| Dec 13, 2012
| 8:49 AM
Wholesale prices slipped 0.8% last month for the second straight month as gasoline prices plunged.
In its deepest dip since May, the Labor Department’s producer price index fell 0.8% in November after sliding 0.2% in October. The index rose 1.1%...
| Jul 26, 2012
| 8:18 AM
Mario Draghi, president of the European Central Bank, pledged Thursday that the institution “is ready to do whatever it takes to preserve the euro,” sending financial markets soaring around the world.
The Dow jumped more than 250 points in...
| Nov 15, 2012
| 10:21 AM
Consumer prices continued to rise in October as rents and the cost of food climbed even as gas came down from its recent peak, the government said.
Seasonally adjusted prices got a 0.1% boost in October from the previous month, according to the Labor...
| Apr 25, 2012
| 10:40 AM
The cost of food around the world is rising again, due to bad weather, soaring oil costs and strong demand in Asia for imports, according to the World Bank.
Global food prices soared 8% between December and March after dipping late last year from...
| May 2, 2012
| 10:10 AM
Unemployment in the 17 countries that make up the euro zone was at a record high of 10.9% in March, according to a new report that likely has incumbents in Sunday’s elections breaking into a cold sweat.
The jobless rate is up from 10.8% in February...
| May 16, 2012
| 10:00 AM
Greek officials were busy today cobbling together an emergency plan after talks to form a coalition government disintegrated Tuesday. In the meantime, Greeks have withdrawn $900 million from local banks.
So said President Karolos Papoulias, according...
| May 30, 2012
| 8:28 AM
The European Union’s executive body is calling for a “banking union” to centralize efforts to deal with the region’s economic turmoil – especially in Spain, which is racked by high unemployment and severe debt.
| Sep 14, 2012
| 11:57 AM
Another sign of rising food prices, this one unrelated to corn costs: The price of sushi in New York City rose so much this year that its raw fish and rice is now more expensive than in Los Angeles.
The price of the Japanese cuisine gained an average...
| Jun 6, 2012
| 12:01 PM
The European Central Bank is keeping its benchmark interest rate steady at 1%, handing off the responsibility of righting the struggling Eurozone to its disparate governments.
Mario Draghi, the bank’s president, said Wednesday that although the...
| Oct 16, 2011
Silvio Berlusconi, Italy's impossible prime minister, has committed almost every sin that modern politics affords. He entertains barely-of-age girls as overnight guests and brags about it. He appoints business cronies and television starlets to government...
| Sep 13, 2010
| 4:33 AM
Californiaâs 2006 global-warming law would save the stateâs consumers as much as $670 per household in 2020, in the event of a global surge in the price of crude oil, according to a report released Monday by economists for alternative-energy......