News Summary: US durable goods orders up 3.3 pct.
The Associated Press |
posted 19 minutes ago
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 24 minutes ago
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 33 minutes ago
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 36 minutes ago
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.
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.
Oil falls below $94 on weak outlook for demand
The Associated Press |
posted May 24th - 10:17am
The price of oil was knocked below $94 a barrel Friday by a combination of ample supplies and lukewarm demand.
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.
China gives US regulators access to audit records
Associated Press |
posted May 24th - 8:32am
China has agreed to give U.S. regulators access to audit records for Chinese companies whose shares trade on U.S. stock exchanges, a step forward in a long-running dispute.
US durable goods orders rise 3.3 percent in April
Martin Crutsinger, Associated Press |
posted May 24th - 7:25am
U.S. orders for long-lasting manufactured goods rebounded in April, buoyed by more demand for aircraft and stronger business investment. The gains suggest economic growth may be holding steady this spring.
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