By SANDY SHOREAP Business Writer
The price of oil fell Friday on concerns that growth in global crude demand will slow even as more petroleum becomes available.
Benchmark oil fell 21 cents Friday to $91.86 per barrel in New York.
On Friday, the International Energy Agency issued a new report
ATHENS, Greece (AP) - Greece is inching towards an agreement with its international debt inspectors as they struggle to hammer out the details of €13.5 billion ($17.5 billion) in austerity measures for the next two years, a package essential for Greece to receive the next installment of its vital
MADRID (AP) - Spanish telecommunications company Telefonica has agreed to sell its call center business Atento to private equity group Bain Capital for €1 billion ($1.3 billion) to lower debt.
Telefonica SA is trying to reduce its debts worth €58 billion ($75.2 billion) through the sale of non-
By JOSHUA FREEDAP Business Writer
Stocks closed out their worst week since June after investors looked over third-quarter corporate earnings reports and decided there wasn't much to get excited about.
The big indexes were mixed on Friday. But they were all down more than 2 percent for the
NEW YORK (AP) - Shares of Workday rocketed higher Friday in their first day of trading on the New York Stock Exchange.
Trading under the "WDAY" symbol, the stock climbed $20.69, or 74 percent, to close at $48.69. That's the fifth-biggest percentage gain on the first day of trading for any IPO
By ANNE D'INNOCENZIOAP Retail Writer
NEW YORK (AP) - A group of retailers and trade groups has launched a last-ditch effort to stop a settlement worth at least $6 billion that Visa Inc., MasterCard Inc. and major banks have agreed to pay retailers for alleged fee fixing.
Ten out of the 19
By The Associated Press
Stocks are opening mostly slightly higher on Wall Street, but the market is still headed for its worst week since early June.
The Dow Jones industrial average is up 36 points at 13,362 shortly after the opening bell Friday. Wal-Mart Stores was the biggest gainer in the
OKLAHOMA CITY (AP) - Oklahoma-based Devon Energy Corp. says it will close its office in Houston and transfer operations to Oklahoma City.
The oil and gas company has about 500 employees in its Houston office, which now serves as the operations center for Devon's oil and natural gas fields in
LOS ANGELES (AP) - AEG, the sports and entertainment giant that is up for sale, is making it easier to book concert and sports tickets for friends without having to pay for them all at once.
The owner of Staples Center and the National Hockey League's Los Angeles Kings is rolling out the
By TOM KRISHERAP Auto Writer
DETROIT (AP) - U.S. safety officials are investigating brake problems in the Honda Pilot SUV.
The probe covers nearly 88,000 Pilots from the 2005 model year. Investigators will determine if the problem is bad enough for Honda to recall the SUVs.
The Pilot is a big