Nov 5th, 2012
NEW YORK (Reuters) – The average U.S. price for a gallon of regular gasoline took its biggest drop since 2008 in the past two weeks, due to lower crude oil prices, a big price drop in pump prices in California and Hurricane Sandy, according to a widely followed survey released on Sunday.
Gasoline prices averaged $3.5454 per gallon on November 2, down 20.75 cents from October 19 when drivers were paying...
Oct 17th, 2012
HEMPSTEAD, New York (Reuters) – U.S. President Barack Obama launched aggressive attacks against Republican rival Mitt Romney on jobs, energy and Libya in their second debate on Tuesday as the Democrat tried to reclaim the momentum in a tight White House race.
Obama was much sharper and more energetic than in their opening debate two weeks ago, when his listless performance was heavily criticized and gave...
Oct 6th, 2012
President Barack Obama and the Democrats raised $181 million in September — their largest monthly haul since he launched his reelection bid, his campaign announced Saturday.
“Some amazing news this morning: 1,825,813 people came together to raise $181 million for this campaign in September,” the campaign said on Twitter.
“If you gave $5, it helped. 98% of September’s contributions were $250...
Sep 30th, 2012
NEW YORK (Reuters) – When it comes to deficit reduction, many investors would rather Congress “kick the can down the road” again than let 2013 start with a blast of fiscal austerity not seen since the Vietnam War.
While hardly optimal, a temporary deal that prevents a plunge over the “fiscal cliff” would stave off recession and buy time for investors to tweak their...
Aug 29th, 2012
NEW YORK (Reuters) – U.S. stocks were little changed on Wednesday, the third straight day of limited market action as investors shrugged off the latest data to look ahead to Federal Reserve Chairman Ben Bernanke’s speech on Friday for trading incentives.
Daily volume so far this week has been low even for a seasonally slow period, with trading levels about 30 percent below the year-to-date average, an...
Aug 17th, 2012
VIENNA/HELSINKI (Reuters) – Smaller euro zone countries that have retained top credit ratings through the region’s crisis squabbled on Friday over whether struggling nations like Greece that threaten the currency union’s stability should be kicked out.
Top Austrian and Finnish politicians insisted they were committed to keeping the union intact after ministers from junior coalition parties said...
Aug 13th, 2012
WASHINGTON (Reuters) – Americans will face higher food prices at the supermarket next year because of the worst drought in half a century, but the impact on overall inflation will be modest, the Kansas City Federal Reserve Bank said in a report.
It said the drought, which has cut corn and soy bean yields and sent their prices on the futures market soaring, could add 4 percent more to annual food prices over...
Aug 10th, 2012
ROME/CHICAGO (Reuters) – Global alarm over a potential repeat of the 2008 food crisis escalated after data showed food prices had jumped 6 percent last month and importers were snapping up a shriveled U.S. grain crop, helping drive corn prices to a new record.
Ahead of a critical government report on Friday on the state of the U.S. corn and soybean crops, which have been decimated by the worst drought in...
