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Oil Starts Week At Lowest Level In 2012

Posted: 05/14/2012 - The price of oil has declined to its low for the year on continued doubts about Europe's ability to pay off massive government debts.

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Kan. Lawmakers Resuming Talks On Cutting Taxes

Posted: 05/14/2012 - Kansas legislators are resuming work on proposals to reduce sales and income taxes even though they've already approved a package of aggressive tax cuts.

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White House Says Bank Loss Shows Need For Rules

Posted: 05/14/2012 - The White House says a $2 billion trading blunder by JPMorgan Chase shows the continued need for rules that protect the taxpayer when Wall Street makes mistakes.

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Best Buy Chairman Steps Down After CEO Probe

Posted: 05/14/2012 - Best Buy's founder Richard Schulze is stepping down as chairman after an investigation found that he knew that the CEO was having a relationship with a female employee and did not alert the audit committee.

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Nissan Profit Soars On Record Sales Amid Disaster

Posted: 05/11/2012 - Nissan Motor Co.'s January-March profit has more than doubled to $941 million as the Japanese automaker achieved record sales despite production disruptions from last year's tsunami.

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Postal Service Loses $3.2 Billion In 2nd Quarter

Posted: 05/10/2012 - The ailing U.S. Postal Service is reporting quarterly losses of $3.2 billion, brought on by declining mail volume and mounting costs for future retiree health benefits.

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Rate On 30-Year Mortgage Hits New Record Rates

Posted: 05/10/2012 - Average U.S. rates for 30-year and 15-year fixed mortgages fell to fresh record lows this week, making home-buying and refinancing more affordable than ever for those who can qualify.

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Applications For Unemployment Aid Fall

Posted: 05/10/2012 - The number of people applying for U.S. unemployment benefits ticked down last week after dropping sharply the previous week, evidence hiring could pick up this month.

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Honda Wins Appeal Of Small-Claims Hybrid Judgment

Posted: 05/09/2012 - A Los Angeles County judge has overturned a nearly $10,000 small-claims judgment against American Honda Motor Co. that was won by a car owner who said the automaker misrepresented the gas mileage of her hybrid Civic.

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U.S. Casinos Slowly Coming Back From Recession Woes

Posted: 05/09/2012 - The nation's commercial casinos continued their slow-but-steady comeback from the recession last year, with revenues up 3 percent nationwide and jobs holding nearly steady.

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Postal Service: Will Keep Rural Post Offices Open

Updated: 05/09/2012 - The struggling U.S. Postal Service is trying to tamp down concern over its wide-scale cuts, saying it will seek to keep hundreds of rural post offices open with shorter hours.

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Toyota Quarterly Profit Quadruples On Recovery

Posted: 05/09/2012 - Toyota is reporting January-March profit more than quadrupled to $1.5 billion from the previous year, capping off a hardship-filled year battered by the tsunami in Japan.

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Money Matters: Shopping Traps

Posted: 05/09/2012 - Everyone likes to shop once in a while. But there are some simple ways that you can cut costs.

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U.S. Employers Posted 3.74 Million March Jobs

Posted: 05/08/2012 - U.S. companies in March posted the highest number of job openings in nearly four years, a sign that hiring could strengthen in the coming months after slowing this spring.

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McDonald's April Sales Rise But Miss Expectations

Posted: 05/08/2012 - The world's largest hamburger chain says global sales rose 3.3 percent at stores open at least 13 months. But Thomson Reuters says analysts expected a 4.1 percent rise.

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U.S. Consumers Upped Their Borrowing In March

Posted: 05/07/2012 - The Federal Reserve says total consumer borrowing rose $21.4 billion in March, the seventh straight monthly increase and the biggest since November 2001.

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Inch By Inch, Jobs Lost To Recession Trickle Back

Posted: 05/04/2012 - U.S. job growth slumped in April for a second straight month. It suggested an economy that is growing steadily but still sluggishly, which could tighten the presidential race.

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