The 54-cent decline in the average price of gasoline over the last 3 months should add approximately $54 billion of incremental income to U.S. consumers.
Nabisco, the makers of Oreo sandwich cookies, stirred controversy - and the wildest dreams of Oreo fanatics - when it posted a photo of a six-layer Oreo with cream in rainbow colors in an obvious support of gay pride. But will the Rainbow Oreo ever come to fruition?
Banca Monte dei Paschi di Siena SpA, a 540-year-old financial institution commonly called Europe's oldest bank, was the newest Continental house of finance to receive a government bailout, after the Italian Treasury granted the bank a ?3.9 billion ($4.87 billion) credit lifeline Tuesday. The rescue came even though Monte dei Paschi is seen as basically insolvent by the markets and is led by a banker currently under criminal indictment.
Although U.S. home prices inched up in April and new home sales rose to a two-year high in May, the national housing market remains uneven and weak, said a New York-based developer.
The price of crude oil fell Tuesday to less than $79 on the U.S. wholesale market, cutting the value of the commodity by about one-third since early March.
Even as the crisis in Air India continues with no signs of a solution in sight, another Indian carrier Kingfisher Airlines is in fresh trouble with 80 of its engineers quitting their jobs.
Zuma?s ruling party has proposed that the nation?s key mining sector pay more in taxes to finance social spending and also wants to encourage state-owned enterprises to create more jobs.
Other threats outlined in Evans' inaugural Lord Mayor's Annual Defence and Security Lecture in London on Monday night included Al Qaeda infiltration of Arab Spring countries and potential extremists motivated by the possible collapse of the euro zone.
Passbook will be formally introduced with iOS 6, but Apple may also announce an expansion of that software, specifically for an NFC-capable iPhone. With the recent discovery of iPhone prototypes embedded with code that specifically mentioned near-field communication components, there's an excellent chance the company's next iPhone, which many have already crowned the iPhone 5, will feature Apple's patented iWallet technology.
79 teens were rescued over the weekend from a life of prostitution across America, and more than 100 pimps were arrested by the FBI.
The online travel site Orbitiz came under criticism Tuesday after admitting it is showing Mac users pricier travel options than PC searchers
Apple?s new Retina Display MacBook Pro line boasts high-definition images and resolution, but that doesn?t mean the new laptops are picture perfect. Some owners have reported an image persistence issue with the recently-revealed MacBook Pro, according to Apple Insider.
An eye-catching illustration included in a report by BNP Paribas Exane explains why the Continent's leader seem unable to solve the ever-worsening eurozone crisis: in spite of being ostensibly committed to the same goals, top policy-makers disagree on the more aggressive policies most experts believe are needed. It's almost like they're on different planets.
The Dole Food Company has issued a precautionary recall involving 1,077 packages of bagged salads that were sold in six states at Wal-Mart and Kroger under those supermarket brands over possible listeria contamination, the California-based company announced.
Nissan Motor Company (Tokyo: 7201) CEO Carlos Ghosn was the highest-paid CEO in Japan in the last fiscal year with a salary and bonus totaling 987 million yen ($12.5 million), according to Reuters.
Single-family home prices picked up for the third month consecutive month in April, showing signs that the housing market recovery is gaining traction.
Spain's short-term borrowing costs almost tripled during Tuesday's debt auction, a day after Moody's downgraded the country's banking system.
Facebook (Nasdaq: FB), the No. 1 social networking site saw its shares rise 4 percent Tuesday many of the 33 underwriters of its $16 billion initial public offering on May 17 will be free to publish stock recommendations.
Will News Corporation (Nasdaq: NWSA) finally split up as many of its shareholders have wished for years? Officially, the company is mum on a report from one of its newspapers Tuesday saying CEO Rupert Murdoch is considering an idea he has long opposed.
Indian Finance minister Pranab Mukherjee - the ruling party UPA's candidate for the presidential candidate- resigned from the post and bid farewell to active politics on Tuesday.
The controversial move comes after Orbitz found that Mac users on average spent 30 percent more than Windows users on hotels and decided, in a trial, to offer them more expensive options, according to a published report.
If you are one of those T-Mobile users waiting to get hold of Samsung's newest flagship smartphone, the Galaxy S3, it is going to spoil your party as the handset won't be compatible with T-Mobile's upcoming LTE network, according to a latest report.
Zynga, Syngenta, JPMorgan Chase, Banco Santander, James River Coal, Nokia Corp, Morgan Stanley and AIXTRON are among the companies whose shares are moving in pre-market trading Tuesday.
Spikes in unemployment might be a necessary evil to austerity reform measures meant to control the European financial crisis. But, when push comes to shove, those high levels of joblessness are actually making contagion of the crisis amongst countries worse.
At stake, according to analysts, is nothing less than the future of the euro and possibly of the European Union itself, with markets and global leaders demanding tangible solutions to Europe's rapidly degenerating debt crisis.
Asian Stock markets mostly declined Tuesday as market participants continued to doubt the ability of European leaders in tackling the debt crisis at a European summit later this week.
U.S. stock index futures point to a slightly higher opening Tuesday after Monday's sell-off, but investors remain watchful as euro zone debt crisis concerns linger.
European markets rose Tuesday after sell off in the previous day, but investors remained watchful about the debt crisis lingering over the euro zone.
Crude oil futures declined during Asian trading hours Tuesday as sentiment was dampened on concerns that faltering global growth could lead to lower oil demand.
Moody's Investors Service Monday downgraded the long-term debt and deposit ratings of 28 Spanish banks, indicating that the credit worthiness of Spain is weakening.