Adam Schreck | 11:14 AM PDT
NEW YORK -- Oil prices remained high Friday after Saudi Arabia's oil minister said the oil-rich nation boosted production by 300,000 barrels per day last week in response to requests from customers.
H. Josef Hebert | 2:40 PM PDT
WASHINGTON -- The Energy Department says it has canceled oil shipments into the Strategic Petroleum Reserve beginning in July when the current purchase contract expires.
Jennifer Loven | 12:21 PM PDT
RIYADH, SAUDI ARABIA -- Saudi Arabia's leaders made clear Friday they see no reason to increase oil production until customers demand it, apparently rebuffing President Bush amid soaring U.S. gasoline prices.
Tim Paradis | 2:04 PM PDT
NEW YORK -- Wall Street pulled off its lows to finished narrowly mixed Friday as investors squared concerns about rising oil prices with a surprise jump in home construction.
Martin Crutsinger | 11:09 AM PDT
WASHINGTON -- Construction of new homes posted the biggest increase in more than two years in April. While it was a rare spot of good news for the housing market, analysts said it's far too soon to declare an end to the prolonged slump.
LOS ANGELES -- More U.S. homeowners fell behind on mortgage
payments last month, driving the number of homes facing foreclosure
up 65 percent versus the same month last year and contributing to a
deepening slide in home values, a research company said Tuesday.
Ken Thomas | 10:39 AM PDT
WASHINGTON -- The 2008 Smart fortwo micro car, the smallest car for sale in the U.S. market, has earned top scores in crash tests conducted by the insurance industry.
Alan Fram | 8:33 AM PDT
For nearly three in 10 households, don't even
bother trying to call them on a landline phone. They either only
have a cell phone or seldom if ever take calls on their traditional
phone.
San Francisco -- Apple Inc. said Monday its online stores in the U.S. and U.K. are sold out of the iPhone, a sign supplies are being winnowed ahead of the launch of the device's next generation featuring faster Internet surfing speeds.
New York -- Research In Motion Ltd. on Monday is introducing its first major new BlackBerry model in more than a year: the Bold, a high-end model that further demonstrates the company's desire to make tools for both work and play.
Consumers gave some of the nation's retailers a
little relief in April after months of dismal sales, gravitating
toward less expensive discounters and wholesale clubs but generally
still shying away from stores selling clothes and other
non-necessities.
Martin Crutsinger | 8:59 AM PDT
The number of newly laid off workers seeking
unemployment benefits dropped much more than expected last week.
Julie Hirschfeld Davis | 9:05 AM PDT
Strapped homeowners could refinance into government-backed mortgages and states would get money to deal with foreclosed property under Democrats' housing aid plan.
The worst of the credit crisis may have
passed, Treasury Secretary Henry Paulson said Wednesday, while
acknowledging that rising gas prices will blunt the effect of 130
million economic stimulus checks. He ruled out a second stimulus
package for now.
Richard Richtmyer | 11:51 AM PDT
As other cars zipped by at 70 mph or more, Mike Papin and his wife, Joann, kept rolling along just below the 65 mph limit as they made their way from their winter home in Florida to a summer place in Vermont.
NEW YORK -- It's going to cost you even more for a fill-up
today. Triple-A this morning puts the price of gas at a national
average of just over $3.77 for a gallon of regular. Premium is a
whopping $4.15.
Investors are trashing Yahoo shares,
sending them down 19.7 percent in early trading.
Michelle Lockee | 2:03 PM PDT
April was a cruel month for California
winemakers, bringing a series of unusually late frosts to vineyards
baring the tender, green shoots of spring.
Torrance - Exxon Mobil is offering financial assistance to 19 homeowners after toxic chemicals were found in the soil of a neighborhood near its Torrance gasoline refinery.
Jeannine Aversa | 6:12 AM PDT
Employers cut far fewer jobs in April than in
recent months and the unemployment rate dropped to 5 percent, a
better-than-expected showing that nonetheless still revealed
strains in the nation's crucial labor market.
Drivers have long known that slowing down on the
highway means getting more miles to the gallon. Now airlines are
trying it, too - adding a few minutes to flights to save millions
on fuel.
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