US consumer prices drop 0.1 pct. on cheaper gas

WASHINGTON — Cheaper gasoline lowered overall U.S. consumer prices slightly in October. But outside the steep drop at the pump, inflation stayed mild. The consumer price index fell 0.1 percent last month, down from a 0.2 percent increase in September,...

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Markets remain lackluster in run up to Fed minutes

AMSTERDAM — Markets got a modest lift Wednesday after tame U.S. inflation figures eased investor fears that the U.S. Federal Reserve will feel pressure to reduce its monetary stimulus soon. U.S. consumer prices fell slightly in October, due to lower...

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Lowe's 3Q results rise, lifts fiscal 2013 outlook

MOORESVILE, N.C. — Lowe's third-quarter net income increased 26 percent, as the home-improvement retailer was bolstered by the housing market's ongoing recovery. Its earnings were a penny per share short of Wall Street expectations, but revenue beat...

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Deere profit beats estimates

MOLINE, Ill. — Deere & Co.'s fourth-quarter net income rose 17 percent after it raised prices for farm and construction equipment as it aims to keep its profits intact even as the farm economy slows. Deere said declines in next year's revenue will...

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Poll: 'Just kidding' doesn't make online slurs OK

WASHINGTON — In a shift in attitude, most young people now say it's wrong to use racist or sexist slurs online, even if you're just kidding. But when they see them, they don't take much personal offense. A majority of teens and young adults who use...

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Stocks edge higher after retail spending increases

NEW YORK — Stocks are edging mostly higher on Wall Street after the government reported a surprisingly large increase in U.S. retail sales last month.The pickup of 0.4 percent suggests shoppers weren't put off by the government shutdown in October. It...

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US retail sales rise solid 0.4 percent in October

WASHINGTON — Consumers shrugged off the 16-day partial government shutdown and spent more on autos, clothing and furniture in October, boosting U.S. retail sales by the most in four months. Sales rose 0.4 percent, up from a flat reading in September,...

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Frederick Sanger, double Nobel winner, dies at 95

LONDON — British biochemist Frederick Sanger, who twice won the Nobel Prize in chemistry and was a pioneer of genome sequencing, has died at the age of 95. His death was confirmed Wednesday by the MRC Laboratory of Molecular Biology — which Sanger helped...

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German official cautions over more ECB stimulus

FRANKFURT, Germany — Germany's top central banker said it's too soon for the European Central Bank to talk about a further shot of stimulus for the struggling eurozone economy. Jens Weidmann said the ECB only this month loosened monetary policy with...

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US creates economic advisory team for Puerto Rico

SAN JUAN, Puerto Rico — The U.S. is sending a team of federal officials to help Puerto Rico manage an economic crisis as the island braces for its eighth year of recession. A U.S. administration official said Wednesday that the team will be composed...

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