Business

Business Oil price plunge a panacea for much of world economy Oil price plunge a panacea for much of world economy
A renewed plunge in oil prices is a worrying sign of weakness in the global economy that could shake governments dependent on oil revenues. Yet it is also a bonus for consumers as prices fall at the pump.
Business Black Friday special: Prison handicrafts Black Friday special: Prison handicrafts
Ken and Judy Carreras got up before sunrise and drove an hour to find their Black Friday treasure - an acorn-shaped birdfeeder crafted by an inmate at Maine State Prison.
Business European inflation dips again as energy costs tank European inflation dips again as energy costs tank
A fall in energy costs as a result of dramatic declines in oil markets has pushed inflation across the 18-country eurozone down to 0.3 percent in the year to November, official figures showed Friday.
Business U.S. orders for durable goods up 0.4 percent U.S. orders for durable goods up 0.4 percent
Orders to U.S. factories for long-lasting manufactured goods rose in October, but a key category that tracks business investment plans declined sharply for a second straight month.
Business U.S. economy grew at 3.9 percent rate in 3rd quarter U.S. economy grew at 3.9 percent rate in 3rd quarter
The U.S. economy grew at a solid 3.9 percent annual rate in the July-September period, even faster than first reported, giving the country its strongest six months of growth in more than a decade.
Business U.S. consumer confidence falls in November U.S. consumer confidence falls in November
U.S. consumer confidence fell in November following a big gain the previous month, as Americans became less bullish about the economy and jobs.
Business U.S. bank earnings up 7.3 percent in 3red quarter U.S. bank earnings up 7.3 percent in 3red quarter
U.S. bank earnings rose 7.3 percent in the July-September quarter from a year earlier, as banks reduced their expenses and continued to lend out more money, which help drive up revenue.
Business In wake of Spotify pullout, music industry debates streaming In wake of Spotify pullout, music industry debates streaming
From board rooms in Japan to songwriter's rooms in Nashville, a debate is brewing in music industry circles about the financial and creative value of streaming music, even as its popularity and impact skyrocket.
Business Japan's young fret as unexpected recession hits Japan's young fret as unexpected recession hits
When Prime Minister Shinzo Abe responded to Japan's surprise recession by delaying a sales-tax increase, it was a cause for worry, not celebration, for many young Japanese
Business Health care M&A leads global deal surge
Large drugmakers are buying and selling businesses to control costs and deploy surplus cash. A rising stock market, tax strategies and low interest rates are also fueling the mergers and acquisitions.
Business UK firms Aviva, Friends Life in $8.8B merger talks
Britain's Aviva says it is in talks to buy another insurer, Friends Life for over 5.6 billion pounds ($8.8 billion) in a deal that would create the country's leading insurance, savings and asset management company by number of customers.
Business Egypt to host major economic conference in March
Egypt's prime minister says his government will host a three-day international economic conference in the Red Sea resort of Sharm el-Sheikh starting March 13 to support the country's economy.
Business Study: CEOs in 10 big mergers to get $430 million Study: CEOs in 10 big mergers to get $430 million
This year's flurry of corporate mergers may not pay off for shareholders in the long run, but one thing is for sure: The bosses who are selling their companies will do just fine.
Business Colorado pot credit union could open next year Colorado pot credit union could open next year
Colorado has granted a charter for the first financial institution to serve the state's cash-only marijuana industry. But action by the National Credit Union Administration and the Federal Reserve is needed, and pot's still illegal under federal law.
Business Grocery chain's Christmas ad stirs tears, outrage Grocery chain's Christmas ad stirs tears, outrage (Video)
Artillery booms. A trench comes into view. Soldiers huddle into their overcoats for warmth. The scene is the unlikely backdrop for a holiday commercial that has many Britons reaching for hankies - and others demanding it be pulled from the air.