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Oil prices briefly dropped below $112 a barrel Tuesday, extending the previous session's decline as Tropical Storm Fay avoided oil-producing infrastructure in the Gulf of Mexico.
By midday in Europe, light, sweet crude for September delivery was down 54 cents at $112.33 after falling as low as $111.78 barrel earlier in electronic trading on the New York Mercantile Exchange.
The con...
WASHINGTON (AP) — Hard times and higher fuel prices will follow kids back to school this fall.
Children will walk farther to the bus stop, pay more for lunch, study from old textbooks and wear last year's clothes. Field trips? Forget about it.
This year, it could cost nearly twice as much to fuel the yellow buses that rumble to school each morning. If you think it's expensi...
Britain's economy will enter a recession within the coming year, the British Chambers of Commerce (BCC) has predicted.
In its latest quarterly economic forecast, the BCC said Britain was heading into a "technical" recession of two or more quarters of declining output over the next six or nine months. But a major recession similar to the downturn seen in early 1990s was unlikely, the orga...
Sunday, August 17, 2008; Posted: 06:56 AM 7 Stocks You Need To Know For Tomorrow -- Free Newsletter Aug 17, 2008 (Richmond Times-Dispatch - McClatchy-Tribune News Service via COMTEX) -- WB PowerRating -- Aug. 17--When companies such as Wachovia Securities pack up and leave town, the move affects more than employees. It creates ripples in the economy, most notably the housing market.
Abo...
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NEW YORK (AP) — Stock futures pointed to a modest advance Friday as oil prices dropped back below $114 a barrel, suggesting to Wall Street that consumers' energy bills will become more manageable.
Light, sweet crude fell $1.80 to $113.21 a barrel in premarket electronic trading on the New York Mercantile Exchange.
To be sure, a big reason that oil and other commodities are f...
- WELLINGTON, Aug 15 (Reuters) - New Zealand retail volumes fell for the second quarter in a row in the three months to June, backing views the economy is in recession and the central bank will keep cutting interest rates.
The value of seasonally-adjusted sales were down 0.2 percent on the previous quarter, and allowing for price movements, volumes fell 1.5 percent, according to official ...
NEW YORK (AP) — Stock futures pointed to a modest rebound Thursday after two straight sessions of sharp losses and as investors awaited data on consumer prices in July.
The market expects the Labor Department to report a rise in the consumer price index, but not as large as June's increase. The median estimate from economists surveyed by Thomson Financial/IFR was for a 0.4 percent...
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NEW YORK (AP) — Stocks headed for a lower open Tuesday as renewed worries about the financial sector overshadowed another drop in oil prices.
Wall Street's latest reminder that deep troubles remain in the financial sector came when JPMorgan Chase & Co. said late Monday it has incurred wider losses in its mortgage holdings so far in the third quarter than it did in the second quart...