NEW YORK (Reuters) - Global oil markets resumed their slide on Friday, with Brent and U.S. crude hitting April 2009 lows and ending down for a seventh straight week, although prices recovered from their lows after a sharp drop in the U.S. oil rig count.
NEW YORK (Reuters) - Investors hope the lower gasoline cost is putting more money in consumers' wallets for spending on apparel and other retail goods. The next two weeks will indicate whether that's happening.
NEW YORK (Reuters) - JPMorgan Chase & Co has agreed in principle to settle class action litigation arising from Bear Stearns' sale of $17.58 billion of mortgage securities that proved defective during the recent U.S. housing and financial crises.
(Reuters) - Slow wage growth and low inflation are prompting two top U.S. Federal Reserve officials to call for deferring interest-rate increases until next year, and a third to suggest waiting until mid-2015 or later - all despite strong U.S. jobs gains.
(Reuters) - Citigroup Inc this week cut its bonus pool for fixed-income and equity market traders after market revenues plunged during the last two weeks of the year, according to a person familiar with the matter.
WASHINGTON (Reuters) - Some 20 state attorneys general have joined the federal antitrust investigation of competing bids by Dollar General Corp and Dollar Tree Inc to buy Family Dollar Stores Inc , a development that potentially complicates the companies' efforts to win U.S. approval for a deal.
HOUSTON (Reuters) - New oil and gas well permits issued across the United States rose slightly in December and surged 72 percent in Colorado and Wyoming after falling sharply in November on tumbling crude prices.
MADRID/LONDON (Reuters) - Santander chief Ana Botin is expected to target Britain, the United States and the bank's Spanish home market under her plan to accelerate growth after raising 7.5 billion euros ($8.8 billion) via Europe's biggest-ever quick-fire share sale.