Business
Stocks fade, post first weekly loss in a month
Stocks prices are closing mostly lower on Wall Street, giving the market its first weekly loss in a month. The Dow Jones industrial average edged up eight points to 15,303 Friday, a gain of 0.1 percent. The Dow was supported by a big gain in Procter & Gamble. The Standard ...
Oil ends week down 2 pct on tepid demand outlook
The price of oil fell 2 percent this week, as oil traders worried about global demand and shared the stock market's concerns about possible changes to the Federal Reserve economic stimulus program. The loss Friday was just 10 cents, to $94.15 a barrel. But four straight losses resulted in a ...
UK-bound Pakistan Plane Diverted, 2 Men Arrested
Two men were arrested on suspicion of endangering an aircraft Friday after a U.K. fighter jet was scrambled to divert their plane as it traveled from Pakistan to Britain, officials said. (May 24)
World stocks lower after big sell-off
World stocks edged lower on Friday, a day after markets around the world dropped sharply on concerns global growth is slowing and the Federal Reserve could start scaling back its monetary stimulus. Japan's Nikkei, which had led the previous day's losses with a plunge of over 7 percent, seesawed throughout ...
China, Switzerland to seal free trade deal
Chinese Premier Li Keqiang is in Switzerland to seal a free trade pact with the Alpine nation — the first comprehensive agreement his country has reached with a major western economy. Li met with Swiss officials in Zurich on Friday to conclude three years of negotiations. In an op-ed published ...
Q&A: On Turkey's proposed alcohol restrictions
A look at legislation passed in Turkey's parliament early Friday that would ban all alcohol advertising and tighten restrictions on the sale of such beverages, and how such a law could affect tourists and liquor companies in the mainly Muslim but secular country. Q: What happened? A: Tempers flared and ...
Slovenia adopts debt cap to stave off crisis
Slovenia's parliament on Friday adopted a cap on public spending to try to convince foreign investors that the small eurozone country will not need an international bailout. The 78-8 vote in the assembly means Slovenia's constitution will be changed to require that the government budget be balanced — that is, ...
China gives US regulators access to audit records
China has agreed to give U.S. regulators access to audit records for Chinese companies whose shares trade on U.S. stock exchanges, a step forward in a long-running dispute. The Public Company Accounting Oversight Board, a watchdog agency for the accounting industry, announced the agreement with China on Friday. The Securities ...
Stocks open lower, market headed for a weekly loss
Stocks are opening lower on Wall Street, putting the market on track for its first weekly loss after four weeks of gains. The Dow Jones industrial average was down 42 points at 15,251 shortly after the opening bell Friday, a loss of 0.3 percent. The Standard & Poor's 500 index ...
US durable goods orders rise 3.3 percent in April
U.S. orders for long-lasting manufactured goods rebounded in April, buoyed by more demand for aircraft and stronger business investment. The gains suggest economic growth may be holding steady this spring. Orders for durable goods, items expected to last at least three years, rose 3.3 percent last month from March, the ...
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