Business
U.S. Stock Futures Rally After GDP Reading, Jobless Claims
NEW YORK — U.S. stock futures jumped up on Thursday, as the an unchanged final reading of fourth-quarter growth and a drop in jobless claims eased concerns about the economy. Futures for the Dow Jones Industrial Average was up 92 points at 12,475, compared to 12,410 ahead of the data. Futures for the S&P 500 […]
The European Central Bank, Bank of England Hold Key Interest Rate Steady
FRANKFURT, Germany — The European Central Bank and Bank of England left their benchmark interest rates unchanged on Thursday — and the ECB president suggested the bank was unlikely to cut rates anytime soon.
The ECB’s refinancing rate remained unchanged at 4%, while the Bank of England left its key rate at 5.
Oil steadies above $102 a barrel
SINGAPORE (AP) Oil prices held steady Tuesday in Asia after blasting overnight to a record near USD 104 a barrel and then falling back.
Oil futures — propelled by the weak U.S. bucks — climbed past USD 103.76 a barrel Monday on the New York Mercantile Exchange, breaking what plenty of analysts consider to be […]
The 15-minute Tip: 3 Big Reasons To Bank Online
NEW YORK — I’ve written about online banking before. But as I look around today and read the latest market research, it’s really gone mainstream. And if you have not yet waded into this stream, you’re falling pretty far behind the curve.
It’s a little like how we all embraced digital photography. A few of us […]
Anglo Irish Bank: Loan Growth Slowing, Takes SIV Write-down
LONDON — Anglo Irish Bank said net loan growth in the six months to March 31 will fall up to 31% from the preceding half year, as it takes a “highly selective and cautious approach” to new lending. The 15-month housing sector slowdown in Ireland is close to bottoming out, it said, though it’s exercising […]
Food prices rising across the world
MEXICO CITY, Mexico (AP) If you’re seeing your grocery bill go up, you’re not alone.
Protesters share a loaf of bread in Cairo, Egypt, while demonstrating against high food prices.
From subsistence farmers eating rice in Ecuador to gourmets feasting on escargot in France, consumers worldwide face rising food prices in what analysts call a perfect […]
Sunrise Senior Living Gets 10-K Filing Extension From NYSE
NEW YORK - Sunrise Senior Living Inc. said Wednesday that it is working “diligently” to complete its 2006 Form 10-K and the New York Stock Exchange has agreed to extend trading in the company’s common stock through the balance of the week. If the kind is not completed the NYSE will suspend trading of the […]
Oil execs grilled on gas prices
Big Oil execs testified before the Senate Tuesday, saying high oil prices were largely out of their control and more drilling in the U.S. is needed. The record-high price of gasoline is putting a strain on American motorists - and spurring some to shift their habits. Here are their stories.
NEW YORK (CNNMoney.
China inflation at near decade-high levels
BEIJING, China (AP) — China’s inflation rebounded in April to near decade-high levels, adding to pressure on Beijing to cool rapid price rises and avert possible unrest ahead of the Summer Olympics, according to official data reported Monday.
Consumer prices in April were up 8.5 percent compared with the same days last year, the National […]
Asian markets soar on Fed rate cuts
TOKYO, Japan (AP) Asian stock markets opened sharply higher Wednesday as investors welcomed a hefty U.S. interest rate cut and a rally on Wall Street overnight.
Japan’s Nikkei jumped 2.8 percent at the end of the morning’s trading session.
Sentiment was also lifted by better-than-expected earnings from major U.
