Business
Oil price falls below $96 a barrel
The price of oil fell Monday ahead of the release later this week of economic data from the U.S. and China, the world's two largest economies, and a speech by the Federal Reserve chief. Benchmark crude for June delivery was down 55 cents to $95.47 a barrel in electronic trading ...
Economists predict increase in consumer spending
Consumer spending is likely to pick up this year, while government spending declines at a faster rate, according to a survey of business economists. The economists predict that the U.S. economy will grow 2.4 percent this year and 3 percent next year. That's unchanged from their forecast in February. But ...
Ryanair keeps growing, reports record profits
Ryanair reported record profits Monday as Europe's largest budget airline relentlessly expanded its route network across the continent and into North Africa. The Dublin-based carrier's share price also surged to an all-time high after it predicted it would enjoy similar, if not better, earnings in the coming year. The company's ...
Raw: Accused US Spy Reportedly Leaves Russia
Russian TV aired video of the US Embassy employee accused of spying, leaving Russia. Russian television had video of Ryan Fogle at a Moscow airport. The US Embassy in Moscow has refused to comment on the case. (May 20)
China sentences underground bank operator to death
A businesswoman in southern China has been sentenced to death on charges of defrauding investors as the government tightens controls on informal financing that is widely used by entrepreneurs. Lin Haiyan was convicted of "illegal fundraising" for collecting 640 million yuan ($100 million) from investors by promising high returns and ...
Russian oligarchs foot most of 2014 Sochi Olympics
The mountains of Sochi are now home to Potanin's slope, Gazprom's gondola lift and Sberbank's ski jump. The nicknames used by locals and an army of construction workers leave no doubt about who is paying for the 2014 Winter Games: Russia's business powerhouses. Other countries that have hosted the Olympics ...
United to restart 787 flights on Monday
United Airlines is getting its 787s back in the air. The planes are returning after being grounded for four months by the federal government because of smoldering batteries on 787s owned by other airlines. The incidents included an emergency landing of one plane, and a fire on another. The incidents ...
'Trek' does $70.6M but falls short of studio hopes
"Star Trek: Into Darkness" has warped its way to a $70.6 million domestic launch from Friday to Sunday, though it's not setting any light-speed records with a debut that's lower than the studio's expectations. The latest voyage of the starship Enterprise fell short of its predecessor, 2009's "Star Trek," which ...
US gas prices up 11 cents over past 2 weeks
The average U.S. price of a gallon of gasoline has jumped 11 cents over the past two weeks. The Lundberg Survey of fuel prices released Sunday says the price of a gallon of regular is $3.66. Midgrade costs an average of $3.84 a gallon, and premium is $3.98. Diesel held ...
Consumer group flags high SPF ratings on sunscreen
Sunbathers headed to the beach this summer will find new sunscreen labels on store shelves that are designed to make the products more effective and easier to use. But despite those long-awaited changes, many sunscreens continue to carry SPF ratings that some experts consider misleading and potentially dangerous, according to ...
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