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.
DEARBORN, Mich. (AP) - Ford says U.S. sales rose 6.5 percent in November thanks to strong demand for its F-Series pickups and the company's new C-Max hybrid.
Ford's results are mirroring the rest of the industry. The sales pace has quickened thanks to rising consumer confidence and
DETROIT (AP) - General Motors says its November U.S. sales rose just 3 percent from a year earlier.
The nation's largest automaker says it sold more than 186,000 cars and trucks, led by the Buick and Cadillac brands.
Cadillac sales rose 30 percent from a year earlier, while Buick sales were up
By By MARTIN CRUTSINGERAP Economics Writer
WASHINGTON (AP) - U.S. builders increased their spending on construction projects in October by the largest amount in five months, led by a surge in housing.
The Commerce Department said Monday that construction spending rose 1.4 percent in October. It
By By BASSEM MROUEAssociated Press
BEIRUT (AP) - Cyprus has offered to mediate between Lebanon and Israel over a maritime border dispute that is delaying some oil and gas exploration in the Mediterranean, a Cypriot official said Monday.
Both Lebanon and Israel claim a small maritime area of 850
BERLIN (AP) - European aerospace and defense company EADS NV says its key shareholders are discussing potential changes to its structure and management.
EADS, parent company of aircraft maker Airbus, is jointly French- and German-owned.
The French government owns 15 percent and French media company
NEW YORK (AP) - News Corp. said Monday that its new publishing company will keep the News Corp. name, while its separate media and entertainment company will be renamed Fox Group.
The conglomerate announced plans this summer to split into two public companies, one for its newspaper and book
BERLIN (AP) - Germany will achieve a balanced budget across all layers of government this year thanks to a resilient economy, low unemployment, higher tax revenues and low borrowing costs, the Finance Ministry said Monday.
New borrowing is forecast to fall from just under 1 percent of economic