Oil prices decline on growing supply
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...
US orders for long-lasting goods plunge in March
2012-04-25 17:37:52 UTC
WASHINGTON (AP) — Orders for long-lasting factory goods fell by the largest amount in three years last month, mostly because demand for commercial aircraft plummeted. But companies also ordered less machinery and other equipment, a sign manufactur...
Fed: Economy growing moderately; no policy changes
2012-04-25 17:24:48 UTC
WASHINGTON (AP) — The Federal Reserve says the economy is growing moderately while cautioning that risks from Europe remain. It's holding off on taking any further steps to boost the recovery.
In a statement after a two-day meeting, the Fed sai...
Germany's Merkel defends budget discipline drive
2012-04-24 15:55:21 UTC
BERLIN (AP) — Germany defended its pro-austerity stance on Tuesday, with Chancellor Angela Merkel and two ministers pressing for Europe to stick with a policy of fiscal discipline in spite of the latest bout of political uncertainty.