Economy

  • There's room at inn for Olympics _ but it'll cost
    C0bef5250f334678aa1b9f2517ac437b-6e284fa0750a4b1eb1537e5fdcc3c3c0-0 2012-05-08 10:11:57 UTC
    LONDON (AP) — It's months before athletes hit the Olympic track, but time is running out for those in another fierce competition: The scramble for a place to stay in London. Some innkeepers will be charging Ritz rates for Fawlty Towers rooms — ...
  • Beyonce Knowles: I want more kids
    Bildschirmfoto_2012-05-08_um_12.00.54 2012-05-08 10:00:19 UTC
    Beyoncé Knowles "definitely" wants more children after giving birth to her first daughter. The singer and her husband Jay-Z welcomed Blue Ivy into the world in January. She is already thinking of expanding her brood. "I definitely want to...
  • Asia stocks rise as Europe shockwaves fade
    Asian-stocks-japan-may-8-2012 2012-05-08 09:54:43 UTC
    BANGKOK (AP) — Asian stock markets staged a modest recovery Tuesday as the initial shockwaves from election results in Europe faded. Trading is expected to remain volatile as Greece struggles to form a government after voters punished pro-austerit...
  • IFC, MasterCard Foundation partner in Africa
    Reeta-roy-head-shot-red-jacket-jpeg3 2012-05-07 18:32:14 UTC
    JOHANNESBURG (AP) — The World Bank partner devoted to developing the private sector and The MasterCard Foundation will spend millions of dollars so more impoverished Africans can get loans and other financial services, officials said Monday. At...
  • Oil price drops to lowest point of 2012
    Oil-prices-falling-758090 2012-05-07 17:51:03 UTC
    NEW YORK (AP) — The price of oil dropped Monday to its lowest level of the year after elections in Europe created uncertainty over the region's plan for recovery. In afternoon trading, benchmark U.S. crude lost $1.10 to $97.39 per barrel in New...
  • US stocks under pressure after European elections
    Us_market 2012-05-07 15:49:25 UTC
    NEW YORK (AP) — U.S. stocks are under pressure after angry voters in Greece and France rejected painful budget cuts demanded by international lenders. Investors are uncertain over how the results will affect Europe's plans to rein in spending a...
  • Presidential rivals fight over France's economy
    France-economy_0 2012-05-04 18:27:46 UTC
    PARIS (AP) — When he came to power in 2007, President Nicolas Sarkozy seemed just the man to shake up France's sclerotic economy with his promises of a break from the past. However, any optimism surrounding his victory five years ago has been repl...
  • April retail sales worst since 2009
    Article-2097704-0f3cc74d00000578-522_468x286 2012-05-03 18:22:23 UTC
    NEW YORK (AP) — Americans' spending — much like the economy — continues to yo-yo. Major retailers such as Costco and Macy's reported on Thursday that April revenue rose less that 1 percent in the worst performance since 2009 when the U.S. econo...
  • US factory orders fell in March by most in 3 years
    Factory-aircraft-435cs050212 2012-05-02 19:54:58 UTC
    WASHINGTON (AP) — Demand for U.S. factory goods dropped in March by the most in three years, driven lower by a sharp fall in volatile orders for commercial aircraft. Still, more recent data suggest the decline may be temporary. The Commerce Dep...
  • Oil price falls on concerns about global economy
    Eco_oil-prices 2012-05-02 19:48:54 UTC
    NEW YORK (AP) — Oil prices fell Wednesday on concerns of a weakening European economy and disappointing job growth in the U.S. Benchmark West Texas Intermediate crude gave up 86 cents to $105.30 per barrel in New York. Brent crude, which helps ...
  • Detroit unions weigh strike option as layoffs loom
    14c6e2e1177e42538bde7578fe69e4a7-68305aaa3b80463f890b11f475f35b78-0 2012-05-02 18:16:55 UTC
    DETROIT (AP) — Unions angry that Detroit is trying to mend its financially-battered books by laying off hundreds of workers and imposing steep contract concessions on those who remain are considering an illegal strike. Several Detroit municipal...
  • Oil near $102 on Egypt protests, US demand outlook
    Oil-rises1 2013-07-03 07:09:49 UTC
    BANGKOK (AP) — The price of oil neared $102 a barrel Wednesday for the first time since May last year as Egypt's political crisis intensified, raising the risk of fuel supply disruptions. Benchmark crude for August delivery was up $2.07 to $101...
  • Natural gas prices up 5 pct. on production report
    Natural_gas 2012-04-30 20:56:35 UTC
    NEW YORK (AP) — The price of natural gas jumped by nearly 5 percent Monday after government data showed that producers are making good on promises to cut supplies. Chesapeake Energy Corp., ConocoPhillips and Encana Corp. have each said that the...
  • Delta Air buys Pa. refinery from Conoco
    138266-the-delta-airline-logo-is-seen-onstrap 2012-04-30 20:37:31 UTC
    Delta Air Lines Inc. says it will buy a refinery near Philadelphia as part of an unprecedented deal that it hopes will cut its jet fuel bill. Delta is buying the Trainer, Pa. refinery from Phillips 66, a refining company being spun off from Con...
  • Energy Transfer Partners to buy Sunoco for $5.3B
    151696980 2012-04-30 20:29:35 UTC
    NEW YORK (AP) — Energy Transfer Partners is buying Sunoco in a $5.3 billion deal that creates one of the more diverse pipeline companies in the country. The acquisition includes nearly 8,000 miles of pipeline, as well as 4,900 gas stations in 2...
  • Barnes & Noble and the e-reader competition
    Nook_next_to_paperbacks.top 2012-04-30 20:15:07 UTC
    Barnes & Noble Inc. makes a variety of Nooks with black-and-white screens, dedicated to reading, and the Nook Color and Nook Tablet, which add color screens, third-party applications and Internet browsing to the mix. Here's how its sales stacke...
  • Asia stocks rise on hopes of new Fed stimulus move
    0 2012-04-30 05:13:57 UTC
    BANGKOK (AP) — Asian stock markets rose Monday in holiday-thinned trade as sluggish U.S. growth figures boosted hopes for more measures from the Federal Reserve to help the world's No. 1 economy. South Korea's Kospi added 0.2 percent to 1,980.2...
  • Samsung Electronics reports record profit
    C175eb3446a1ad6893632a0ce37c 2012-04-28 04:45:12 UTC
    SEOUL, South Korea (AP) — Samsung Electronics Co., the world's largest consumer electronics firm by revenues, on Friday reported a record-high profit as strong smartphone sales helped mask a drop in semiconductor and TV profit. Net profit amoun...
  • Italy pays higher yields in pair of bond auctions
    Mario-monti-wolfgang-scha-007 2012-04-27 20:22:01 UTC
    MILAN (AP) — Italy was forced to pay higher interest rates Friday to entice investors to buy a little under €5 billion ($6.6 billion) worth of its 5- and 10-year bonds as jitters over Europe's debt problems have resurfaced. Investors demanded y...
  • Markets brush aside more grim Spanish news
    9424dc4a0dc2c4f91304731868-943x345-1 2012-04-27 20:16:42 UTC
    LONDON (AP) — Investors brushed aside more grim Spanish financial news and lower-than-anticipated U.S. economic growth figures, helping stocks to rally at the end of what has turned out to be a solid week for markets. Over the past couple of we...
  • Natural gas prices rise; oil declines slightly
    Icjxv2ofpb9y 2012-04-27 15:59:12 UTC
    Natural gas is rising as cooler weather and production cuts are raising expectations that demand may improve. Natural gas rose 2.1 cents to $2.147 per 1,000 cubic feet Friday in early trading. Last week the price dropped to the lowest level in ...
  • Exxon Mobil 1Q profit drops 11 percent
    4f99638284d06.image-1 2012-04-26 20:50:29 UTC
    NEW YORK (AP) — Exxon Mobil struggled just about everywhere in the first quarter. It produced less oil and natural gas. Profits dropped at its chemical plants and U.S. refineries. And its overall net income fell 11 percent, the first decline in...
  • Chrysler posts best quarterly profit in 13 years
    Chrysler 2012-04-26 20:42:48 UTC
    DETROIT (AP) — Chrysler had its best quarterly profit in 13 years. Not bad for a company that almost died three years ago. The company earned $473 million in the first quarter, mainly from strong U.S. sales, which rose 39 percent from January t...
  • Senate Dems ready bill freezing student loan costs
    Untitled 2012-04-25 18:08:08 UTC
    WASHINGTON (AP) — President Barack Obama is playing politics with his push to prevent interest rates on federal student loans from increasing in an election-year effort to embarrass Republicans, the Senate's GOP leader said Wednesday. Senate Mi...
  • Oil prices decline on growing supply
    110502033054_oil_prices_640x360_16x9 2012-04-25 18:03:54 UTC
    NEW YORK (AP) — Oil prices dropped slightly on Wednesday after the government reported an increase in U.S. supplies. Benchmark West Texas Intermediate crude lost 22 cents to $103.33 per barrel in New York. Brent crude, which sets the price of o...