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News

AP News

  • Oil jumps $5 on US-Russia tensions, sliding dollar

    NEW YORK (AP) -- Oil prices shot up more than $5 a barrel Thursday, rising to the highest level in over two weeks as escalating tensions with Russia stoked fears of supply disruptions to the West....

  • Stocks fluctuate on rising oil, financial worries

    NEW YORK (AP) -- Stocks fluctuated Thursday as a surge in oil prices fanned investors' growing inflation concerns. But a rebound in shares of mortgage companies Fannie Mae and Freddie Mac and gains by energy companies helped stocks pull off their lows....

  • Economy remains stuck in low gear

    NEW YORK (AP) -- A private sector measure of the economy's health showed the largest drop in a year, and while new jobless claims fell for the second straight week, they remain near the highest levels since 2002. The reports are the latest evidence the languishing American economy remains stuck in low gear....

  • Heinz 1Q profit rises 11 percent

    MILWAUKEE (AP) -- Food maker H.J. Heinz Co. said Thursday that its fiscal first-quarter profit rose 11 percent, fueled by double-digit sales growth in North America and Europe....

  • Burger King 4Q profit rises 42 percent

    NEW YORK (AP) -- Burger King Holdings Inc., the nation's No. 2 hamburger chain, said Thursday its profit surged 42 percent in its fiscal fourth quarter, driven by a rise in sales at established locations and a slew of promotions....