The IEA, which advises major consuming nations on energy policy, said North American oil supply growth was "relentless."» Read More
NEW YORK— A report from the Census Bureau is the latest evidence that the rich are getting richer while the poor get poorer. The median net worth of the richest households rose 11 percent between 2000 and 2011, to $630,754.
SAN FRANCISCO, Aug 21- U.S video game service Ouya is turning to Asia to capture the growth that has eluded the startup on its own home turf. Xiaomi, which in three years became China's top smartphone seller ahead of Apple Inc and Samsung, harbors ambitions beyond mobile gadgets.
WASHINGTON, Aug 21- The U.S. government is tightening restrictions on hydrocodone, an opioid painkiller contained in Vicodin and other addictive drugs. The move comes as health and law enforcement officials try to curb a rising tide of prescription drug abuse.
WASHINGTON— Construction to upgrade North Korea's main rocket launch pad should be complete by this fall, allowing Pyongyang to conduct a launch by year's end if it decides to do so, a U.S. research institute said Thursday.
Federal Reserve should avoid waiting too long to raise interest rates, a top policymaker said on Thursday, arguing that there was no longer a lot of slack in the labor market.
NEW YORK— In revamping its prices and plans this week, Sprint is joining Verizon and AT&T in letting families share pools of data. To help guide you through the maze of options from the four national wireless carriers— Verizon, AT&T, Sprint and T-Mobile— here's a look at the best plans for individuals, couples and families of four.
NEW YORK— Home Depot says Craig Menear, the president of its U.S. retail operations, will become president and CEO of the company Nov. 1. Frank Blake has been Home Depot's chairman and CEO since 2007, and he will remain chairman of the company. Home Depot Inc. is based in Atlanta and is the largest U.S. home improvement retailer.
BOSTON/ NEW YORK, Aug 21- Fraudsters are targeting JPMorgan Chase& Co customers in an email "phishing" campaign that is unusual because it attempts to collect credentials for that bank and also infect PCs with a virus that steals passwords from other institutions.
NEW YORK/ LOS ANGELES, Aug 21- A clutch of states including California, New York and Illinois will share in a mini-bonanza from the $16.65 billion settlement agreed by Bank of America Corp on Thursday.
SAN FRANCISCO— Gap Inc. said its profit rose 10 percent in the second quarter as the clothing retailer cut expenses and managed to lift sales. The San Francisco- based company also said it plans to open Gap stores in India next year. The performance reflected a 5 percent decline at Gap, flat sales at Banana Republic, and growth of 4 percent at Old Navy.
DETROIT, Aug 21- Ford Motor Co has told its dealers to stop test-driving and selling C-Max and Focus models produced during a week this month because of potential problems with the steering gear assembly, a notice sent to dealers on Wednesday shows.
NEW YORK— Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and the Nasdaq Stock Market:. Hormel Foods Corp., up $2.06 to $49.92. Hertz Global Holdings Inc., down 23 cents to $30.10.
WASHINGTON— Figures on government spending and debt.
NEW YORK, Aug 21- The dollar surrendered some recent gains on Thursday as central bankers gathered for a three-day meeting in Wyoming that will feature a potentially market-rattling speech by Federal Reserve Chair Janet Yellen.
Dollars are pouring into China again despite worries about the country's slowing economic growth. China's economy also still has its doubters, as do broad swaths of its stock market. Much of the worry centers on how well China can navigate a slowdown in its economic growth.
Weak data on China's factory output weighed on oil prices early. NEW YORK, Aug 21- U.S. and Brent crude futures rose on Thursday, lifted by supportive economic data from the United States after a plentiful supply picture and Chinese economic data had earlier pressured prices.
NEW YORK— Another round of buying on the stock market is sending the Standard& Poor's 500 index to its latest record high. That's four points above the record close it reached July 24. Hewlett-Packard rose 5 percent after the company reported its first sales increase in nearly three years.
NEW YORK, Aug 21- U.S. stocks closed higher on Thursday, with the S&P 500 ending at a record on a flurry of positive economic data. Trading was light as investors waited for possible clues about interest rates from central bankers attending an annual meeting in Jackson Hole, Wyoming.
DETROIT— Ford is recalling more than 160,000 vehicles in North America for two safety issues. The largest recall involves 159,395 Focus ST and Escape vehicles from the 2013 and 2014 model years. Ford Motor Co. will notify customers and repair the vehicles for free.
Aug 21- Port Metro Vancouver, Canada's largest port, said on Thursday it has approved a new facility to transfer coal from trains onto barges at Fraser Surrey Docks, a decision that followed lengthy public scrutiny over the project's environmental and health impact.