TheAssocPress

Article

TheAssocPress published an article 5:10 PM

GM Stock Rises Above $33 for First Time in 2 Years

The rising stock price may hasten the government's exit from owning shares.

Article

TheAssocPress published an article 4:48 PM

Transocean Shareholders Oust Chairman, Back Icahn Nominee

Stockholders vote against Carl Icahn's s proposal for a $4 dividend.

Article

TheAssocPress published an article 4:28 PM

Mexico Cuts Growth Outlook From 3.5% to 3.1%

Exports stagnated and first-quarter GDP figures came in weak.

Article

TheAssocPress published an article 4:20 PM

Gold Prices Sink for 7th Day

Investors have been pulling out of the gold market as the stock market keeps climbing and the dollar gains strength.

Article

TheAssocPress published an article 4:09 PM

A Year After IPO, Facebook Aims to Be Ad Colossus

At around $27 per share, the company's stock is down roughly 30 percent from its IPO price.

Article

TheAssocPress published an article 1:57 PM

Lew Tells Congress of Steps to Avoid Debt Default

Private economists have estimated that the government may be able to keep from breaching the debt limit until late October or November.

Article

TheAssocPress published an article 1:51 PM

U.S. Rig Count Is Unchanged at 1,769

Baker Hughes said Friday in its weekly report that 1,408 rigs were exploring for oil and another 354 for gas.

Article

TheAssocPress published an article 1:35 PM

Greece Faces Slow, Jobless Recovery Next Year

The European Commission issued the gloomy predictions Friday in a 237-page assessment of Greece's bailout agreement, as the country formally received its latest emergency loan payout, worth 4.2 billion euros ($5.4 billion).

Article

TheAssocPress published an article 12:32 PM

House Chairman Sees IRS Errors as Part of Pattern

At a session that saw the IRS face harsh criticism from members of both parties, the just-ousted acting chief of the agency, Steven Miller, expressed regret for the heightened reviews.

Article

TheAssocPress published an article 10:49 AM

Obama Focusing on Job Creation in Baltimore Visit

The White House said the trip is designed to focus on three areas of needed investment to grow the middle class -- jobs, skills, and opportunity.

Article

TheAssocPress published an article 3:53 PM

Oil Reverses Early Losses, Tops $95 a Barrel

Benchmark oil for June delivery rose 86 cents to close at $95.16per barrel on the New York Mercantile Exchange, after falling as low as $93.23.

Article

TheAssocPress published an article 3:46 PM

Senate Panel Considers Labor Board Nominees

The board has already been working under a cloud since January, when a federal appeals court said the president violated the Constitution by filling vacancies on the board through recess appointments without Senate confirmation.

Article

TheAssocPress published an article 3:19 PM

Gold Futures Fall for a Sixth Straight Day

June gold fell $9.30, or 0.7 percent, to $1,386.90 an ounce.

Article

TheAssocPress published an article 1:48 PM

Merkel, Hollande at Odds Over Europe's Way Forward

French President Francois Hollande argued that the 17-nation eurozone should integrate more, calling for greater pooling in the long run of political and financial resources.

Article

TheAssocPress published an article 1:11 PM

Cyprus May Presell Gas Reserves to Ease Crisis

Finance Minister Harris Georgiades also told the Associated Press in an interview Thursday that limits on bank transactions that were put in place last March to prevent a bank run will be fully lifted eventually, but authorities won't act "hastily."

Article

TheAssocPress published an article 11:22 AM

Ratings Firm Warns of Economic Slowdown in Russia

Russia has seen more than a decade of largely uninterrupted economic growth, thanks to its lucrative oil and gas industries, to become the world's eighth largest economy.

Article

TheAssocPress published an article 11:01 AM

Greek Strikes Halt Air Travel

The government is pursuing unpopular budget cuts to reduce debt as a condition of its international rescue package.

Article

TheAssocPress published an article 4:39 PM

Obama to Meet With Treasury Officials Over IRS

The meeting comes in the aftermath of an investigation by a Treasury inspector general that found that the IRS, in examining applications for tax exempt status, improperly selected conservative groups for further review.

Article

TheAssocPress published an article 4:01 PM

Gold Slumps Below $1,400 as U.S. Dollar Recovers

Gold for June delivery fell $28.30 to settle at $1,396.20 an ounce Wednesday, a decline of 2 percent.

Article

TheAssocPress published an article 3:17 PM

Oil Back Above $94 a Barrel After Early Loss

Benchmark oil for June delivery was up 9 cents to finish at $94.30 a barrel on the New York Mercantile Exchange. It fell as low as $92.13 in the morning before rising in tandem with U.S. stock markets.