By By SANDY SHOREAP Business Writer
The price of oil fell Wednesday as traders looked for signs of progress in negotiations over U.S. budget issues.
Benchmark oil dropped 69 cents to finish at $86.49 per barrel in New York. Earlier, the price was down nearly 2 percent. But much of the loss was
By By STEVE ROTHWELLAP Business Writer
NEW YORK (AP) - Stocks gained on signs that lawmakers are edging toward a deal that would help the U.S. avoid the "fiscal cliff."
Indexes shrugged off an early loss and rose in afternoon trading Wednesday. The Dow Jones industrial average closed up 106.98
By By MICHAEL LIEDTKEAP Technology Writer
SAN FRANCISCO (AP) - Microsoft is trying to skewer Google as a lousy holiday shopping guide in its latest attempt to divert more traffic to its Bing search engine.
The attack started Wednesday with a marketing campaign focused on a recent change in the
By By JOSH LEDERMANAssociated Press
WASHINGTON (AP) - The Obama administration put a temporary stop to new federal contracts with British oil company BP on Wednesday, citing the company's "lack of business integrity" and criminal proceedings stemming from the Deepwater Horizon disaster in
By By JOSH FUNKAP Business Writer
OMAHA, Neb. (AP) - Billionaire Warren Buffett said Wednesday he's confident that Congress will eventually pass a plan to address the so-called fiscal cliff, even if it doesn't happen until early next year.
But the Berkshire Hathaway chairman and CEO
By KELVIN CHANAP Business Writer
HONG KONG (AP) - Two big Chinese state-owned film studios are planning to sell shares on the Shanghai stock exchange in a sign of Beijing's desire to build a film industry that can compete with Hollywood.
China Film Co. and Shanghai Film Group Co. are on a
By By YOUKYUNG LEEAP Technology Writer
SEOUL, South Korea (AP) - Park Jung-in, an 11-year-old South Korean, sleeps with her Android smartphone instead of a teddy bear. When the screen beams with a morning alarm, she wakes up, picks up her glasses and scrolls through tens of unread messages from
By By BEN WALKERAP Baseball Writer
NEW YORK (AP) - The most polarizing Hall of Fame debate since Pete Rose will now be decided by the baseball shrine's voters: Do Barry Bonds, Roger Clemens and Sammy Sosa belong in Cooperstown despite drug allegations that tainted their huge numbers?
By By DONNA CASSATAAssociated Press
WASHINGTON (AP) - A moderate Republican senator, vital to any White House hopes of getting U.N. Ambassador Susan Rice confirmed as secretary of state, said Wednesday she couldn't back any nomination until more questions are answered about the deadly Sept
By TOM KRISHERAP Auto Writer
DETROIT (AP) - The Fiat 500 is getting bigger and going electric.
Two new versions of the Italian-styled mini-car are appearing at the Los Angeles Auto Show this week: The "500e" is the brand's first all-electric model in the U.S. while the "500L" comes with