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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

China stock connect scheme scorecard throws up surprises

HONG KONG - A month after China opened up its equity markets in a landmark trading link with Hong Kong, demand has been subdued and the bulk of activity has come from short-term speculative investors.

4:13pm EST

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

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