Stock market ekes out small gains; Apple climbs
2013-08-14 05:25:51 UTC
NEW YORK (AP) — Major stock indexes eked out small gains Tuesday after an upturn in technology companies outweighed weakness in other parts of the market, including a drop in airlines.
The gain in technology stocks was driven by Apple. The technology company surged after billionaire investor C...
Oil falls to near $106 ahead of Europe growth data
2013-08-14 05:22:49 UTC
BANGKOK (AP) — The price of oil fell Wednesday as traders waited for European growth figures that might show the continent has emerged from a long recession.
Benchmark crude for September delivery was down 63 cents to $106.20 per barrel at midday Bangkok time in electronic trading on the New Y...
Israel approves nearly 1,200 more settlement homes
2013-08-12 05:11:24 UTC
JERUSALEM (AP) — Israel approved building nearly 1,200 more settlement homes Sunday and agreed to release 26 long-held Palestinian security prisoners — highlighting an apparent settlements-for-prisoners trade-off that got both sides back to peace talks after a five-year freeze.
Yet concerns we...
Stocks slide on a quiet day, end down for the week
2013-08-10 07:03:05 UTC
NEW YORK (AP) — Friday was the ho-hum capstone to a ho-hum week in the stock market as unimpressive earnings kept investors feeling wary and news about the U.S. economy left them uninspired.
All three major indexes ended lower, and almost everything about the day screamed summer. Trading was l...
World stocks down, Fed official flags stimulus end
2013-08-07 09:12:49 UTC
BANGKOK (AP) — World stock markets fell Wednesday, led by a plunge in Japan's benchmark index, as expectations mounted that the U.S. central bank will begin to phase out its monetary stimulus next month.
Positive U.S. trade data and comments by a Federal Reserve bank regional president increas...
Oil price wavers but remains above $105
2013-08-07 09:13:56 UTC
BANGKOK (AP) — Crude prices vacillated between gains and losses Wednesday as traders waited for the U.S. Energy Department to release its latest oil supply data.
Benchmark crude for September delivery was up 25 cents to $105.55 at late afternoon Bangkok time in electronic trading on the New Yo...
Oil rises above $107 on Fed stimulus hopes
2013-08-05 06:12:14 UTC
BANGKOK (AP) — Oil rose above $107 a barrel Monday after a disappointing U.S. jobs report made it more likely the Federal Reserve will continue its stimulus program beyond September.
Benchmark crude for September delivery was up 18 cents to $107.12 at midday Bangkok time in electronic trading ...
Asian markets gain on upbeat US economic data
2013-08-02 06:10:55 UTC
HONG KONG (AP) — Asian stocks advanced Friday after a report that U.S. manufacturing activity jumped last month raised hopes of a rebound in industrial production that would bolster growth in the world's biggest economy.
Investors were pleased after the Institute for Supply Management's purcha...
S&P 500 crosses 1,700 points for the first time
2013-08-01 17:58:45 UTC
NEW YORK (AP) — Stocks rose on Wall Street Thursday morning, sending the Standard & Poor's 500 index above 1,700 points for the first time.
The S&P 500, which investors follow closely as a gauge for the rest of the market, was up 17 points at noon Eastern Daylight Times, or 1 percent, at 1,702...
Oil marches past $108 on favorable economic data
2013-08-02 06:07:42 UTC
BANGKOK (AP) — Oil prices breezed past $108 per barrel Friday, with traders emboldened by record highs on Wall Street and data showing an upswing in U.S. factory output.
Benchmark crude for September delivery rose 67 cents to $108.56 per barrel at midday Bangkok time in electronic trading on t...
Asian stock markets buoyed by Fed statement
2013-08-01 06:36:19 UTC
BANGKOK (AP) — Asian markets rose Thursday after the U.S. Federal Reserve gave no indication it was preparing to wind down a massive bond-buying program that has propelled investors into stocks.
The Fed wrapped up a two-day policy meeting on Wednesday without any changes in its monetary policy...
Better US economic growth, earnings push stocks up
2013-07-31 19:07:17 UTC
NEW YORK (AP) — Steady growth in the U.S. economy and higher company earnings helped hold the stock market near record levels Wednesday.
The economy, while still struggling to pick up momentum following the Great Recession, grew at a faster pace than economists had forecast in the second quart...
Asia stock markets fall ahead of Fed meeting
2013-07-29 06:15:11 UTC
BANGKOK (AP) — Asian stock markets fell Monday as traders awaited a packed schedule of data releases this week in the U.S. and a key meeting of the Federal Reserve.
Japan's benchmark Nikkei 225 dropped 2.2 percent to 13,824.18 as the yen continued to reverse some its recent fall.
Oil drops to near $104 as Asian stock markets fall
2013-07-29 06:05:44 UTC
BANGKOK (AP) — The price of oil fell to near $104 a barrel Monday, taking a negative cue from a sharp drop in the Nikkei stock index.
West Texas Intermediate, the benchmark for U.S. crude, was down 44 cents to $104.26 per barrel at midday Bangkok time in electronic trading on the New York Merc...
US stocks slip after disappointing jobs report
2013-08-02 15:39:46 UTC
NEW YORK (AP) — A tepid jobs report pushed stocks lower on Friday.
Stocks fell after the U.S. added fewer jobs than forecast in July, curbing optimism that the economy is poised to pick up strength in the second half of the year.
The government reported that 162,000 jobs were created last m...
Oil near $105 as slower China dims demand outlook
2013-07-25 07:51:30 UTC
BANGKOK (AP) — The price of a barrel of oil fell to near $105 on Thursday, extending a big drop the previous day sparked by weakness in China's economy.
Benchmark crude for September delivery was down 33 cents at $105.05 a barrel at midafternoon Bangkok time in electronic trading on the New Yo...
Oil near $107 as China manufacturing weakens
2013-07-24 10:43:51 UTC
Weak manufacturing data from China dragged the price of oil down close to $107 a barrel Wednesday as traders awaited confirmation of a report showing another decline in U.S. crude supplies.
By early afternoon in Europe, benchmark crude for September delivery was down 10 cents at $107.13 a barr...
Gas well in the Gulf catches fire after blowout
2013-07-24 10:41:21 UTC
NEW ORLEANS (AP) — An out-of-control natural gas well off the Louisiana coast has caught fire, hours after a blowout that prompted the evacuation of 44 workers.
Meanwhile, officials stressed that Tuesday's blowout wouldn't be close to as damaging as the 2010 BP oil spill, in which an oil rig, ...
Asian stocks higher after Wall Street gains
2013-07-23 07:19:15 UTC
SEOUL, South Korea (AP) — Asian stock markets rose Tuesday as overnight gains on Wall Street and the Japanese prime minister's vow to focus on economic reforms helped investors brush off a downbeat U.S. housing survey and weak quarterly earnings.
Analysts said downbeat news on the U.S. economy...
Dow slips to worst week of 2013
2013-08-17 14:00:45 UTC
NEW YORK (AP) — Stocks fell Friday, closing out what was the worst week of the year for the Dow Jones industrial average.
The market was dragged lower by a weak performance from retailers and companies sensitive to higher interest rates. Homebuilders and banking stocks were among the best perf...
Tech slump leads US stocks back from records
2013-07-19 17:12:12 UTC
NEW YORK (AP) — It was a bad day for technology stocks Friday.
Stocks edged back from record levels, led by a slump in the technology sector after Microsoft and Google reported disappointing earnings.
Microsoft fell the most in more than four years after the company wrote off $900 million f...
Oil falls after topping $109; pump price at $3.67
2013-07-19 17:09:28 UTC
NEW YORK (AP) — The price of oil fell back Friday after crossing $109 a barrel for the first time since early last year.
Meanwhile, after a big spike in oil prices so far in July, a weekend road trip will cost many Americans more than it has in four months.
By midday in New York, benchmark ...
Markets edgy ahead of Bernanke testimony
2013-07-17 10:35:11 UTC
LONDON (AP) — Markets grew more edgy in the run-up to Wednesday's testimony from U.S. Federal Reserve chairman Ben Bernanke.
Stocks, which had been solid during the Asian session, started to drift lower as the European day progressed and Wall Street was poised for a modest retreat at the open....
Oil stays near $106 ahead of US inventories report
2013-07-16 07:48:27 UTC
BANGKOK (AP) — The price of oil stayed near $106 a barrel Tuesday as energy markets waited for the next U.S. report on crude and fuel inventories for confirmation of recent signs of increased demand.
Benchmark crude for August delivery was down 35 cents at $105.97 a barrel at midafternoon Bang...
Oil hangs near $106 as China slowdown absorbed
2013-07-15 06:18:51 UTC
BANGKOK (AP) — Oil marked time near $106 a barrel Monday as traders navigated conflicting signals about the strength of future demand: slowing China growth and plunging U.S. fuel stockpiles.
Benchmark crude for August delivery was up 3 cents at $105.98 a barrel at early afternoon Bangkok time ...