Citgo halts U.S. oil program
Venezuelas Citgo Petroleum is suspending a program that provides discounted home heating oil to lower-income residents in U.S. communities, an energy group announced Monday.
U.S. Congress looks into Madoff
Lawmakers took a hard look Monday at the alleged $50 billion investment scam engineered by Bernard Madoff that has sent shock waves across the nations already fragile financial system.
Global markets build on gains
European stocks traded mostly higher Tuesday morning, adding to Mondays gains. London, Paris and Frankfurt were all up about half a percent.
Apples Macworld keynote raises speculation
When Apple vice president Philip Schiller takes the stage here Tuesday morning for the keynote address at the Macworld Conference & Expo, hell face a good-news, bad-news scenario.
Obama: $300 billion in tax cuts
U.S. President-elect Barack Obama launched his campaign for a massive package of tax cuts and spending proposals aimed at reviving an economy mired in recession.
U.S. economic stimulus meeting raises hopes
Congressional leaders from both parties are optimistic that U.S. President-elect Barack Obamas package of tax cuts and spending proposals will revive the beleaguered economy.
Major automakers report U.S. sales plunge
Huge rebates and zero-percent loans couldnt overcome economic uncertainty as U.S. auto sales plunged 36 percent in December, capping a dismal year.
Apples Steve Jobs will stay as CEO
Apple founder and CEO Steve Jobs, looking to quell rumors about his health, said Monday his doctors have discovered a hormonal imbalance that has been causing his weight loss.
AdBlog: Wake us when its over
Ads of the Weird: Sprint tries to bore you into buying their service.
Manhattan luxury housing feeling the pinch
In what seemed like a New York-minute, prices of luxury homes in Manhattan are suddenly falling.
Prosecutor wants Madoff jailed immediately
A prosecutor says disgraced financier Bernard Madoff violated bail conditions by mailing about $1 million worth of jewelry and other assets to relatives, and wants him jailed.
Pending home sales plunge to record low
Pending sales of existing U.S. homes dropped to a seven-year low in November, data showed on Tuesday.
Oil gives up early gains after economic news
Oil prices neared $50 a barrel amid signs OPEC is implementing its announced production cuts and as Israels ground offensive in Gaza kept tensions high in the oil-rich Middle East.
Services sector contraction slows in Dec.
An index of activity in the U.S. services sector contracted at a slower pace in December as new orders and employment improved.
Factory orders plunge in November
Orders to factories fell for a record fourth straight month in November, reflecting the intensifying effects of the countrys steep recession.
Stocks trim gains after mixed economic data
Wall Street proceeded cautiously Tuesday, with stocks rising moderately following disappointing readings on pending home sales and factory orders.
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