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Lower gasoline prices dampen U.S. consumer inflation

WASHINGTON - U.S. consumer prices fell over the past year for the first time since 2009 as gasoline prices continued to tumble, which could allow a cautious Federal Reserve more room to hold off on raising interest rates.

Recent Business News

Citi urges Europe's CEOs to follow U.S. share buyback trend

LONDON - Citi strategists on Thursday urged European firms to use historically cheap borrowing costs to buy back their own shares, a practice embraced by U.S. companies in recent years that has also attracted criticism.

4:03pm EST

GM's Indonesia closure highlights automakers' emerging markets woes

DETROIT - General Motors Co's decision to shutter a car factory in Indonesia comes as global automakers rethink the timing and scope of investments in emerging markets once touted as engines of growth.

3:41pm EST

Oil retreats as rising U.S. inventories continue to weigh

NEW YORK - Crude oil futures fell sharply on Thursday as rising inventories in the United States pressured both Brent and U.S. contracts and countered expectations for recovering demand.

5:32pm EST

For Macy's, going downmarket looks like the way ahead

- Macy's Inc's planned push into the off-price retailing sector, dominated by chains such as TJX Cos Inc's TJ Maxx, shows the venerable department store chain has faced up to new realities of retailing in the United States.

1:10pm EST

How Sands fell from grace at Standard Chartered

LONDON/HONG KONG - In summer 2012 Peter Sands was flying high as Standard Chartered Chief Executive, batting back questions on whether he was tempted to run Barclays or even the Bank of England.

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