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NEW YORK (AP) — Oil prices sank to their lowest point in weeks Friday as investors questioned whether crude has cooled enough to reflect a serious deterioration in demand. Earlier the contract dropped as far as $122.50, its...
Other commodities traded mixed. Gold for August delivery rose $3.50 to settle at $926.80 an ounce on the New York Mercantile Exchange, after earlier rising as high as $935.20 an ounce. Today in Business with Reuters The dollar...
TULSA, Okla. (AP)- - Federal regulators and the U.S. Attorney's Office opened an investigation into Tulsa-based SemGroup LP, which filed for bankruptcy this week after losing a reported $2.4 billion in hedged trading on the oil...
After weeks of one negative report after another, the U.S. economy finally got some news Friday that was not half bad. Military spending helped boost big-ticket factory orders in June, and new home sales fell less than...
In this June 25, 2008 file photo, weeds have taken over a street of available new homes at a Stratland Homes subdivision in Glibert, Ariz. Government data show sales of new homes fell in June for the seventh time in the past...
