By By SANDY SHOREAP Business Writer
The price of copper rose Monday on the latest sign that China's manufacturing industry is getting healthier, even as the U.S. sector slows down.
Copper for March delivery rose 0.85 cent to finish at $3.6585 per ounce. That's the highest price since
NEW YORK (AP) - Hopes that Greece will be able to cut its debt pushed the euro to a six-week high against the dollar Monday.
Traders also bought the euro on strong manufacturing data from China.
Riskier currencies, such as the euro, tend to rise when traders think the economy is getting better.
By By MARCY GORDONAP Business Writer
WASHINGTON (AP) - Federal regulators have charged the Chinese affiliates of five of the biggest U.S. accounting firms with impeding the government's investigation of Chinese companies by refusing to turn over documents.
The Securities and Exchange
By By CHRIS BRUMMITTAssociated Press
HANOI, Vietnam (AP) - Vietnam's state-owned oil and gas company accused Chinese fishing boats on Monday of sabotaging one of its seismic survey ships in the South China Sea, adding to already high tensions over Beijing's disputed territorial claims
NEW YORK (AP) - Dell's stock climbed more than 5 percent on Monday as a Goldman Sachs analyst raised his rating and price target on the company. The analyst said that there may be too much skepticism over the personal computing segment.
THE SPARK: Bill Shope lifted Dell Inc.'s rating to "
By The Associated Press
Spain's finance Minister says a tax amnesty aimed at raising money for the recession-hit country only raised about half of what is was supposed to.
Cristobal Montoro said Monday the amnesty had bought in just €1.2 billion - short of the government's €2.5 billion
By By MATTHEW PERRONEAP Health Writer
WASHINGTON (AP) - The Food and Drug Administration said Monday it will collaborate with medical device manufacturers on a public-private partnership designed to speed up the development of new medical technology.
The agency said it hopes to offer guidance
NEW YORK (AP) - The price of oil rose slightly Monday as a strong manufacturing report from China countered a weak one here at home.
An index measuring manufacturing in China showed expansion in November for the first time in 13 months. China is the world's second-largest economy after the U.S
By By STEVE ROTHWELLAP Business Writer
NEW YORK (AP) - Stocks edged lower on Wall Street Monday after a surprisingly weak manufacturing report heightened concern that fiscal deadlock in Washington is already hurting the economy.
The Dow Jones industrial average fell 59.98 points to close at 12,
By By CHRISTOPHER S. RUGABERAP Economics Writer
WASHINGTON (AP) - U.S. manufacturing shrank in November to its weakest level since July 2009, one month after the Great Recession ended. Worries about automatic tax increases in the New Year cut demand for factory orders and manufacturing jobs.