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Gasoline rose to a milestone mark Sunday as the national average compiled by motorist group AAA reached $4 a gallon for the first time.
In a second survey, the average price came within 0.2 cent of $4 a gallon in the Lundberg Survey, which showed a 20-cent rise in the past three weeks to a […]

A key survey of service sector executives released Wednesday showed business activity rose at a somewhat slower rate in May, even as employers cut payrolls and prices continued to rise.
The Institute for Supply Management’s (ISM) non-manufacturing index fell to a reading of 51.7 from 52 in April. Economists were expecting a reading of 51, […]

Brazil's central bank President Henrique Meirelles signaled policy makers will raise the benchmark lending rate further to bring inflation down from a two-year high in Latin America's largest economy.
The eight-member board increased the rate to 12.25 percent from 11.75 percent late yesterday, matching the expectations of economists surveyed by Bloomberg. It was the […]

Federal regulators are six months into a wide-ranging investigation of U.S. oil markets, with a focus on possible price manipulation.
The Commodity Futures Trading Commission on Thursday said it started the probe in December and took the unusual step of publicizing it "because of today’s unprecedented market conditions."
Crude prices, which on Thursday hovered around $127 […]