Oil ends week down 2 pct on tepid demand outlook
The Associated Press |
posted 5 minutes ago
The price of oil fell 2 percent this week, as oil traders worried about global demand and shared the stock market's concerns about possible changes to the Federal Reserve economic stimulus program.
Government, creditors object in CODA bankruptcy
Randall Chase, Associated Press |
posted 11 minutes ago
Attorneys for the federal government and unsecured creditors have filed objections to electric car maker CODA Holdings' bankruptcy plans.
Comeback for JC Penney? Wyoming town watches carefully
One of the best-known companies in American retailing is fighting for survival. No place is watching the drama with more concern than the town of Kemmerer, Wyo.
Recalls this week: Children's beds, shades
The Associated Press |
posted 48 minutes ago
A line of children's beds with defective mattress support rails and motorized shades with overheating batteries are among this week's recalled consumer products.
News Summary: US durable goods orders up 3.3 pct.
The Associated Press |
posted May 24th - 12:53pm
ORDERS UP: U.S. orders for manufactured goods expected to last at least three years rose 3.3 percent in April. The gain was driven by a surge in demand for aircraft and more spending by businesses.
Delta ups the ante in battle for NY travel market
Scott Mayerowitz, Associated Press |
posted May 24th - 12:48pm
Delta Air Lines opened a $1.4 billion terminal at Kennedy Airport Friday, strengthening its hand in the battle for the lucrative New York travel market.
Schumer urges look at security in Sprint deal
Peter Svensson, Associated Press |
posted May 24th - 12:39pm
Sen. Charles Schumer is urging regulators to "use extreme caution" when reviewing the proposed acquisition of No. 3 cell carrier Sprint Nextel by Japan's Softbank. The Japanese company uses Chinese networking equipment, which Schumer says could open up U.S. networks to snooping and hacking.
Summer travel forecast: Better, but no blowout
Scott Mayerowitz and Jonathan Fahey, Associated Press |
posted May 24th - 12:36pm
This summer, high rollers are flying to lavish hot spots for their vacations. The rest of us are driving to less luxurious places like nearby campgrounds.
At a glance: Memorial Day gasoline prices
The Associated Press |
posted May 24th - 9:42am
The average price of a gallon of gasoline is about the same as it was last year at this time, and could be slightly cheaper by Monday. But it's more than double what it was in 2000. Here's how the price of gasoline on Memorial Day has changed since then, according to GasBuddy.com.
Slovenia adopts debt cap to stave off crisis
Ali Zerdin, Associated Press |
posted May 24th - 8:36am
Slovenia's parliament on Friday adopted a cap on public spending to try to convince foreign investors that the small eurozone country will not need an international bailout.
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