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CNBC's Bertha Coombs discusses the day's activity in the commodities markets. After the dollar slipped, oil and gasoline futures climbed a bit. Nat gas was down on a bigger-than-expected build. A mixed picture in the metals markets, as well.
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WASHINGTON, May 17- President Barack Obama on Friday will seek to turn the spotlight from controversies threatening to swamp his agenda to the economy by announcing he will cut in half the time it takes to get federal approval for large job-creating projects.
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NEW YORK May 16- Brent June crude oil futures expired slightly higher on Thursday, buoyed by a weaker dollar even as a bevy of slack U.S. economic data capped gains in the stock market. "If we have to pick a driver for today, it's that the dollar's under pressure," said Gene McGillian, analyst at Tradition Energy in Stamford, Connecticut.
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CNBC's Bertha Coombs discusses the day's activity in the commodities markets. After the dollar slipped, oil and gasoline futures climbed a bit. Nat gas was down on a bigger-than-expected build. A mixed picture in the metals markets, as well.
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CNBC's Bertha Coombs says negative economic data from Europe put pressure on commodities overall. Prices at the pump are 12 cents below where they were a year ago.
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"I've had enough of Sudan and will go to Saudi Arabia," said Taha. " Taha, who has been working in an office accounts department for two years because he could not find a professional post, has just been hired as an engineer by a construction firm in Saudi Arabia- a move that will increase his salary sevenfold to 2,500 Saudi riyals a month.
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U.S. Attorney General Eric Holder said on Tuesday he had ordered the FBI to open a criminal probe in a growing scandal over the Internal Revenue Service's targeting of conservative political groups.
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* "Insufficient oversight" led to problems at IRS- report. *Embattled acting IRS chief meets lawmakers.
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CNBC's Sharon Epperson discusses the day's activity in the commodities markets and looks at where oil and precious metals are likely headed tomorrow.
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President Barack Obama called the targeting of conservative groups by U.S. tax officials "outrageous" and said that any Internal Revenue Service employees involved would be held accountable.
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President Barack Obama called the targeting of conservative groups by U.S. tax officials "outrageous" and said that any Internal Revenue Service employees involved would be held accountable.
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*Rubio calls for resignation of acting IRS chief. *IRS to be focus of congressional investigations. The scandal was ignited last Friday, when an IRS official revealed at a meeting of tax lawyers that the agency had inappropriately singled out Tea Party and other conservative groups for extra scrutiny of their claims for tax-exempt status.
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CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Oil was lower on the day, while gold dipped and came back later in the day.
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WASHINGTON, May 13- President Barack Obama sought on Monday to neutralize two crises that threatened his second term agenda, calling the apparent targeting of conservative groups by tax officials "outrageous" and an uproar over his response to American deaths in Libya a "sideshow."
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SINGAPORE, May 13- U.S. crude futures slipped in early Asian trade on Monday on worries of a slowdown in demand growth as a slew of data from the world's top consumer the United States may point to slower growth early in the second quarter.
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Treasury Inspector General for Tax Administration inquiry that Reuters obtained on Saturday, on IRS statements and on news reports. The number of applications sent to the IRS by groups seeking 501 (c) 4 tax-exempt status begins to increase sharply, rising to 3,400 in 2012 from 1,500 in 2010, according to the IRS.
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*Lawmakers doubt IRS explanation that targeting was not political. It needs to have a full investigation, " House of Representatives Intelligence Committee Chairman Mike Rogers, a Michigan Republican, said on" Fox News Sunday. "
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TRIPOLI, May 12- British oil company BP said it is withdrawing some non-essential staff from Libya after Britain's government warned about deteriorating security in the capital Tripoli. Despite concerns raised by international oil firms operating in the OPEC producer, Libya has said foreign security will not be allowed at its oil fields.
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ISTANBUL, May 11- The European Bank for Reconstruction and Development is considering ways to help small businesses in emerging Europe, including through direct lending, as the region suffers lacklustre growth, its president said on Saturday.
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*Libya unrest supports crude prices. NEW YORK May 10- Brent and U.S. crude oil ended slightly down on Friday, after trading sharply lower for much of the session, rebounding as the U.S. dollar weakened and on late news reports that more oil would flow through BP Plc's Whiting, Indiana, refinery.
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*Large economies of Russia, Poland, Turkey lead slowdown. ISTANBUL, May 10- Europe's development bank slashed its 2013 growth forecasts for emerging Europe and North Africa on Friday by almost a full percentage point, saying a sharp slowdown in Russia would drag down the regional economy. "It's really a story of three big countries- Russia, Poland and Turkey.