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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

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.

20 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

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

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