As the Northeast United States locks down in the path of Hurricane Sandy, the freakishly large tropical storm careening in from the Atlantic, the main impact is likely to be on fuel demand rather than supply.
Sectors
Wall Street Falls as Fiscal Worries Weigh
Stocks fell on Thursday as worries about lawmakers finding a timely solution to the "fiscal cliff" outweighed stronger-than-expected economic data.
Trade Deficit Narrows, Economy Resists Global Chill
The trade deficit unexpectedly narrowed in September as exports rose sharply, suggesting global demand for U.S. goods was holding up despite a debt crisis in Europe.
U.S. Consumer Credit Expands But Credit Cards Use Sags
U.S. consumer credit expanded at a solid pace in September in a hopeful sign for household spending, although Americans appeared to use their credit cards more sparingly, Federal Reserve data showed on Wednesday.
Penn West Shares Fall as Senior Managers Fired
Penn West Petroleum Ltd shares were down as much as 4.7 percent on Tuesday after the company fired four senior executives, including its chief operating officer.
Latest News
A $500-million "green jobs" program to train U.S. workers for new jobs and help spark recovery from the great recession has fallen far short of its goals, according to a report from the Labor Department's internal watchdog released on Friday.
A decline in the number of available properties, especially in California, prompted a new innovation at the real estate marketplace website Zillow.com. Late Wednesday night the six-year-old Zillow launched a free feature that allows potential home buyers to view homes that are owned by banks or are in the foreclosure process but are not officially listed for sale.
Apple released solid financial results for its fourth quarter Friday, ending Sept. 29. Profits rose 24 percent on the sale of its iPhone 5, which was released on Sept. 21. Its quarterly revenue was up about $8 billion from last year's fourth quarter.
As the job outlook continues to look murky for recent college graduates the costs of tuition and fees for both public and private universities are up, though not too substantially, according to the latest figures released by The College Board Wednesday.
One day after Rajat K. Gupta, formerly of Goldman Sachs, was sentenced to two years in prison for insider trading, a lawyer for Raj Rajaratnam who is currently serving an 11-year sentence in a Massachusetts prison for the same crime, asked that his conviction be set aside, The New York Times reported.
More than 80 Chief Executive Officers from the country's largest corporations have joined together in a rare show of unity to pressure Congress for a bipartisan plan to shrink the country's debt, Reuters reported Thursday.
Microsoft introduced its new Windows 8 operating system Thursday morning at an event that was live-streamed from New York, led by CEO Steve Ballmer. The software will be available starting midnight Oct. 26.
The country's second largest bank, Bank of America, has been accused of mortgage fraud in a civil suit filed by the U.S. government in a Manhattan court Wednesday, claiming it sold thousands of home loans that were deliberately processed at such a high speed adequate checks could not be performed, through its Countrywide Financial unit.
U.S. District Judge Jed Rakoff sentenced the former Goldman Sachs director to two years in prison for insider trading and fined him $5 million in a Manhattan court room yesterday.
