By PABLO GORONDIAssociated Press
The price of oil remained near $98 Thursday on a fall in U.S. crude stockpiles and optimism about growing demand in the world's largest consumer.
By early afternoon in Europe, benchmark U.S. crude for January delivery was up 5 cents to $97.85 a barrel in
BEIJING (AP) - Beijing has issued press credentials to financial news agency Bloomberg's China-based reporters after a tense delay seen as retaliation for the company's hard-hitting reports on the country's leaders.
The move marks a significant step toward obtaining residence visas that
By MATTHEW BROWN and JOSH FUNKAssociated Press
WOLF POINT, Mont. (AP) - It's tough to miss the trains hauling crude oil out of the Northern Plains. They are growing more frequent by the day, mile-long processions of black tank cars that rumble through wheat fields and towns, along rivers and
By PAN PYLASAP Business Writer
LONDON (AP) - Investors around the world were largely unfazed Thursday by the surprise decision by the U.S. Federal Reserve to reduce its monetary stimulus. Most breathed a sigh of relief that the decision was accompanied by a commitment to low interest rates for a
BEIJING (AP) - More Chinese state-owned companies might be spun off as private entities to help improve economic growth but Beijing will keep control of major industries, a Cabinet official said Thursday.
Regulators are working on plans to overhaul ownership following last month's Communist
By KAY JOHNSONAP Business Writer
MUMBAI, India (AP) - Christie's holds its first art auction in India on Thursday, aiming to tap into a budding market for prestige purchasing among the country's fast-growing ranks of millionaires despite an economic slowdown.
The inaugural sale of 83 lots
NEW YORK (AP) - The Secret Service says it is investigating a credit- and debit-card data theft at Target stores.
Secret Service spokesman Brian Leary confirms the agency is investigating, but declined to provide further details.
Minneapolis-based Target Corp. did not respond to requests for
By KATIE ZEZIMAAssociated Press
NEWARK, N.J. (AP) - The New York-based brokerage ConvergEx Group will pay $150 million to settle civil and criminal charges that it charged clients millions of dollars in unwarranted fees and hid the practice from investors, the Justice Department said Wednesday.
NEW YORK (AP) - Oracle's fiscal second-quarter net income edged down slightly, hurt by flat revenue from new software licenses and cloud software subscriptions, but still managed to beat Wall Street predictions.
The business software maker earned $2.55 billion, or 56 cents per share, compared
By LARRY NEUMEISTERAssociated Press
NEW YORK (AP) - A portfolio manager for one of the nation's largest hedge funds accused by the government of cheating to boost sagging results in 2007 was convicted on Wednesday of insider trading charges.
The verdict against Michael Steinberg in Manhattan