*OPEC secretary-general thinks prices may have reached a bottom. LONDON, Jan 26- Oil prices turned positive on Monday, erasing early losses after the Secretary-General of the OPEC producer group said he expected the market to bottom out around current levels. "Now the prices are around $45- $55 and I think maybe they reached the bottom and will see some rebound very...» Read More
Benchmark oil is now down $1.25 to $90.46 per barrel in New York. Traders are trying to gauge the strength of global oil demand while watching developments surrounding Syria in the Middle East. In London, Brent crude, which is used to price international varieties of oil, was down 8 cents to $112.50.
NEW YORK-- An analyst reiterated his "Buy" rating on plane maker Boeing Co. Friday, noting a recent pullback in the stock and an improving mix of aircraft deliveries. Boeing delivered 10 new Apache attack helicopters, 18 Chinook cargo helicopters and 12 F-18 fighter-bomber jets in the third quarter.
WASHINGTON-- Republican presidential nominee Mitt Romney says a drop in the nation's unemployment rate to 7.8 percent "is not what a real recovery looks like." The former Massachusetts governor responded to the September jobs report out Friday by arguing that Obama has a failed record on the economy.
NEW YORK-- Stocks are rising in early trading on Wall Street after the government reported that the U.S. unemployment rate fell below 8 percent for the first time in almost four years. The Dow Jones industrial average rose 66 points to 13,641 shortly after the opening bell Friday.
DETROIT-- Drivers of the Hyundai Veloster could be in for a surprise while cruising down the highway. The probe affects about 18,000 vehicles from the 2012 model year, the National Highway Traffic Safety Administration said Friday. Hyundai said it is working with NHTSA on the investigation.
WASHINGTON-- America's top military officer is opposing the demotion of a four-star general who is accused of spending tens of thousands of taxpayer dollars on lavish travel and other expenses in a case that has been sitting on Defense Secretary Leon Panetta's desk for weeks, U.S. officials said Thursday.
HOUSTON-- Actress Daryl Hannah of "Splash" fame was arrested in northeast Texas on Thursday, along with a 78- year-old landowner as the pair protested an oil pipeline designed to bring crude from Canada to the Gulf Coast.
CHICAGO-- A federal judge sentenced former Illinois powerbroker William Cellini to a year in prison Thursday for conspiring to shake down a movie producer, capping off the last trial to stem from the investigation of former Gov.
SAN FRANCISCO-- Californians woke up to a shock Friday as overnight gasoline prices jumped by as much as 20 cents a gallon in some areas, ending a week of soaring costs that saw some stations close and others charge record prices. In Southern California, the price jumped 20 cents a gallon overnight to $4.53 in Ventura.
The steroid medication suspected in an outbreak of a rare kind of meningitis was shipped to 23 states, according to the Centers for Disease Control and Prevention. The specialty pharmacy that made the steroid, New England Compounding Center of Framingham, Mass., recalled three lots of the drug last week and has shut down operations.
RABAT, Morocco-- Morocco on Friday revoked the accreditation of a journalist working for the French news agency AFP after he wrote an article linking the palace to a political party competing in by-elections. Morocco's powerful king, who holds most of the power in the country, is considered to operate above party politics.
Federal and state health officials are investigating an outbreak of a rare and deadly form of meningitis. Most of the cases are in Tennessee, the rest in Florida, Indiana, Maryland, North Carolina and Virginia. A: A specialty pharmacy, New England Compounding Center in Framingham, Mass., custom-made the steroid.
The Food and Drug Administration urged physicians not to use any products at all from the Massachusetts pharmacy that supplied the preservative-free methylprednisolone acetate.
NEW YORK-- Stable costs, menu price increases and a shift to selling wings by the pound are making analysts more optimistic on shares of Buffalo Wild Wings Inc.. A Wedbush analyst on Friday raised his rating for Buffalo Wild Wings to "Outperform" from "Neutral," and lifted his price target on the company by $22 to $100.
DETROIT-- U.S. safety regulators are looking into throttle problems in older Ford Escapes at the request of a consumer group. The nonprofit North Carolina Consumers Council has asked federal regulators to investigate two complaints from drivers who say the small SUV stalled or surged forward.
NEW YORK-- Former PBS anchor Jim Lehrer says a debate moderator should be like a baseball umpire _ get out of the way and let the candidates play.
DETROIT-- U.S. safety regulators are investigating complaints that Honda Odyssey Minivans and Pilot SUVs can roll away after drivers remove the ignition key. The probe by the National Highway Traffic Safety Administration affects more than 577,000 vehicles from the 2003 and 2004 model years that have automatic transmissions.
COUNCIL BLUFFS, Iowa-- Vice President Joe Biden acknowledged Thursday that he and President Barack Obama want to raise $1 trillion in taxes on the wealthy as part of a plan to let some Bush-era tax cuts expire, giving Republicans fresh fodder to criticize the Democratic ticket just days after the vice president said the middle class has been buried during the past four years.
In Europe, the FTSE 100 index of leading British shares was up 0.7 percent at 5,871 while Germany's DAX rose 1.2 percent to 7,397. The CAC-40 in France was 1.6 percent higher at 3,457.. The benchmark New York rate was $2.41 lower at $89.31 a barrel.