By JONATHAN FAHEYAP Energy Writer
NEW YORK (AP) - Oil prices fell Wednesday after the government reported slower retail sales and a drop in spending at the pump.
If Americans aren't shopping, they don't need to swing by the gas station for a fill-up
By NICHOLAS PAPHITISAssociated Press
ATHENS, Greece (AP) - Greek banking officials say that depositors unnerved by political instability and talk of a potential exit from the euro are continuing to pull out their savings from local lenders, but not at a pace that would
LONDON (AP) - Scottish oil and gas exploration company Cairn Energy says it is buying London-based Nautical Petroleum for roughly 414 million pounds ($644 million).
Cairn Energy PLC said in a statement Wednesday that the acquisition would expand the company's
By SARAH DiLORENZOAP Business Writer
BRUSSELS (AP) - The head of the European Union's executive body urged the region's leaders on Wednesday to show the world that they were ready to move closer together to resolve their debt crisis.
Jose Manuel Barroso
By PABLO GORONDIAssociated Press
The price of oil slipped closer to $83 a barrel Wednesday amid speculation OPEC will leave its production quotas unchanged at this week's meeting to avoid hurting an already fragile global economy.
By early afternoon in
PARIS (AP) - France's finance minister has unveiled a plan to cap the pay of top executives at state-owned companies at €450,000 ($562,140).
The pay cap was part of President Francois Hollande's campaign pledge to reign in corporate excesses, which he
By MARTIN CRUTSINGERAP Economics Writer
WASHINGTON (AP) - Cheaper gas has yet to cause consumers to spend enough on other goods to boost the slumping economy.
Americans barely increased their spending at retail businesses this spring, leading economists to
By CHRISTINA REXRODEAP Business Writer
NEW YORK (AP) - U.S stocks skidded Wednesday, a looming election in Greece and the broader debt maelstrom in Europe their ominous backdrop.
Major market indexes wavered for much of the day but fell sharply after the
WASHINGTON (AP) - US retail sales fell 0.2 percent in May, but weakness came from drop in gas prices.
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By CHRISTOPHER S. RUGABERAP Economics Writer
WASHINGTON (AP) - A steep drop in gasoline costs drove down a measure of U.S. wholesale prices in May by the most since July 2009. But outside the food and energy categories, prices increased moderately.