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Oil falls below $94 on weak outlook for demand

By PAMELA SAMPSON, AP Business Writer | May 24 at 1:03 a.m.

The price of oil was knocked lower Friday by a combination of ample supplies and lukewarm demand.

Rue21 agrees to go private in nearly $1B deal

The Associated Press | May 23 at 11:03 a.m.

Clothing and accessories company Rue21 has agreed to be taken private in nearly $1 billion deal with private equity firm Apax Partners.

Procter & Gamble brings back A.G. Lafley as CEO

By MAE ANDERSON, AP Business Writer | May 23 at 9:04 p.m.

Procter & Gamble Co. is bringing back its former CEO, as the world's largest consumer-products maker tries to spur global growth.

ECB's Draghi: 'Imperative' to set up new bank body

By DAVID McHUGH, AP Business Writer | May 23 at 4:44 p.m.

European Central Bank President Mario Draghi said it was "imperative" that Europe's leaders create a new agency with powers to restructure busted banks in order to help the region leave its economic and financial crisis behind it once and for all.

News Summary: J&J predicts surge of new medicines

The Associated Press | May 23 at 3:49 p.m.

BIG PLANS: Johnson & Johnson says it's poised by 2017 to seek regulatory approval for a dozen new medicines and two dozen variations of existing ones.

News Summary: US mortgage rates up, but still low

The Associated Press | May 23 at 2:44 p.m.

RATES RISE: Average U.S. rates on fixed mortgages rose this week to their highest levels since mid-March. Even with the gains, they remained close to historic lows.

Kerry Kennedy, farmworker protest Wendy's in NYC

The Associated Press | May 23 at 12:43 p.m.

Kerry Kennedy has joined farmworkers protesting outside Wendy's shareholder meeting in New York City.

CEO raises, pay cuts; What a change 1 year makes

The Associated Press | May 23 at 10:43 a.m.

Here's a look at the CEOs that received the biggest raises and the biggest pay cuts in 2012 compared with 2011, as calculated by the executive pay research firm Equilar and The Associated Press.

How The AP and Equilar calculate CEO pay

The Associated Press | May 22 at 2:43 p.m.

For its annual survey of CEO pay, The Associated Press uses data provided by Equilar, an executive pay research firm.

Target's 1Q profit drops 29 pct on weak sales

By ANNE D'INNOCENZIO, AP Retail Writer | May 22 at 4:24 p.m.

Target Corp. reported a 29 percent drop in first-quarter profit as unusually cool spring weather and financial pressures chilled customers' appetite for spending.

How the Dow Jones industrial average fared

The Associated Press | May 23 at 4:44 p.m.

Investors recovered their poise after a shaky start to trading on Wall Street that sent stocks sharply lower. The dip gave investors who missed this year's stock market surge an opportunity to get into the market, and by midday stocks had recouped most of their early losses. The Dow was down as much as 127 points.

South Korea trade deal produces bleak first-year results for U.S.

By Rob Hotakainen, McClatchy Washington Bureau | May 22 at 6:33 p.m.

More than a year after it took effect, a highly touted trade deal with South Korea has failed to produce as expected for the U.S.: Exports are down, imports are up and the trade deficit with the Asian economic powerhouse has ballooned.

Fed weighed slowing its pace of bond purchases

By MARTIN CRUTSINGER, AP Economics Writer | May 22 at 1:54 p.m.

Several Federal Reserve policymakers this month favored slowing the Fed's efforts to maintain record-low long-term interest rates as early as June - if the economy showed strong and sustained growth. But those officials appeared at odds over what evidence would demonstrate such gains.

AAA: 31.2M drivers to take Memorial Day road trip

By SCOTT MAYEROWITZ, AP Business Writer | May 22 at 10:15 a.m.

It's going to be another busy Memorial Day weekend on the nation's highways.

IMF calls on Britain to do more for growth

By DANICA KIRKA, Associated Press | May 22 at 10:35 a.m.

The International Monetary Fund has called on Britain to do more to support the economic recovery, urging the government Wednesday to speed up investment in infrastructure and come up with a plan to privatize its bailed out banks.

A divided Fed wrestles with when to slow bond buys

By MARTIN CRUTSINGER, AP Economics Writer | May 22 at 4:03 p.m.

The Federal Reserve is torn over when to slow its aggressive efforts to stimulate the economy.

Fiat Industrial aims to shift tax home to Britain

By COLLEEN BARRY, AP Business Writer | May 22 at 2:03 p.m.

Fiat Industrial disputed as "absolutely false" reports Wednesday that Italy would lose 500 million euros ($646 million) in tax revenues if it moves its tax base to Britain after it completes a merger with its U.S.-based subsidiary CNH Global NV.

Oil falls near $94 on small drop in supplies

By PABLO GORONDI, The Associated Press | May 22 at 2:09 p.m.

The price of oil fell near $94 a barrel Wednesday as the nation's oil supply fell less than expected and demand for gasoline remained weak.

Evian giving its water bottle a makeover

By CANDICE CHOI, AP Food Industry Writer | May 22 at 8:45 a.m.

Evian is giving itself a facelift to keep up with its sleek, young competitors on store shelves.

Bernanke signals Fed to maintain stimulus efforts

By MARTIN CRUTSINGER, AP Economics Writer | May 22 at 1:34 p.m.

Chairman Ben Bernanke told Congress Wednesday that the U.S. job market remains weak and that it is too soon for the Federal Reserve to slow its extraordinary stimulus programs.

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