Economy

Oil price falls toward $94 on supply increase
The price of oil fell slightly Thursday after forecasts for global oil demand were cut and U.S. inventories of crude continued to rise. By early ...
China's March auto sales up 13.3 percent
China's auto sales in March rose 13.3 percent over a year earlier but Japanese automakers suffered more declines, an industry group reported Thursday.
Severe US flu season helped Roche's Q1 sales
Strong sales of new cancer drugs and a severe U.S. flu season helped lift first-quarter revenue at Swiss drugmaker Roche Holding AG by 6 percent.
RealtyTrac: US home repossessions fell in March
The number of U.S. homes repossessed by lenders last month fell to the lowest level in more than five years, the latest evidence that the nation's ...
Asia stocks up as Wall Street climbs on tech gains
Asian stock markets powered higher Thursday after a U.S. communications company posted a surprise jump in earnings that led to big gains in technology ...
PC outlook darkens as sales slump deepens in 1Q
The ailing personal computer market is getting weaker, and it's starting to look as if it will never fully recover as a new generation of mobile ...
Former Sands exec turns on Adelson in testimony
Most fired employees can only dream about detailing their former boss's missteps and mistreatment in open court. Williams Weidner, who was second in ...
Barrick halts work on mine after Chile court rules
Barrick Gold Corp. suspended construction on its Pascua Lama mine Wednesday after a Chilean court ruled in favor of indigenous communities that say ...
Stocks rise sharply, led by gains in technology
Technology stocks roared back Wednesday, driving the Standard & Poor's 500 and Dow Jones industrial average to record highs. The industry has lagged ...
Bitcoin economics: A primer on a volatile currency
Bitcoin, the virtual currency composed of digital bits, is based on cutting-edge mathematical schemes that guard against counterfeiting. But it's also ...
Minutes show Fed supports stimulus through midyear
A majority of Federal Reserve policymakers want to continue extraordinary bond purchases to help boost the U.S. economy at least through the middle ...
Banks among those who received Fed minutes early
Employees at JPMorgan Chase, Goldman Sachs Group, Wells Fargo and Citigroup were among those to receive market-sensitive information from the Federal ...
Post office retreats on eliminating Saturday mail
The financially beleaguered Postal Service backpedaled on its plan to end Saturday mail delivery, conceding Wednesday that its gamble to compel ...
VC firms team up to invest in Google Glass ideas
Three influential venture capital firms are teaming to find and finance entrepreneurs who want to create applications and other accessories for Google ...
Oil gains, gasoline futures tank on supply data
Oil managed to rise Wednesday, but gasoline futures plunged after a report showed that demand for fuel in the U.S. remains relatively weak.
Jobless rates fall in most US cities in February
Unemployment rates fell in more than 80 percent of large U.S. cities in February from January, suggesting that strong hiring that month benefited the ...
Chinese demand for baby milk causes 'ration' in UK
Demand for baby milk formula is surging in Britain, but it seems likely the powder is going to babies thousands of miles away. British retailers said ...
EU warns of imbalances in Spain, Slovenia
The European Commission turned up the heat on Spain and Slovenia Wednesday, warning that the two struggling countries are facing "excessive" problems ...
Blacks still face challenges in economic equality
African-Americans have achieved tremendous gains in education over the past 50 years, but that has yet to translate into major progress toward ...
GM's Akerson reaffirms commitment to Opel
General Motors' top executives have reaffirmed their commitment to Opel, the U.S. auto group's lossmaking European subsidiary, promising to invest ...
Taylor Morrison rises in 1st day as public company
Shares of Taylor Morrison Home Corp. are rising in its debut as a publicly traded company. The homebuilder's entry on the New York Stock Exchange ...
US stock markets open higher
Stocks are opening higher on Wall Street, a day after the Dow Jones industrial average closed at its second all-time high in a week. Shortly after the ...
China and California sign deal to boost investment
California and China signed an agreement Wednesday to look for ways to boost trade and investment, even as Gov. Jerry Brown acknowledged the state's ...