Economy

The price of oil is struggling for direction as OPEC ministers debate how much oil to produce while global economic growth is slowing.

Benchmark crude rose 10 cents to $82.72 per barrel Thursday in New York

Read More|Comment

BERLIN (AP) — German Chancellor Angela Merkel is holding talks with the country's opposition leaders to forge a compromise on proposals for a European growth initiative.

Her center-right government needs the support of opposition parties to secure a two-thirds majority for the EU's new treaty enshrining fiscal discipline in Parliament

Read More|Comment

The price of oil is rising ahead of a key OPEC meeting in Vienna.

Benchmark oil increased 64 cents to $83.34 per barrel Tuesday in New York. Brent crude fell 50 cents to $97.50 in London.

When the Organization of Petroleum Exporting Countries meets Thursday, members such as Iran and Venezuela will likely push for a cut in production at a time when demand has weakened and supplies are ample

Read More|Comment

Oil is dropping after a bailout of Spain's banks has done little to ease doubts about a long-term solution for Europe's financial crisis.

Benchmark oil fell 75 cents to $83.35 per barrel Monday in New York

Read More|Comment

WASHINGTON (AP) — The Senate's top tax writer says he wants to overhaul the nation's tax code to help make the economy stronger and raise additional revenue to reduce budget deficits.

Senate Finance Committee Chairman Max Baucus said in a speech Monday that a rewritten tax code should also promote more innovation and opportunity

Read More|Comment

The price of oil is swinging between small gains and losses as the market waits for Europe's next move in trying to clean up its financial mess.

Benchmark oil rose 17 cents to $84.15 per barrel Tuesday in New York

Read More|Comment

U.S. stocks are opening sharply lower as concerns about the stability of Europe's financial system return to the fore.

The European Union's government said early Wednesday that confidence across that continent fell sharply this month

Read More|Comment

WASHINGTON (AP) — A gauge of Americans who signed contracts to buy homes fell in April from nearly a two-year high in the previous month. Still, sales are well ahead of last year's level for the same month, a sign that a slow recovery in the housing market continues

Read More|Comment

NEW YORK (AP) — U.S. stocks are rising, shaking off their worst weekly performance since November, as investors latched on to a relatively optimistic report from economists.

The Dow Jones industrial average is up 78 points to 12,448 after six days of losses

Read More|Comment