Oil price up on Russia tensions
Oil prices shot up more than $5 a barrel Thursday, rising to the highest level in over two weeks as escalating tensions with Russia stoked fears of supply disruptions to the West.
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Oil prices shot up more than $5 a barrel Thursday, rising to the highest level in over two weeks as escalating tensions with Russia stoked fears of supply disruptions to the West.
Popularity: 94% [?]
Billionaire investor Warren Buffett said Friday the U.S. economy continues to be in a recession, by his definition, and will continue to be for at least several more months.
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Japan is drawing up an economic stimulus package worth eight trillion yen ($73 billion) to help businesses and consumers cope with soaring fuel and commodity prices, news reports said Saturday.
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U.S. factories saw a surprisingly hefty increase in their orders for big-ticket products in July, reflecting continued strength in export sales and a boost to business investment from the government’s tax stimulus package.
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Oil prices spiked to over US$118 a barrel Wednesday on growing concerns that Tropical Storm Gustav may disrupt operations in the Gulf of Mexico, home to a quarter of U.S. crude production. A weaker dollar also helped lift prices.
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A federal jury awarded Mattel Inc. $100 million in damages after a serious girl fight between the house of Barbie and the maker of her chief rival, the pouty-lipped Bratz dolls.
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Federal Deposit Insurance Corp (FDIC) might have to borrow money from the Treasury Department to see it through an expected wave of bank failures, the Wall Street Journal reported.
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