WASHINGTON (AP) — Prices at the wholesale level plunged in February by the largest amount in seven months as a big drop in energy prices offset higher food costs.
The Labor Department said... Full story
WASHINGTON (AP) — The U.S. Senate is sending the first of several promised election-year jobs bills to President Barack Obama for his signature.
It would provide a temporary payroll tax holiday to companies that hire and would pump $20... Full story
NEW YORK (AP) — Oil prices climbed back to near $82 on Tuesday as fresh housing data calmed investor concerns over the Federal Reserve's meeting on interest rates.
At midday, benchmark crude for April delivery rose $2.08, or 2.5 percent,... Full story
NEW YORK (AP) — Stocks climbed Tuesday while investors awaited results from the Federal Reserve's meeting on interest rates.
Policymakers are almost certain to keep the Fed's benchmark rate at a historic low of near zero, so investors will... Full story
WASHINGTON (AP) — Housing construction fell in February as winter blizzards held down activity in the Northeast and South. The decline highlighted the challenges facing builders as they struggle to emerge from the worst housing slump in... Full story
WASHINGTON (AP) — A new Democratic Senate bill to tame U.S. financial markets would give the government new powers to break up firms that threaten the economy and would force the industry to pay for its failures.
Legislation unveiled Monday... Full story
ATLANTA (AP) — Continental Airlines is ending free hamburgers, barbecue and sandwich rolls for many of its passengers in favor of a food-for-sale program that mirrors what other carriers are already doing.
A spokesman said Monday that the... Full story
BRUSSELS (AP) — Soaring government debt endangers Europe's business climate because it could hold back economic growth and crowd out financing for companies, European employers said Monday.
BusinessEurope, which represents 20 million... Full story
NEW YORK (AP) — Concerns about China's economy and a warning about the credit rating of the U.S. are hitting stocks.
Credit ratings agency Moody's says Monday that debt loads are stretched in the U.S. and Britain. The countries carry the... Full story
Oil prices fell below $81 a barrel Monday, pushed down by a stronger dollar and investor concerns that slower U.S. demand for crude doesn't justify the recent rally.
By early afternoon in Europe, benchmark crude for April delivery was down 56... Full story
NEW YORK (AP) — Oil prices trimmed some early losses, but still ended lower Tuesday, after rising steadily since the end of last week.
Benchmark crude for April delivery lost 38 cents to settle at $81.49 per barrel on the New York... Full story