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Traders on the floor of the New York Stock Exchange yesterday. The Dow Jones industrial average gained 125.71 points. (Spencer Platt/Getty Images) By Christine Hauser Stocks in the United States ended higher yesterday, not quite recovering from one of ... Paul Sakuma/Associated PressRalcorp plans to spin off Post Cereals as it seeks to fend off ConAgra. The move again raised the possibility that ConAgra may finally turn its bid hostile, having now been rebuffed by Ralcorp ... Even though the price of crude oil recently dropped to its lowest level in 31 years, consumers are not getting much relief at the pump. About 45000 Verizon employees, including 6000 in Massachusetts, went on strike Sunday, after contract talks failed. (Stephen Yang/Bloomberg News) By Taryn Luna The Communications Workers of America and Verizon Communications Inc. accused each other of ... The Securities and Exchange Commission is reviewing the method Standard amp; Poors used to cut the USs credit rating and whether the firm properly protected the confidential decision, according to a person ... NEW YORK (Dow Jones)--Gold logged its second straight day of losses as some investors cashed in recent gains while others grew more confident and ventured away from the safe haven to riskier assets like ... Traders work at the Bolsas y Mercados stock exchange in Madrid on April 30, 2010. Photographer: Denis Doyle/Bloomberg Aug. 12 (Bloomberg) -- Steven Maijoor, chairman of the European ... Oil has been leaking from a Royal Dutch Shell pipeline in the North Sea for a day, not long since problems with gas leaks and corroded equipment at its nearby Brent field. Unions reacted furiously Friday to a proposal by the Postal Service to lay off 120000 workers by breaking labor contracts and to shift workers out of the federal employee health and retirement plans into cheaper ... AP / August 13, 2011 BIRMINGHAM, Ala. - Leaders of Alabamas most populous county voted unanimously yesterday to reject a settlement with Wall Street creditors to pay off more than $3.1 billion in debt and bought more time to avoid what ... ROME - Scrambling to fend off a sovereign debt crisis, the Italian government on Friday approved $65 billion in additional emergency austerity measures over the next two years, including tax increases and cuts to local government in ... By REUTERS Consumer sentiment worsened sharply in early August, falling to the lowest level in more than three decades, even though retail sales posted the biggest gains in four months in July, separate reports on Friday showed. The yen gained versus the dollar, approaching the strongest level since World War II, as the Standard amp; Poors downgrade of the US and concern Europes sovereign-debt crisis is worsening boosted demand ... US military officials have lost contact with the fastest plane ever built during a hypersonic test flight over the Pacific on Thursday. By AP The JC Penney Company reported a flat second-quarter profit on Friday after aggressively marking down prices on fashions to persuade its middle-income shoppers to keep spending in an increasingly uncertain economy. First National Bank of Olathe, Johnson Countys oldest nationally chartered bank, was closed by regulators Friday. Its assets were taken over by Enterprise Bank amp; Trust of Clayton, Mo. MADRID - The new Portuguese government has made “a good start” to lowering its budget deficit and meeting the economic overhaul pledged in return for a bailout of 78 billion euros, or $111 billion, the countrys financial rescuers ... Aug. 8 (Bloomberg) -- Adam Sieminski, chief energy economist at Deutsche Bank AG, talks about the outlook for oil demand and prices.
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