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  • With most commodities priced in U.S. dollars, the strength of the greenback, and the slowdown in China is leading a rout in commodity markets. "If Saudi Arabia and Iraq keep running full tilt and Libya and Iran get their oil production back on track, crude prices could languish below $60 for the next three years," said Morgan Stanley analyst, Martijn Rats in a research...

  • *Oil hit by bearish Reuters July survey on OPEC oil. *5 rigs added this week to U.S. oil rig count- Baker Hughes. NEW YORK, July 31- U.S. crude posted its biggest monthly drop since the 2008 financial crisis on Friday after a string of losses in July triggered by China's stock market slump and signs that top Middle East producers were pumping crude at record levels.

  • UNITED NATIONS, Aug 2- The United Nations 193- member states agreed on Sunday on an agenda for the world's sustainable development over the next 15 years that pledges to leave no-one behind and is now due to be formally adopted by world leaders at a summit in September. "The sheer size, the depth and the complexity of this agenda challenges all of us, challenges the...

  • NEW YORK, Aug 2- Verizon Communications Inc and the unions representing its wireline unit employees on the U.S. East Coast said work will go on and talks continue after their current contract expired. Since June, the unions have been in talks with Verizon over the company's plans to cut costs by controlling healthcare and pension-related benefits over a...

  • An Oregon bakery was fined $135,000 for refusing to bake a cake for a lesbian couple's wedding. A Louisiana man posted a video to the Internet lambasting a local Wal-Mart for not making a cake with a Confederate flag on it. "Cake has had symbolic meaning in this country," even aside from politics, said Stephen Schmidt, food historian and writer for the Manuscripts...

  • —In 2014, 1.6 percent of the electricity purchased in the U.S. came from Canada, and 60 percent of that went to New England and New York, according to the U.S. Energy Information Administration. Canadian imports made up 12 to 16 percent of retail electricity sales in New England and New York. —In 2014, Hydro- Quebec, the biggest Canadian player in New England, exported...

  • CONCORD, N.H.— Plenty of raw electricity sloshes around in Quebec's rivers and reservoirs, promising relief for U.S. northeasterners, who pay the nation's highest power costs. But getting those electrons to smartphones and air conditioners in Boston, Hartford and New York City is another matter entirely. The six New England governors say reining in the costs is a...

  • LONDON, Aug 2- Now that U.S. The challenge is that the U.S. economy is generating very little inflation- not to mention disinflation coming from China and nearly no inflation in Europe- leaving many questioning whether the Fed even should be considering a rate rise. "The pace for growth remains extremely weak by past recovery standards, but with potential growth...

  • NEW YORK— Verizon and unions representing workers in nine states said employees will work without a contract as more negotiations are scheduled. Marc Reed, Verizon's chief administrative officer, said the company is "disappointed" it was unable to reach an agreement with the unions despite "six weeks of good faith bargaining and a very strong effort by the...

  • NEW YORK— President Barack Obama will impose even steeper cuts on greenhouse gas emissions from U.S. power plants than previously expected, senior administration officials said Sunday, in what the president called the most significant step the U.S. has ever taken to fight global warming. A year after proposing unprecedented carbon dioxide limits, the Obama...

  • Aug 1- Thousands of Verizon Communications Inc workers on the U.S. East Coast could strike on Sunday with no sign of an agreement as contract negotiations with unions went to the wire, a union spokeswoman said on Saturday. Verizon spokesman Rich Young said: "At this point, we remain committed to continuing to negotiate in good faith with our unions."

  • As race sharpens, Clinton releases document trove Saturday, 1 Aug 2015 | 3:55 PM ET
    Democratic Presidential hopeful and former Secretary of State Hillary Clinton calls for an end to the Cuban trade embargo as she gives a policy speech at the Florida International University on July 31, 2015 in Miami, Florida.

    The State Department made public new swaths of Hillary Rodham Clinton's emails, while her campaign released a letter from her doctor about her health.

  • NEW YORK— The National Highway Traffic Safety Administration has opened an investigation into Harman car radios following a recent recall of 1.4 million Fiat Chrysler cars and trucks due to a hacking vulnerability. Hackers got into a Jeep Cherokee SUV through an electronic opening in the radio and were able to take control of the car over the Internet.

  • Private equity pioneer Kohlberg dies at age 90 Saturday, 1 Aug 2015 | 2:07 PM ET
    The New York Stock Exchange

    Jerome Kohlberg Jr., the veteran financier who pioneered leveraged-buyouts, died on Thursday at his home in Martha's Vineyard. He was 90.

  • Within a three-hour period Friday, the State Department made public more than 2,200 pages of emails sent from Clinton's personal account, her campaign released a letter from her personal doctor about her health and she unveiled eight years of tax returns. Meanwhile, Clinton herself was campaigning at the annual meeting of the National Urban League and...

  • Mt. Gox bitcoin exchange head arrested Saturday, 1 Aug 2015 | 3:13 AM ET

    The head of the failed Japan-based bitcoin exchange Mt.Gox was arrested in Tokyo on Saturday on suspicion of inflating his cash account by $1 million.

  • NEW YORK, July 31- Donald Trump is staking his run for U.S. president in part on a vow to protect American jobs. But this month, one of his companies, the elite Mar-a-Lago Club resort in Florida, applied to import 70 foreign workers to serve as cooks, wait staff and cleaners. Nine companies majority-owned by Trump have sought to bring in foreign waitresses, cooks,...

  • Puerto Rico to miss debt payment, signalling default Friday, 31 Jul 2015 | 8:10 PM ET
    The Puerto Rican flag flies near the Capitol building as the island's residents deal with the government's $72 billion debt on in San Juan, Puerto Rico

    Puerto Rico will miss a debt repayment Saturday, the government confirmed, as one of the largest ever US municipal debt restructurings beckons.

  • July 31- Goldman Sachs Group Inc has tentatively agreed to pay about $270 million to settle a lawsuit by investors, according to a source familiar with the matter. Also on Friday, Goldman Sachs was among a group of banks that received court approval for a $235 million settlement related to mortgage securities reached in February, according to a court filing.

  • Sempra Energy buying joint venture stake from Pemex Friday, 31 Jul 2015 | 6:52 PM ET

    NEW YORK— Sempra Energy said Friday it will take full control of a Mexican natural gas pipeline business in a deal valued at $1.33 billion. Sempra Energy's Mexican unit, IEnova, owned 50 percent of the Gasoductos de Chihuahua joint venture, and Mexico's state oil company Pemex owned the other half. Sempra Energy said the purchase will add about 5 cents per share to...