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Oil edges further above $60 as Libyan output slumps

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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Prosecutors raid LG headquarters over washing machine row with Samsung

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.

4:00am EST

S&P nears settlement on real-estate bond ratings: WSJ

- 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.

U.S. retailers likely to just meet holiday sales forecasts: experts

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 .

24 Dec 2014

Russia's Finance Minister sees economy shrinking 4 percent in 2015

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.

6:34am EST

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