Oil near $102 on Egypt protests, US demand outlook
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 $101.65 a barrel at midday Bangkok time in electronic ...
Natural gas prices up 5 pct. on production report
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 they would take some natural gas operations offline t...
Energy Transfer Partners to buy Sunoco for $5.3B
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 24 Eastern states. Those stations will keep the ico...
US consumer spending slowed in March, income rose
2012-04-30 20:11:08 UTC
WASHINGTON (AP) — Americans increased their spending more slowly in March, suggesting some are worried that their paychecks aren't growing fast enough.
The Commerce Department said Monday that consumer spending increased just 0.3 percent last month after a 0.9 percent gain in February.
Asia stocks rise on hopes of new Fed stimulus move
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 1,980.27 amid improving business sentiment among manufact...
UK's Cameron: No pact with Murdoch over takeover
2012-04-29 18:43:37 UTC
LONDON (AP) — Prime Minister David Cameron acknowledged Sunday that he wooed Rupert Murdoch as he attempted to win power in Britain, but insisted he never struck a tit-for-tat deal to support the media mogul's business dealings in return for favorable coverage.
Ties between Cameron's governmen...
Natural gas prices rise; oil declines slightly
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 more than a decade.
The price plunged this year...
Gasoline prices continue to creep lower
2012-04-26 20:16:08 UTC
NEW YORK (AP) — Retail gasoline prices continued their surprising spring slide Thursday, dropping a penny to $3.83 per gallon.
It's the 10th straight day of declines for the national average retail price. Pump prices are 4 cents lower than they were last year at this time.
Retail gasoline p...
APNewsBreak: Burger King makes cage-free promise
2012-04-25 17:58:14 UTC
The movement by U.S. food corporations toward more humane treatment of animals experienced a whopper of a shift Wednesday when Burger King announced that all of its eggs and pork will come from cage-free chickens and pigs by 2017.
The decision by the world's second-biggest fast-food restaurant...
Poor economy worsens Social Security's finances
2012-04-23 18:42:41 UTC
WASHINGTON (AP) — High energy prices and an economy that has been slow to rebound are worsening Social Security's finances, shortening the life of the trust funds that support program by three years, the government said Monday.
Those trust funds will now run dry in 2033, according to a report ...
US stocks slide on economic tremors from Europe
2012-04-23 14:09:55 UTC
NEW YORK (AP) — Stocks are opening sharply lower with new worries about Europe's health.
Reports out of Europe Monday showed government debt continues to pile up despite severe budget cuts that have led to unrest across the continent.
The Dow Jones industrial average is down 126 points to 1...
U.S. regulators approve Cheniere LNG export plant
2012-04-17 00:34:05 UTC
(Reuters) - U.S. regulators on Monday approved the country's first liquefied natural gas export plant in nearly 50 years, which will open up cheap and abundant American supplies to importers across the globe.
The Federal Energy Regulatory Commission (FERC) approval paves the way for constructi...
China gives currency more freedom with new reform
2012-04-14 05:24:12 UTC
BEIJING (Reuters) - China took a milestone step in turning the yuan into a global currency on Saturday by doubling the size of its trading band against the dollar, pushing through a crucial reform that further liberalizes its nascent financial markets.
The People's Bank of China said it would ...
Sony sees record $6.4 billion loss on tax hit
2012-04-10 19:08:01 UTC
TOKYO (Reuters) - Japan's Sony Corp flagged a record $6.4 billion annual net loss, double an earlier forecast and a fourth straight year of red ink, as it writes off deferred tax credits, heaping more pressure on its new CEO to turn around the electronics giant.
Sony, which plans to axe 10,000...
Iran cuts oil to Spain ahead of nuclear talks
2012-04-10 20:34:28 UTC
DUBAI (Reuters) - Iran has cut oil exports to Spain and may halt sales to Germany and Italy, Iran's English-language state television reported on Tuesday, in an apparent move to strengthen its position ahead of crucial talks with world powers later this week.
Iran has played a tit-for-tat game...
Chevron finds leak in offshore Petrobras oil field
2012-04-10 04:31:40 UTC
RIO DE JANEIRO (Reuters) - U.S. oil company Chevron discovered an oil seep in an offshore Brazilian oil field run by Petrobras near the site of a November leak that led to civil and criminal charges and sparked concerns about some of the world's most promising deep sea reserves.
No traces have...
Anti-poverty group ONE pushes for G8 food deal
2012-04-10 04:08:02 UTC
OKLAHOMA CITY (Reuters) - Two white men accused of shooting five black people in Tulsa, Oklahoma, killing three of them, have confessed to authorities, media reports said on Monday, citing police and court documents.
Jake England, 19, has admitted to police that he shot three of the victims an...
U.S. should lead to end World Bank tradition: Nigerian finance minister
2012-04-10 02:42:52 UTC
WASHINGTON (Reuters) - The United States should take the lead and break the long tradition of an American always heading the World Bank, Nigerian finance minister and a nominee for the top post Ngozi Okonjo-Iweala said on Monday.
Speaking after a "marathon" three-and-a-half-hour interview by t...
Shares fall on sluggish U.S. jobs, focus on more data
2012-04-09 06:46:27 UTC
TOKYO (Reuters) - Asian shares fell on Monday as a sharp slowdown in U.S. jobs growth raised concerns about the strength of the world's largest economy, making investors cautious ahead of more U.S. data and earnings as well as figures from China due this week.
MSCI's broadest index of Asia Pac...
Heavy rains have closed some of Northern California's Marin County schools
2017-02-09 22:32:58 UTC
Mill Valley - Dozens of schools in flood-prone areas throughout Marin County are closed Thursday in advance of another storm expected to wallop the area, officials said.
In all, 40 public schools and 13 private ones were announced as closed just after 5 p.m. Wednesday, according to the Marin Cou...
Mike Flynn Seeks Immunity To Testify
2017-03-31 03:01:29 UTC
<blockquote><h2>Former national security adviser may know details of Russia ties</h2>
<h3>President Donald Trump’s former national security adviser Michael Flynn is reportedly willing to testify about the Trump team’s ties with Russia in exchange for immunity from prosecution.</h3>
Romney criticizes Biden on consulate attack
2012-10-13 04:17:53 UTC
RICHMOND, Va. (AP) — Broadening his attack on administration foreign policy, Mitt Romney accused Vice President Joe Biden on Friday of "doubling down on denial" in a dispute over security at a diplomatic post in Libya that was overrun by terrorists who killed the U.S. ambassador and three other A...
EU sent inspectors to examine Spain deficit figures
2012-03-13 17:10:08 UTC
Inspectors from the European Commission have been in Spain to evaluate its 2011 budget deficit after the numbers came in much higher than expected, the EU executive said on Friday.
Spain said at the end of February that its budget deficit was 8.5 percent last year, far above the Commission's ex...