LONDON - Oil edged further above $60 a barrel on Friday as unrest in Libya cut supplies, offsetting a growing supply glut in top consumer the United States and weak imports by Japan.
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SEOUL - Prosecutors raided the headquarters of LG Electronics on Friday as part of a probe into whether the South Korean company had damaged the washing machines of rival Samsung Electronics at retail stores in Germany, LG said.
- Standard & Poor's Ratings Services is nearing a settlement with regulators over their investigation of how the company graded real-estate bonds, the Wall Street Journal reported, citing people familiar with the matter.
CHICAGO - U.S. consumers have not turned out in force for the final shopping days before Christmas, suggesting that traditional retailers will just meet industry sales forecasts in a season marked by deep discounts and growing encroachment from online rivals led by Amazon.com Inc .
MOSCOW - Finance Minister Anton Siluanov said on Friday that the Russian economy could contract by 4 percent next year and that the budget could have a deficit of more than 3 percent of gross domestic product if oil prices average $60 a barrel.
The U.S. is in a peculiar position regarding North Korea's hack of Sony, as none of the options for retaliation are very palatable.