The money you're saving on gasoline may go toward buying steaks, ribs and chicken for the barbecue.
Shares of mattress makers got a boost Friday from an industry survey that showed U.S. mattress sales improved sharply for April.
The number of rigs actively exploring for oil and natural gas in the U.S. is down three this week to 1,983.
JPMorgan Chase CEO Jamie Dimon is being asked to appear before Senate and House panels next month to answer questions about the bank's $2 billion-plus trading loss.
More Americans will hit the road this holiday weekend than a year ago. And they'll have a bit more money to spend thanks to lower gas prices.
Italian automaker Fiat SpA, which controls Chrysler, said Friday that it and subsidiaries will immediately halt sales to Iran, following similar moves by other carmakers under pressure to cut ties to Tehran over its disputed nuclear program.
The women's clothier Talbots Inc. said Friday that a deadline expired without a deal in its exclusive talks about being acquired by a private equity firm and that it will actively pursue other options.
The price of oil held near the lowest levels of the year on a quiet Friday ahead of the holiday weekend.
Human rights groups in Cambodia expressed outrage Friday over prison sentences imposed on 13 women who were protesting being evicted from their land without adequate compensation.
Another flare-up in Europe's debt crisis knocked U.S. markets lower Friday. This time, it was more trouble at a major Spanish bank.
International Monetary Fund chief Christine Lagarde says she has more sympathy for poor African children than Greeks suffering under the country's economic problems and austerity measures.
The U.S. government said Friday that China has made progress in allowing its currency to rise against the dollar and declined to accuse the nation of manipulating its currency to gain a trade advantage.
What defines sugar? It's getting to be a stickier question.
Portugal's Parliament has endorsed a four-year budget plan that places legal limits on state spending in an effort to restore the bailed-out country's fiscal health.
The head of Germany's central bank says there is no quick fix for Europe's problems, calling appeals for more support from the European Central Bank and plans for investment in infrastructure a distraction from the hard work of reform.
The European Union on Friday started legal proceedings at the World Trade Organization against Argentina, claiming the South American country stifles imports to protect its own industry.
Bank of America Corp. and Barclays Bank PLC are selling their stake in the apartment building owner Archstone to Lehman Brothers Holdings Inc.'s bankruptcy estate for $1.58 billion.
A top European Central Bank official says the 17 countries that use the euro need an "urgent overhaul" of their banking and financial system to deal with the debt crisis, including a multinational authority with the power to restructure and bail out banks.
The European Union is challenging Argentina before the World Trade Organization with claims the South American nations stifles imports to protect its own industry.
Profits at big U.S. companies broke records last year, and so did pay for CEOs.
David Simon of Simon Property received a pay package worth more than $137 million for last year, and the typical CEO took home $9.6 million, according to an analysis by The Associated Press.
The 10 highest-paid CEOs for 2011, according to an Associated Press analysis of Standard & Poor's 500 companies. The analysis includes companies that had the same CEO for all of 2010 and 2011 and that filed proxy statements with the Securities and Exchange Commission between Jan. 1 and April 30.
In the small world of big CEOs, the perks can be spectacular.
The 50 highest-paid CEOs for 2011, according to an Associated Press analysis of Standard & Poor's 500 companies. The analysis includes companies that had the same CEO for all of 2010 and 2011 and that filed proxy statements with the Securities and Exchange Commission between Jan. 1 and April 30.
Concerns that Europe lacks a concrete plan to keep Greece in the currency union pushed markets lower on Friday, with the euro nearing a 22-month low.
Khamis Neshbahri earned a salary of 700 Singapore dollars ($550) a month when he began cleaning office buildings 11 years ago. His wages haven't budged since then while his cost of living has continued to climb.
Spain's troubled bank, Bankia, has asked the Spanish government for (EURO)19 billion ($23.8 billion) in financial support just as a leading credit rating agency downgraded it to junk status.
Shares of a Hong Kong tycoon's property company tumbled Friday after he insisted he was innocent of bribery and money laundering charges filed by Macau prosecutors over a land deal in the Asian gambling hub.
Toyota is looking to emerging markets for growth, targeting 50 percent of its global vehicle sales in such countries by 2015, and rolling out eight compact models over the next few years.
Sony's debuting "Men in Black 3," starring Will Smith, Tommy Lee Jones and Josh Brolin, is expected to vaporize "The Avengers'" nearly month-long supremacy at the top of the domestic box office charts, grossing about $80 million across the long holiday weekend.
European leaders insist they want to keep Greece in the eurozone, but are putting off any agreement on how they hope to accomplish that. Greece says it, too, wants to stay in the eurozone, but until after elections it's uncertain whether it can implement the austerity that Europe has set as a condition for doing so.
Lehman Brothers Holdings Inc.'s bankruptcy estate has reached a deal to acquire a bigger stake in apartment-building owner Archstone for $1.58 billion, according to a published report.
Total U.S. money market mutual fund assets rose by $1.26 billion to $2.564 trillion for the week that ended Wednesday, the Investment Company Institute said Thursday.
A look at economic developments and activity in major stock markets around the world Friday:
BETHESDA, Md. - Wedged between an interstate highway and the Washington, D.C., Beltway, the understated corporate neighborhood Lockheed Martin Corp. calls home took on a rowdy flavor Thursday with the shouting, chanting, sign-waving and heckling of more than 150 picketers supporting the International Association of Machinists' strike at a Texas plant.
Oil bounced back Thursday, a day after falling below $90 per barrel for the first time in months.
The Senate passed a mammoth bill Thursday that would reshape how the Food and Drug Administration assures the safety of the drug supply, particularly medicines imported from overseas.
Concerns about Europe pushed U.S. markets lower Friday but didn't erase all the gains from Monday and Thursday. The Dow Jones industrial average finished up for the week for the first time in May.
A LATE SWOON: News late Friday afternoon that Bankia, a crippled bank in Spain, is asking for $24 billion in support from the Spanish government stirred up new worries that Europe's debt contagion was spreading. The Dow Jones industrial average ended down 75 at 12,455.
Invest for the long term and keep daily news in perspective. It's easy to get sucked into a negative mindset, with troubles at Facebook and JPMorgan Chase in the headlines.
MAY'S WILD RIDE: Wheat rose 2.6 percent as questions persisted about how much dry weather has affected the crop in Kansas. In a matter of two weeks, the price has hit a high for the year and also nearly hit a 2012 low, largely because of weather issues.
The euro fell below $1.25 for the first time Friday in nearly two years on concerns that Europe won't be able to keep Greece in the single currency union.
Wheat prices are climbing as questions persist about how much dry weather is affecting the Kansas crop.
ORDERS UP: Orders for durable goods - items expected to last at least three years rose 0.2 percent in April to a seasonally adjusted $215.5 billion in April. That followed a 3.7 percent drop in March.
A northern Idaho silver mine that was shut down after a series of accidents last year, including two worker deaths, will start rehiring in July and should have a full workforce by the end of the year, Hecla Mining Co. Chief Executive Officer Phil Baker said Thursday.
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