Economy

Glencore, Xstrata merger clears final hurdle
Commodities trader Glencore says its merger with mining company Xstrata PLC has cleared its final hurdle after Chinese regulators approved the deal.
US consumer prices drop 0.2 pct on cheaper gas
U.S. consumer prices declined last month as the cost of gas fell sharply and food prices were unchanged. The tame reading is the latest evidence that ...
GM 1Q global sales rise 3.6 percent to beat VW
General Motors edged out fast-growing Volkswagen in first-quarter sales as both companies try to close the gap with Toyota for the global world sales ...
Oil down slightly after sharp fall on weak demand
The price of oil fell as far as $86 a barrel on Tuesday as shaky economic recoveries in China and the U.S. raised the prospect of weaker demand.
Ahead of the Bell: Yahoo 1Q puts spotlight on CEO
Yahoo's first-quarter earnings report will cast a spotlight on CEO Marissa Mayer's efforts to turn around the Internet company. The numbers, due out ...
Official: 17 gold miners dead in Ghana accident
Authorities say 17 people are dead after an accident at a gold mine in central Ghana. Local official Peter Kofi Owusu-Ashia told The Associated Press ...
Earnings Preview: Focus on PCs in Microsoft's 3Q
Microsoft's latest quarterly report will give the software maker another opportunity to persuade investors that its efforts to redesign its products ...
UK inflation steady at 2.8 percent
Official figures show Britain's inflation rate was unchanged in March and above the Bank of England's target. The Office for National Statistics says ...
Asia stocks sink on global growth worries
Asian stock markets were mostly lower Tuesday as weak economic data, falling commodity prices and big losses on Wall Street shook investors. A deadly ...
J.C. Penney job No. 1: Calming vendors
As J.C. Penney Co. burns through its cash after a disastrous turnaround plan and taps almost half of its credit line, the flailing department store ...
Falling commodities give Dow worst day of the year
Worries about an economic slowdown in China fueled a steep drop in commodity prices Monday, spooking investors and giving the stock market its worst ...
Citigroup execs sound a cautious note
Citigroup isn't convinced the economy is back. The bank on Monday announced strong first-quarter results, but executives were more cautious than ...
Oil drops to 4-month low as China growth slows
The price of oil sank nearly 3 percent as a slowdown in China's growth added to doubts about the strength of the world economy and global demand for ...
Cellphone use heavy, but still operating in Boston
Cellphone companies say service is operating in the Boston area, but with heavy traffic following of the explosions at the Boston Marathon. A law ...
Gold has its steepest plunge in 30 years
Gold had its biggest one-day drop since 1983 on Monday as a selling frenzy that began last week picked up speed. The price of gold plunged $140.30 to ...
Dish Network offering to buy Sprint in $25.5B deal
Dish Network Corp. is trying to snag U.S. wireless carrier Sprint Nextel away from a Japanese suitor, the latest sign that satellite dishes are losing ...
GM, Ford to collaborate on new transmissions
General Motors and Ford are putting aside their longstanding rivalry to work together to develop a new generation of fuel-efficient automatic ...
Hagel cancels creation of new drone, cyber medal
In the face of withering criticism, Defense Secretary Chuck Hagel has canceled the creation of a new military medal for drone and cyber warriors, ...
Obama signs law limiting disclosure requirements
President Barack Obama has signed into law a bill that repeals some financial disclosure requirements for higher paid federal officials.
Greece seals deal with debt inspectors
Greece cleared an important hurdle in its drive to receive its next batch of bailout loans from its international creditors Monday. But even though ...
Rising costs weigh on US homebuilder confidence
U.S. homebuilders are concerned that limited land and rising costs for building materials and labor will slow sales in the short term. Still, their ...
Draghi urges leaders to solve euro's core problems
European Central Bank head Mario Draghi said Monday that it was up to politicians to solve the region's core problems including fixing the banking ...
Simon & Schuster to offer e-books to libraries
The publisher of Stephen King, Bob Woodward and other top-selling authors has changed its policy of withholding e-books from libraries. Simon & ...
Anti-Putin activist Alexei Navalny ready for trial
Far from the streets of Moscow where he galvanized tens of thousands in anti-government protests, Alexei Navalny faces trial this week on charges that ...