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Midwest Gas Price Hikes to Be Felt Nationwide

Troubles at Midwest oil refineries are driving gasoline prices sharply higher in the central part of the country, and the regional shortages are expected to boost pump prices nationwide.

Treasury Dept. Lifts Sanctions on Iraqi Bank

The U.S. Treasury Department Friday lifted sanctions against an Iraqi bank that had been barred from doing business with American companies because it had close contacts to Iranian financial institutions.

IMF Uncertain on Cyprus, May Need More Money

The situation in debt-sodden Cyprus remains critical despite the approval earlier this week of a three-year loan, the International Monetary Fund said Friday.

Leading Economic Indicators Recovered in April

The Conference Board's monthly projection of the U.S. economy's direction rose in April, in the strongest increase since February 2012.

Philly Fed: Mid-Atlantic Manufacturing in Retreat

The Philadelphia Federal Reserve Bank said the bank's mid-Atlantic manufacturing indexes dropped into negative territory in May, with its broadest index falling to minus 5.2.

Consumer Prices Fell in April on Lower Gas Costs

Consumer prices in the U.S. dropped a seasonally adjusted 0.4 percent in April from the previous month as gasoline prices fell sharply, the government reported Thursday.

First-time Jobless Benefits Claims Jump by 32,000

The U.S. Labor Department said first-time jobless benefits claims jumped by 32,000 to 360,000 in the week that ended Saturday.

Flippers Might Be Helping to Heal Housing Markets

Home flippers got a bad name during the housing boom, selling properties for big profits and stoking a feeding frenzy, but today's flippers are getting credit for helping the market recover.

Building Permits up Across the Country

Building permits across the U.S. for single-family homes rose 27 percent in the first quarter year over year, according to RealtyTrac.

California Cities Still Feel the Pinch

In April, Stockton became the nation's largest city to go into bankruptcy protection since the recession began five years ago. That has triggered a guessing game over which hard-pressed cities might be next.

IMF OK's $1.3 Billion Cyprus Loan

The International Monetary Fund approved a three-year, $1.3 billion loan Wednesday to support Cyprus' attempts to fix its economy.

Markets Power Ahead With Record-setting Trend

Financial stocks led a charge into more new territory on Wednesday, with both the Dow Jones and Standard and Poor's 500 indexes marking record highs.

Producer Price Indexes Dropped in April

The producer price index for finished goods was down slightly in April, continuing a trend. Intermediate and crude goods also saw declines.

U.S. Pumps Up Oil Production as World Demand Rises

The rapid growth of U.S. oil production is transforming global markets and easing supplies just as China and the rest of the developing world move to overtake the developed world for the first time in consumption, the International Energy Agency reported Tuesday.

Home Builders Optimistic on Rising Sales Figures

The National Association of Home Builders said its index for builder confidence added three points to reach 44 over a downwardly revised 41 point reading for April.