By SANDY SHOREAP Business Writer
The price of oil is rising as operations at refineries and supply terminals in the Northeast remain restricted three days after Superstorm Sandy.
Benchmark oil gained 85 cents Thursday to finish at $87.09 per barrel in New York.
Power outages are hampering
By DALTON BENNETT and FANIS KARABATSAKISAssociated Press
ATHENS, Greece (AP) - A magazine publisher was acquitted on Thursday of breaching privacy laws by printing a list allegedly naming Greeks with bank accounts in Switzerland. The list has touched off a fierce debate in the nearly bankrupt
By MATTHEW CRAFTAP Business Writer
Widespread power outages and subway shutdowns may wind up making Superstorm Sandy the second most expensive storm in U.S. history, according to the forecasting firm Eqecat. That would rank it right behind Hurricane Katrina.
Eqecat said Thursday that the damage
LONDON (AP) - James Murdoch has been re-elected to the board of British Sky Broadcasting with little opposition.
However, his 95 percent share of the vote at the company's annual meeting on Thursday was the lowest of the 13 directors who were reappointed.
James Murdoch stepped down as chairman
NEW YORK (AP) - The nation's crude oil supplies shrank last week, the government said Wednesday.
Crude supplies dropped by 2 million barrels, or 0.5 percent, to 373.1 million barrels, which is 9.9 percent above year-ago levels, the Energy Department's Energy Information Administration said
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 65 billion cubic feet to 3.908 trillion cubic feet for the week ended Oct. 26.
By ANNE D'INNOCENZIOAP Retail Writer
NEW YORK (AP) - Americans spent briskly in October before Superstorm Sandy hit the Northeast on the tail-end of the month. But the question is whether they're still willing to buy an iPhone for Christmas if they plunked down hundreds on a generator
By MARCY GORDONAP Business Writer
WASHINGTON (AP) - The average U.S. rate on a 30-year fixed mortgage slipped this week and stayed near its record low, a trend that's helped boost home sales and refinancing.
Mortgage buyer Freddie Mac said Thursday that the rate on the 30-year loan declined
By CHRISTOPHER S. RUGABERAP Economics Writer
WASHINGTON (AP) - U.S. manufacturing expanded for the second straight month in October, boosted by growth in new orders and production.
The Institute for Supply Management said Thursday that its index of factory activity rose last month to 51.7, up
By MARTIN CRUTSINGERAP Economics Writer
WASHINGTON (AP) - U.S. builders spent more on home construction in September, a gain that helped offset weakness in nonresidential building and government projects.
Construction spending grew 0.6 percent compared to August when spending had fallen 0.1