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U.S. gas prices fall to lowest since May 2009: Lundberg survey

NEW YORK - The average price of a gallon of gasoline in the United States fell 25 cents in the past two weeks, tumbling to its lowest level in more than five-and-a-half years, according to the Lundberg survey released Sunday.

Recent Business News

Oil, stocks go their separate ways

NEW YORK - Investors have wrung their hands over the last several weeks over the effect of lower oil prices on the broader S&P 500, but the relationship between the two is actually starting to break down.

19 Dec 2014

Capital hike, asset sales to fill gap at Monte Paschi: chairman

VIENNA - Italian lender Monte dei Paschi di Siena expects to complete its planned capital increase by July and can use divestments to help plug a hole in its balance sheet, Chairman Alessandro Profumo told an Austrian newspaper.

3:11am EST

DISH, Comcast SportsNet reach deal in regional dispute

WASHINGTON - Satellite TV provider DISH Network Corp and Comcast Corp's SportsNet have reached a deal allowing the cable giant's regional sports networks to remain on-air for DISH subscribers, the two companies said on Saturday.

20 Dec 2014

ECB's Coene supports government bond purchases: newspaper

BRUSSELS - The European Central Bank should start buying government bonds to tackle poor investor confidence and low inflation in the euro zone, governing council member Luc Coene said in an interview published on Saturday.

20 Dec 2014

Exclusive: GM develops contingency plans in case Takata recalls widen

DETROIT - General Motors Co has developed contingency plans in case recalls of potentially lethal Takata-made air bag inflators widens, forcing the U.S. automaker to repair millions of vehicles, the company said on Friday.

19 Dec 2014

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