Iran readies for big oil production hike
2013-12-04 12:17:10 UTC
VIENNA (AP) — Iran says it plans to pump as much oil as it can once sanctions on its crude exports are lifted, even if the extra output causes prices to slide.
The comments by Iranian oil minister Bijan Namdar Zanganeh reflect Tehran's determin...
Oil edges up in thin post-holiday trade
2013-11-30 08:14:42 UTC
NEW YORK (AP) — Oil remained below $93 a barrel Friday, in light trading a day after the Thanksgiving holiday in the U.S.
For the week, oil fell by $2.32 a barrel.
At the gas pump, the average price of a gallon of gasoline is $3.28. That's u...
Iran nuke deal could push oil prices lower
2013-11-25 19:16:30 UTC
NEW YORK (AP) — Oil prices could be headed lower after the preliminary nuclear deal between Iran and six world powers, even though it does not loosen sanctions on Iran's oil exports.
In the short term, the deal may make it easier for Iran to se...
Oil little changed near $93 a barrel
2013-11-19 09:08:19 UTC
BANGKOK (AP) — Oil was little changed below $93 a barrel Tuesday, awaiting new cues from U.S. economic indicators and the resumption of negotiations in Geneva meant to curb Iran's nuclear program.
Benchmark U.S. crude for December delivery wa...
US trade deficit widens 8 percent in September
2013-11-14 21:38:58 UTC
WASHINGTON (AP) — The U.S. trade deficit widened in September as imports increased to the highest level in 10 months while exports slipped. The wider gap suggests growth was somewhat slower over the summer than previously estimated.
Oil near $93 after sharp fall as high supply eyed
2013-11-13 08:54:01 UTC
KUALA LUMPUR, Malaysia (AP) — Oil hovered above $93 a barrel Wednesday after a sharp plunge the day before in anticipation of high U.S. crude supplies.
Benchmark U.S. crude for December delivery was up 30 cents to $93.34 a barrel at midafternoo...
Stocks edge higher on Wall Street
2013-11-11 18:20:16 UTC
NEW YORK (AP) — The Dow Jones industrial average held at a record high on Wall Street Monday.
The market continued its climb from Friday, when it got a lift from an unexpectedly strong U.S. jobs report. Stocks have surged to record highs this y...
The shutdown's surprise effect on jobs numbers
2013-11-09 20:25:37 UTC
WASHINGTON (AP) — The government shutdown may have affected October's jobs numbers. But not how you think.
For weeks, the White House had braced for a dour report on hiring, with economists and aides lowering expectations and blaming last month...
Asia stocks falter after OECD cuts growth forecast
2013-11-20 09:41:09 UTC
BANGKOK (AP) — Asian stock markets mostly faltered Wednesday after the OECD lowered its forecasts for global economic growth.
In a half-yearly report, the Organization for Economic Cooperation and Development cut its forecast for world growth t...
Twitter surges in opening trade on NYSE
2013-11-07 22:37:30 UTC
NEW YORK (AP) — Shares of Twitter went on sale to the public for the first time Thursday, instantly leaping more than 70 percent above their offering price in a dazzling debut that exceeded even Wall Street's lofty hopes for the most anticipated i...
Why some experts think Twitter stock is a bargain
2013-11-06 11:25:04 UTC
NEW YORK (AP) — Critics dismiss it as a fad. It's tiny next to some rivals. And it loses money.
Yet for all its faults, Twitter has plenty of fans on Wall Street. They say investors should seize the initial public offering this week and grab an...
Asia stocks muted on Fed concerns, Europe gains
2013-11-06 11:27:42 UTC
MANILA, Philippines (AP) — World stock markets were mixed Wednesday, with benchmarks in Asia flitting between gains and losses after an improvement in U.S. service industries reinforced expectations the Federal Reserve will reduce monetary stimulu...
US govt: Hedge fund giant SAC Capital to pay $1.8B
2013-11-04 17:22:51 UTC
NEW YORK (AP) — Hedge fund giant SAC Capital Advisors has agreed to plead guilty to fraud charges and to pay a $1.8 billion financial penalty, federal prosecutors said Monday.
The government said in a letter to judges presiding over the Manhatt...
AP-CNBC poll: Twitter faces skeptical investors
2013-11-04 06:15:41 UTC
NEW YORK (AP) — Twitter faces skepticism from potential investors and the broader public ahead of its initial public offering, according to an Associated Press-CNBC poll released Monday.
Some 36 percent of Americans say buying stock in the 7-ye...
Asian markets down on Japan data, Ukraine worries
2014-02-28 09:46:35 UTC
MUMBAI, India (AP) — Asian stock markets were lower Friday, shrugging off Wall Street's record high and focusing instead on Japanese economic numbers indicating further stimulus might be needed and the turmoil in Ukraine.
Japan's Nikkei 225, th...
US home prices rise at fastest pace since 2006
2013-10-29 17:33:42 UTC
WASHINGTON (AP) — U.S. home prices rose in August from a year earlier at the fastest pace since February 2006. But the price gains slowed in many cities from July, a sign that the spike in prices over the past year may have peaked.
Japan leads Asian stocks lower after US sell-off
2014-01-14 08:21:41 UTC
HONG KONG (AP) — Most Asian stock markets sank Tuesday, led by Japan, as investors took their cues from a big sell-off in the U.S.
U.S. stocks had their worst day so far this year, with the major benchmarks all dropping more than 1 percent. Con...
Settlement approved in Google stock split lawsuit
2013-10-29 01:05:31 UTC
WILMINGTON, Del. (AP) — A Delaware judge on Monday approved a settlement in a shareholder lawsuit challenging Google Inc.'s plans to split its stock and issue a new class of nonvoting shares.
The ruling by Chancellor Leo Strine Jr. clears the w...
Microsoft 1Q profit, sales top views; shares jump
2013-10-25 07:52:10 UTC
LOS ANGELES (AP) — Microsoft posted quarterly revenue and earnings Thursday that easily topped Wall Street forecasts, marking a healthy start to a companywide overhaul it announced in July that should help the software giant transform into a devic...
Price of crude near $101 as US supplies rise
2013-10-10 06:35:49 UTC
BANGKOK (AP) — Oil prices clawed back a little ground Thursday, a day after a big drop precipitated by an increase in U.S. crude inventories.
Benchmark oil for November delivery was up 15 cents to $101.76 a barrel at midday Bangkok time in elec...
Asia stock markets calm despite US govt shutdown
2013-10-02 08:47:32 UTC
BANGKOK (AP) — Asian stock markets on Wednesday dealt calmly with a partial U.S. government shutdown precipitated by the failure of lawmakers to agree on a way to allow the nation to temporarily pay its bills.
The shutdown went into effect afte...
Oil falls below $102 on US shutdown notice
2013-10-01 05:51:57 UTC
BANGKOK (AP) — The price of oil fell Tuesday after parts of the U.S. government were ordered to shut down because of a budget impasse in Washington.
Benchmark oil for November delivery dropped 35 cents to $101.99 per barrel at midday Bangkok ti...
Asia stocks drift before Shanghai free trade plan
2013-09-27 07:14:13 UTC
HONG KONG (AP) — Asian stocks drifted on Friday, with markets in China edging slightly higher as investors stayed cautious ahead of a major holiday and an announcement on details on a free trade zone in Shanghai. Stocks in Tokyo slid after Japan's...
US pending home sales fall for 3rd straight month
2013-09-26 17:04:55 UTC
WASHINGTON (AP) — Fewer Americans signed contracts to buy U.S. homes in August, the third straight decline. The drop could mean that higher mortgage rates are starting to deter some buyers.
The National Association of Realtors said Thursday tha...
Oil rebounds slightly after falling to nearly $103
2013-09-25 05:40:44 UTC
BANGKOK (AP) — The price of oil rose Wednesday, bouncing back slightly after a string of losses.
Benchmark oil for November delivery was up 24 cents to $103.37 per barrel at midday Bangkok time in electronic trading on the New York Mercantile E...