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AP - Oil prices hovered above $81 a barrel Wednesday in Asia after a report showed mixed evidence about U.S. crude demand.
Categories: BUSINESS
AFP - Talk of a European version of the International Monetary Fund to rescue errant EU states is little more than a distracting sideshow, analysts and a key central banker say.
Categories: BUSINESS
Reuters - U.S. safety regulators and Toyota dispatched teams on Tuesday to inspect a Prius that sped out of control on a California freeway a day earlier, as the automaker struggled to reassure consumers shaken by its recall crisis.
Categories: BUSINESS
AP - China's exports grew strongly in February in a new sign of a rebound in global demand, government figures showed Wednesday.
Categories: BUSINESS
Reuters - Oil fell for a second day on Wednesday after an industry report showed U.S. crude stockpiles jumped more than expected last week, dampening hopes of a strong recovery of demand in the world's top user.
Categories: BUSINESS
AP - The luxury apartment buildings Yang Xuhua passes on her way to work are a daily reminder of her own frustrated efforts to buy a home. Prices for even modest apartments in Shanghai have soared, putting home purchases out of reach for white collar workers and professionals.
Categories: BUSINESS
AP - The government sent investigators Tuesday to examine a Prius that sped out of control on a California freeway, and Toyota said it wanted to interview the driver as the besieged automaker dealt with a high-profile new headache that raised questions about the safety of its beloved hybrid.
Categories: BUSINESS
AP - President Barack Obama stood with Greek Prime Minister George Papandreou on Tuesday and pledged that the United States would work with its ally, even as Greece's enormous debts sparked frenzied trading.
Categories: BUSINESS
AP - European officials urged the U.S. to join in a crackdown on speculators who bet against Europe's currency union, warning they might ban some credit default swaps — opaque financial instruments blamed for worsening the world financial crisis.
Categories: BUSINESS
AP - Asian stock markets were little moved in early trading Wednesday after investors in the U.S. seemed to pause and look back on a year of recovery from the market's 12-year lows.
Categories: BUSINESS
AP - ICF International Inc.'s quarterly profit ticked higher as the company benefited from a lower tax rate and higher revenue from its consulting and technology services.
Categories: BUSINESS
AP - Dollar General Corp. has filed a federal lawsuit against rival discount chain Fred's Inc., claiming the smaller company is using its trademark yellow and black colors.
Categories: BUSINESS
AP - As the economy recovers, energy prices are rising and that is placing extra strain on families' budgets.
Categories: BUSINESS
AFP - Visiting US Commerce Secretary Gary Locke said Tuesday that Washington was seeking talks with Brazil before it imposes retaliatory trade tariffs for US cotton subsidies the WTO ruled as discriminatory.
Categories: BUSINESS
AP - Flow International Inc., which makes water jet machines for cutting and cleaning applications, said Tuesday it narrowed its loss in the third quarter, compared with a year-ago quarter weighed by a hefty charge.
Categories: BUSINESS
Reuters - Apparel retailer J Crew Group Inc on Tuesday posted a net profit in its holiday quarter that beat Wall Street estimates, helped by tight inventory and double-digit sales growth.
Categories: BUSINESS
AP - Job openings rose sharply earlier this year, evidence that employers are slowly ramping up hiring as the economy improves.
Categories: BUSINESS
AP - The government sent investigators Tuesday to examine a Prius that sped out of control on a California freeway, and Toyota said it wanted to interview the driver as the besieged automaker dealt with a high-profile new headache that raised questions about the safety of its beloved hybrid.
Categories: BUSINESS
Reuters - The shares of companies bailed out by the U.S. government during the financial crisis surged on Tuesday, fueled by speculation about money-making asset sales, cheap valuations and a recovery.
Categories: BUSINESS
AP - As the economy recovers, energy prices are rising and that is placing extra strain on families' budgets.
Categories: BUSINESS
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