JOHNSONAP Business Writer
TRENTON, N.J. (AP) - Growth in global spending on medications will slow markedly over the next four years due to a slew of new low-cost generic drugs coming to pharmacies in the U.S. and other developed countries, along with slower increases in what those
By JOSH FUNKAP Business Writer
OMAHA, Neb. (AP) - Billionaire investor Warren Buffett said Thursday that U.S. economic growth has slowed in the last two months as fears about Europe's debt woes mounted.
Buffett's comments during an interview Thursday on the cable TV network CNBC contrast
By STEPHEN WILSONAP Sports Writer
LONDON (AP) - The IOC says Saudi Arabia will send two female athletes to the London Olympics, ending the ultraconservative Muslim country's record of fielding only all-male teams at the games.
The International Olympic Committee says the athletes will compete
By BY JEAN H. LEEAssociated Press
PYONGYANG, North Korea (AP) - Her eyes well up when Li Pun Hui recalls her role in a historic example of "ping pong diplomacy."
In 1991, the North Korean table tennis star paired with her archrival, South Korea's Hyun Jung-hwa, as part of the first "unified
By MARGIE MASONAP Medical Writer
HANOI, Vietnam (AP) - Tran Minh Giang has spent more than a third of his young life in a Vietnamese hospital, and it could be many months more before he can go home. All for a disease that in Asia is as common as chicken pox, and usually about as severe.