By The Associated Press
RATES RISE: Average rates on U.S. fixed mortgages rose this week, the first increase in seven weeks, according to a survey by mortgage buyer Freddie Mac.
THE NUMBERS: The average rate on the 30-year mortgage increased to 3.71 percent.
By The Associated Press
High gas prices, fuel economy requirements and vast improvements in technology are combining to shrink the engines in American cars and trucks. More than half of new vehicles sold in the U.S.
NEW YORK (AP) - The nation's natural gas supplies rose last week, the government said Thursday.
The Energy Department's Energy Information Administration reported that natural gas in storage grew by 67 billion cubic feet to 2.944 trillion cubic feet for
By PABLO GORONDIAssociated Press
The price of oil edged up to above $84 a barrel Friday on hopes that central banks stand ready to support global financial markets in case of turmoil following Greece's elections.
By early afternoon in Europe, benchmark oil
LONDON (AP) - Shares in British Sky Broadcasting and telecommunications company BT PLC have fallen sharply after the two companies paid a higher-than-expected price for rights to carry Premier League football matches.
BSkyB paid 2.28 billion pounds ($3.54 billion
By MARCY GORDONAP Business Writer
WASHINGTON (AP) - Average rates on fixed mortgages rose this week, the first increase in seven weeks. But mortgage rates remain near historic lows, boosting prospects for home sales this year.
Mortgage buyer Freddie Mac said
By MICHAEL FELBERBAUMAP Business Writer
RICHMOND, Va. (AP) - Smithfield Foods Inc. said Thursday that its fourth-quarter profit fell 19 percent on lower margins on fresh pork and higher selling costs.
The results missed Wall Street expectations, and Smithfield
By CHRISTOPHER S. RUGABERAP Economics Writer
WASHINGTON (AP) - The U.S. job market is flagging, and consumer prices are barely rising. The picture sketched by data released Thursday has made some economists predict the Federal Reserve will announce some new step next week to
By CANDICE CHOIAP Food Industry Writer
NEW YORK (AP) - The Kroger Co. is forecasting a rosier year after its customer-loyalty programs helped boost net income in the first quarter.
The nation's largest traditional grocery store chain said Thursday that its
By MARTIN CRUTSINGERAP Economics Writer
WASHINGTON (AP) - The U.S. current account trade deficit grew this winter to its widest imbalance in three years. A big increase in imports of oil, cars and machinery and a drop in U.S. earnings on overseas investments drove the increase