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US factory output falls 0.4 percent in April
U.S. manufacturers cut back on production in April, as auto companies cranked out fewer cars, factories made fewer consumer goods and most other industries reduced output. The weakness suggests economic growth may be slowing. The Federal Reserve said Wednesday that factory output dropped 0.4 percent in April, the third decline ...
Oil falls below $93 on Europe, US economic news
The price of oil fell below $93 on Wednesday after disappointing economic reports from Europe and the U.S. By late morning in New York, benchmark oil for June delivery was down $1.78 to $92.41 a barrel. That marks five straight days of declines after oil rose above $96 last week. ...
Oil falls below $93 on Europe, US economic news
The price of oil fell below $93 on Wednesday after disappointing economic reports from Europe and the U.S. By late morning in New York, benchmark oil for June delivery was down $1.82 to $92.39 a barrel. That marks five straight days of declines after oil rose above $96 last week. ...
Business Highlights
___ US boom transforming global oil trade NEW YORK (AP) — The surge in oil production in the U.S. and Canada and shrinking oil consumption in the developed world is transforming the global oil market. The threat of chronic oil shortages is all but gone, U.S. dependence on Middle Eastern ...
Oil slides as IEA sees US output rising
The price of oil slid by nearly $1 a barrel Tuesday as the International Energy Agency raised its forecast for U.S. oil production while cutting its prediction for global crude demand. Benchmark oil for June delivery dropped 96 cents to close at $94.21 a barrel on the New York Mercantile ...
Oil slides below $95 as US oil output seen rising
The price of oil slid below $95 a barrel on Tuesday as the International Energy Agency raised its U.S. oil production forecasts and cut its prediction for global crude demand. By early afternoon in Europe, benchmark oil for June delivery was down 44 cents to $94.73 a barrel in electronic ...
Nissan chief welcomes yen fall for luxury brand
Nissan Motor Co. President Carlos Ghosn welcomed the yen's recent decline to what he called "neutral" levels for the Japanese automaker's profitability, but said Tuesday it must drop further to be "normal." "The abnormal situation of the yen is hopefully something of the past," he told reporters at the roll-off ...
Oil slides below $95 as US oil output seen rising
The price of oil slid below $95 a barrel on Tuesday as the International Energy Agency raised its U.S. oil production forecasts and cut its prediction for global crude demand. By early afternoon in Europe, benchmark oil for June delivery was down 44 cents to $94.73 a barrel in electronic ...
US retail sales rise in April on cars, clothing
Lower-priced gas allowed Americans to step up their spending at retailers in April, from cars and clothes to electronics and appliances. The rebound from a weak March suggests consumers remain resilient in the face of higher taxes and could continue to drive economic growth this spring. Retail sales edged up ...
US business stockpiles flat in March, sales fall
U.S. businesses left their stockpiles unchanged in March for a second straight month while their sales fell sharply. The Commerce Department said Monday that business stockpiles showed no increase in March on a seasonally adjusted basis. Businesses hadn't upped their restocking in February, either. Sales fell 1.1 percent in March, ...
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