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Tuesday, September 01, 2015, 3:23 p.m.
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OPEC's unity call buoys crude prices

posted: 09/01/2015 5:25 a.m. Discuss

OPEC, the producer of 40 percent of the world's oil, said Monday that it is ready to talk to other crude exporters to achieve "fair and reasonable prices," according to the group's monthly magazine.

Money rigging inquiry widens

posted: 09/01/2015 2:56 a.m. Discuss

U.S. prosecutors have expanded their investigation of currency-market manipulation by some of the world's largest banks to include the Russian ruble and Brazilian real, according to two people familiar with the matter.

Famed Tokyo hotel to be razed, rebuilt

posted: 09/01/2015 2:53 a.m. Discuss

The Hotel Okura, a favored Tokyo lodging for U.S. presidents, movie stars and other celebrities, closed the doors of its landmark half-century-old main building Monday to make way for a pair of glass towers ahead of the 2020 Olympics.

August's 0.2% inflation nudges eurozone toward stimulus

posted: 09/01/2015 2:50 a.m. Discuss

Inflation in the 19-nation eurozone was stable in August at an annual rate of 0.2 percent, an official report shows -- another weak figure that puts the European Central Bank closer to doing more economic stimulus.

Market report: Jumpy markets end August down

posted: 09/01/2015 2:22 a.m. Discuss

Fear about a slowdown in China's economy and concerns about when the Federal Reserve will raise interest rates pushed stocks sharply lower in August.

Island's governor puts off debt plan

posted: 09/01/2015 2:19 a.m. Discuss

Puerto Rico bondholders are being left with more questions than answers for as much as a week longer after Gov. Alejandro Garcia Padilla gave advisers more time to work on a proposal to restructure the commonwealth's $72 billion debt burden.

Business news in brief: Baker Hughes lays off 28 in Shreveport

posted: 09/01/2015 1:59 a.m. Discuss

A corporation that provides services for the oil and gas industry is laying off 28 employees at its Shreveport facility. Baker Hughes notified the state of the layoffs in a letter late last week.

U.S. sugar program snags Pacific trade talks

posted: 08/31/2015 2:40 a.m. Discuss

A sweet deal for American sugar farmers is compounding delays in a proposed trade agreement affecting 40 percent of the world's economy.

Sanctions off, Iran forecasts 6% economic growth for '16

posted: 08/31/2015 2:34 a.m. Discuss

Iran expects its economic growth to accelerate next year as the removal of sanctions under a nuclear agreement offsets a global slump in oil prices, a top aide to President Hassan Rouhani said.

Russians face price surge triggered by falling ruble

posted: 08/31/2015 2:29 a.m. Discuss

Russia's retailers may be forced to raise prices further after the ruble's slump this month, creating pain for consumers, according to retailers that reported earnings this week.

Business news in brief: Disney plans all-out 'Star Wars' toys push

posted: 08/31/2015 2:09 a.m. Discuss

For "Star Wars" fans, Christmas is coming early this year: on Friday, when the toys tied to Walt Disney Co.'s first film in the space-adventure series go on sale.

Low oil prices will linger longer

posted: 08/30/2015 3:13 a.m. Comment 1

When crude prices first plummeted last year in the face of a global oil glut, OPEC had one response: Keep pumping oil.

Walther Arms designs .45-caliber ACP gun

posted: 08/30/2015 3:06 a.m. Discuss

Famous for making the pistols carried by British secret agent James Bond, German gun-maker Walther is releasing its PPQ handgun chambered in the American .45-caliber ACP cartridge.

Iron market lays an egg, so miner sells them

posted: 08/30/2015 3:01 a.m. Discuss

The iron-ore business is so lousy that one Canadian mining company is shelving its biggest project and starting a new venture: selling Australian eggs to China.

Job market trends speak well for translators

posted: 08/30/2015 2:59 a.m. Discuss

When Dawn Taylor, 37, a doctoral candidate at Pennsylvania State University, started her part-time translation business in February 2013, she earned $15,000 that year.

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