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Last U.S. holiday shopping weekend off to solid start

CHICAGO/NEW YORK - Shoppers filled up malls and department stores on the last weekend before Christmas, as the weather cooperated to help raise the prospect of a solid finish to a holiday season that has so far produced mixed results.

Recent Business News

Three air-bag accidents at Boeing plant lead to extra safety measures

SEATTLE - Workers at planemaker Boeing's Everett plant near Seattle are following extra safety measures after three air bag-related accidents, including the death of a technician last month, the company said on Friday.

19 Dec 2014

Oil surges 5 percent as bears take profits, seeing $60 floor

NEW YORK - Oil closed up as much as 5 percent on Friday, its biggest gain in over two years, as some traders took profits on short positions after prices this week hit their lowest since 2009.

19 Dec 2014

Former Chrysler Group expands Takata driver-side air bag recall globally

DETROIT - FCA US , the former Chrysler Group, on Friday expanded a U.S. regional recall of older cars with potentially defective driver-side Takata air bags to a global action, affecting more than 3.3 million vehicles.

19 Dec 2014

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

Russia's parliament rushes through bill boosting banking capital

MOSCOW - Russia's lower house of parliament hastily approved a draft law on Friday that would give the banking sector a capital boost of up to 1 trillion rubles ($16.5 billion).

19 Dec 2014

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